Morningstar responds to criticism: BLS Capital is in the right category

Investment research firm Morningstar does not buy into Danish fund manager BLS Capital's statement that it's been treated unfairly.

Photo: M. Spencer Green/AP/Ritzau Scanpix/AP

"I think we are being treated unfairly by Morningstar," BLS Capital CEO and portfolio manager Anders Lund told AMWatch' sister media FinansWatch last week.

He criticized the financial research firm Morningstar for placing BLS Capital in a category where the company's global equity fund is benchmarked against the development of growth stocks and not the overall market.

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