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Morningstar, Inc. Commentaries

CEF Weekly Update - June 17, 2014

Jun 17, 2014
Click here to access CEF Weekly Update - June 17, 2014

Merge, Merge, Merge

BlackRock announced board approval of the merger of three taxable fixed-income funds. BlackRock Income Opportunity (BNA) and BlackRock Income (BKT) will merge with BlackRock Core Bond (BHK). The merger is subject to shareholder approval and expected to complete in late 2014.

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Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.