TORONTO, Oct. 2 /CNW/ - HSBC Securities (Canada) Inc. has selected
Morningstar Canada, a leading provider of independent investment research and
a wholly owned subsidiary of Morningstar, Inc. (NASDAQ: MORN), as a
third-party provider of equity research and ratings for HSBC InvestDirect.
Investors using HSBC InvestDirect now have access to Morningstar research by
over 100 analysts on approximately 2,000 stocks across 130 industries
worldwide. Morningstar's independent equity research provides investors with
global coverage of stocks by Morningstar stock analysts and insightful reports
that include an investment thesis, competitive overview, Fair Value Estimates
underpinned by rigorous valuation models, risk level assessment, and access to
the popular Morningstar Rating(TM) for stocks, automatically updated every
"Morningstar is one of the largest independent sources for equity
analysis in the world," says Scott Mackenzie, president and CEO of Morningstar
Canada. "Morningstar Equity Research offers an objective third-party
perspective and actionable insight from a trusted institution. Our
proprietary, consistent methodology and expansive coverage combine to deliver
insightful equity research services that meet a variety of needs. We're
pleased to make this research available for investors using HSBC
About Morningstar, Inc. and Morningstar Canada
Morningstar, Inc. is a leading provider of independent investment
research in the United States and in major international markets. The company
offers an extensive line of Internet, software, and print-based products and
services for individuals, financial advisors, and institutions. Morningstar
provides data on more than 250,000 investment offerings, including stocks,
mutual funds, and similar vehicles. The company has operations in 16 countries
and minority ownership positions in companies based in three other countries.
Morningstar Canada is a wholly owned subsidiary of Morningstar, Inc.
(C)2007 Morningstar, Inc. All rights reserved.
For further information:
For further information: Media Contact: Isabell Grygianiec,
Communications Manager, (416) 484-7868, email@example.com