News From Press Why Morningstar is exiting its PMS business in india

Why Morningstar is exiting its PMS business in india

Source: Mint Mar 29, 2023

Last week, portfolio manager Morningstar Investment Adviser India made a surprise announcement: It was winding up its portfolio management services (PMS) business in the country. The company, a subsidiary of Chicago-headquartered Morningstar Investment Management, LLC, claimed that it was shutting down in the second quarter of this year as the business was not growing in line with its expectations.

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