Research
Investors Paid Lowest Fund Fees Ever in 2020, Study Finds
Morningstar research also says fees are ‘a reliable predictor of future returns.’
Tag: Morningstar
Research
Behavioral Biases Can Cause Real Harm to Investors
Morningstar study finds higher bias levels lead to worse financial outcomes.
Tactical Shifts: How Institutional Investors Are Adjusting Asset Mixes Now
Private credit, real estate, emerging markets. Here are the ways CIOs at HOOPP, the James Irvine Foundation, and two others are solving the allocation puzzle.
Index-Besotted Institutions Miss Out on Good Deal: Stock Pickers
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
Asset Management Culture
Pandemic Creates Watershed Moment for Sustainable Investing
Sustainalytics Founder Michael Jantzi says COVID-19 has been a catalyst for ESG investing.
Market Moves
Active Funds Still Are Losers, Malkiel Says
Contrary to current predictions, pandemic-propelled volatility won’t finally let them outshine index portfolios, passive investing’s father argues.
Regulation
Morningstar to Pay $3.5 Million SEC Conflict of Interest Penalty
Analysts conducted both sales and ratings operations, the US securities regulator said.
US Sustainable Fund Investment Soars to Record High in H1 2019
The $8.9 billion in inflows in the first six months smashes 2018’s full-year record.
At Morningstar: Using Factors in Fixed Income Investing Remains Difficult
Equity strategies may not stand up to the complexity of the fixed income markets.
Newsmakers
At Morningstar: Asness Has No Simple Answer to Quant Strategy Losses
AQR CIO says firm is sticking with strategy until proven otherwise.
At Morningstar: Bond Fund Managers Suggest Investors Build Liquidity
One sees parallels to 2007 in current market conditions.
At Morningstar: PIMCO CEO Sees Growing Business in Private Credit Market
While currently a small part of overall business, private credit could help pension funds meet returns.
At Morningstar: Heavy Corporate Debt Could Affect Equities
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
At Morningstar: ETF, Mutual Fund Securities-Lending Programs Coming Under Scrutiny
Practice seen as less risky as it was before the financial crisis.
Morningstar: PIMCO Bounces Back
Performance-based model, new leadership strengthens position.