Morningstar reaches new milestone in acquisition of CRSP

Morningstar (MORN) has reached a new milestone in its previously completed acquisition of the Center for Research in Security Prices, CRSP, from the University of Chicago, announcing the rebrand of the CRSP Market Indexes to reflect the Morningstar brand. The CRSP Market Indexes, which underpin a range of popular mutual funds and ETFs including the Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund, will be renamed to be consistent with Morningstar’s broad range of global public and private market indexes. “The addition of CRSP has furthered our efforts to disrupt the costly, entrenched index industry with indexes that deliver more value at global scale to help benefit investors. We are proud to put our name on these highly respected benchmarks,” said Morningstar CEO Kunal Kapoor. “We are excited to continue building on our collaboration with the team at Vanguard, who share our mission of providing efficient, low-cost, high-quality index-based investment strategies, and to offer the highly respected CRSP market indexes and data sets to an even broader set of clients.”