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Morningstar announces award program for best ETFs, providers

New program was created to help advisors pick the best ETFs for their portfolios, Vanguard's VTI getting special honors.

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In an effort to help investors find the best exchange-traded funds and notes, Morningstar has announced the winners of a new awards program for U.S. ETFs and ETNs as well as ETF providers.

The 37 winners, named at the Morningstar ETF Invest 2012 conference in Chicago on Thursday, were chosen from among a pool of 400 ETFs. The annual awards, based on data as of June 30, recognize category winners for retail and institutional investing objectives based on performance and cost along with a track record of at least three years.

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