The investment research house said it has purchased the remaining 29% stake after buying out Katsunari Yamaguchi, president and Tadaaki Komatsubara, chief investment officer.
Both Yamaguchi and Komatsubara will continue in their roles, Morningstar said.
“Japan is a key market for Morningstar, and the acquisition reflects the close cooperation in recent years between IAJ [Ibbotson Associates, Japan] and Morningstar to provide leading global equity research, indexes, and other world-class investment strategies to our clients,” Yamaguchi said.
Morningstar initially acquired the stake in the firm in 2006.
Ibbotson was set up in 2000. The company helps banks, securities companies, and asset management firms in Japan create portfolios and other investment solutions to meet investor needs.
