Morningstar unit admits anti-Israel bias in product: The Chicago firm is adopting all the recommendations of a probe it commissioned into Sustainalytics, its environmental, social and corporate governance rater.

A report commissioned by the Chicago-based investment research firm, released June 2, seeks to put to rest a controversy that has threatened Morningstar's eligibility to be included in the portfolios of state-run pension funds. Morningstar's unit providing ratings and other information on environmental, social and governance issues surrounding potential investments is scrapping a product after concluding it reflected bias against companies doing business in Israel. [Extracted from the article]