Financial advisors and clients who may have been curious about exchange-traded fund managed portfolios but have been deterred by the lack of any objective rating or way to compare the performances of hundreds of these funds will soon have those tools at their disposal.

Morningstar, the Chicago-based fund research firm, Thursday announced plans to establish a ranking system and to begin research “later this year” on ETF managed portfolios, which are defined as separate account strategies that have more than 50% of a portfolio’s assets in ETFs.   

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