|Day's Range||2.5100 - 2.5100|
Fund manager M&G has halted trading in its £2.5bn property fund after fears over Brexit and a retail downturn prompted investors to rush to withdraw their money, echoing the crisis in the sector following the EU referendum. “In recent months, unusually high and sustained outflows from the M&G Property Portfolio have coincided with a period where continued Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector have made it difficult for us to sell commercial property,” it said.
More investors registered for the SRI Conference in Colorado Springs while sustainable funds are receiving bigger chunks of money and competition is heating up among data providers.
CHICAGO , Nov. 19, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) ...
A new academic paper says Morningstar has faulty data for its bond-fund star ratings, a claim the company disputes.
Despite claims to consider environmental sustainability, ESG funds invest in Exxon and Occidental Petroleum
A leading consumer spokesperson on investor protection issues, Roper has conducted studies of abuses in the financial planning industry, state oversight of investment advisors, state and federal financial planning regulation, financial planning software, financial education needs of low-income older persons, the information preferences of mutual fund shareholders, systemic risk regulation, and securities law weaknesses as a cause of the financial crisis. Roper is a member of the SEC's Investor Advisory Committee, Finra's Investor Issues Group, and the CFP Board's Public Policy Council and Standards Commission.
So much for the October Effect.Stocks have a reputation for declining in October, and no wonder: Some of the market's darkest days, including 1929's Black Tuesday/Thursday and 1987's Black Monday--occurred during that month.
An accomplished growth investor, Lynch explains how his team seeks to gain an edge, susses out the difference between innovation and mission creep, and applies different frameworks to mitigate biases and ...
SYDNEY , Nov. 3, 2019 /PRNewswire/ -- Morningstar Australasia Pty Limited , an Australian subsidiary of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, announced ...
Postcrisis plan enabled unsolicited ratings, meant to limit bond issuers’ ability to exert influence over ratings firms. Few, if any, such ratings have been published.
This article originally appeared in Morningstar Direct Cloud and Morningstar Office Cloud. Which funds managed to tough out category-topping performance during the last three years when value's overall numbers were at their bleakest since the late 1990s? In the second part , we tapped into Morningstar's manager research team to learn about what they've been hearing from fund managers.
This article originally appeared in Morningstar Direct Cloud and Morningstar Office Cloud. September brought relief to long-suffering value fund managers and their investors, as returns on funds that were targeting winners among cheap stocks and turnaround stories outperformed growth-company funds by a wide margin. While the value-stock rally was dramatic and sudden, it's only been one month since a long drought ended for value funds.
Specifically, we've sought to estimate the potential payoff and penalty associated with active investing across various investment styles before fees. To estimate that payoff and penalty, we compiled the rolling 36-month, pre-fee capital asset pricing model alphas of all U.S. active funds in our database for the period January 2000 through Dec. 31, 2018. From there, we sorted each Morningstar Category's pre-fee alphas from smallest to largest to form a distribution, and then calculated the 25th and 75th percentile alphas.
CHICAGO , Oct. 23, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced third-quarter 2019 financial results featuring strong revenue ...
The Dodge & Cox CEO and bond-fund manager on overseeing a fundholder-friendly firm and why she believes in an active approach to fixed-income investing.
The 529 college-savings plan industry sees continued improvement on fees, investment lineups, and the construction of age-based portfolios, but stagnant plans are falling behind CHICAGO , Oct. 22, 2019 ...
The previous two columns have discussed the Morningstar Ownership Lens, a new measure born from a 2005 Journal of Finance paper. The latter argument was accompanied by 21 years' worth of history for diversified U.S. equity funds in the Journal of Finance article and an additional 17 years' worth, using the much larger universe of all global mutual funds, in Morningstar's follow-up.
CHICAGO, Oct. 18, 2019 /PRNewswire/ -- Morningstar, Inc. (MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for September 2019. Overall, passive U.S. equity funds saw $22.9 billion in inflows while active U.S. equity funds had $19.1 billion in outflows.
Tuesday's column discussed a 2005 academic paper, “Judging Fund Managers by the Company They Keep.” (Journal of Finance 60, by Randolph Cohen, Joshua Coval, and Lubos Pastor.) The study found that sorting U.S. equity funds according to the quality of their portfolio holdings gave better future results than selecting funds based on their past performances. Selecting mutual funds by their portfolios, instead of their performances, improves predictability.
SYDNEY, Oct. 17, 2019 /PRNewswire/ -- Morningstar Australasia Pty Limited, an Australian subsidiary of Morningstar, Inc. (MORN), a leading provider of independent investment research, has acquired Cuffelinks, an independent, privately-owned publisher of investment commentary. As part of the acquisition, Graham Hand and Leisa Bell will join Morningstar. Cuffelinks (now branded as Firstlinks) was co-founded and, prior to the acquisition, solely owned by Hand, a leading market commentator in Australia with a broad network of industry contacts cultivated over his 42-year career in the finance industry.