Morningstar Financial News

12.07 / 12:43

Morningstar Research wellness GQG Partners appoints Jonathan Miller as client portfolio manager

Acting as an extension of the investment team, Miller will be tasked with coordinating research and portfolio management meetings, as well as delivering portfolio analytics for UK clients of the asset manager, which currently has around $155bn AUM. A spokesperson for the firm described his role as «a conduit between the firm's investment, distribution and client-facing teams». Prior to his GQG venture, Miller was head of UK manager research at Morningstar for eight years. Before that, he had a lengthy tenure as head of research at Citywire. MainStreet Partners poaches abrdn analyst...

01.07 / 07:45

markets Provident Platform BlackRock Morningstar BlackRock agrees £2.55bn deal to acquire Preqin in private markets expansion

The $10.5tn asset manager will combine Preqin with its existing private markets solution, eFront, which is part of BlackRock's Aladdin platform. Morningstar downgrades six BlackRock funds over triple manager departure Preqin has provided data about private markets for over twenty years and has a global coverage of 190,000 funds, 60,000 fund managers and 30,000 private markets investors. In 2024, Preqin is expected to generate around $240m in revenue, representing a 20% growth each year over the past three years. The move forms part of BlackRock and the wider asset management's p...

26.06 / 13:27

Cooper Assurant security Morningstar Research reports Investigations Quant MF reassures investors: Gross inflows normal, liquidity position robust

Quant Mutual Fund has assured investors that its gross inflows continue to remain normal and its liquidity position robust. The fund remained defiant that all allegations must be proved before the alleged could be deemed guilty. It said every suspicion is not an allegation and Quant has always maintained transparency with its investors. The fund house stressed on its commitment to cooperate with the Securities and Exchange Board of India (Sebi) through any review and has dedicated people to give data to Sebi on a regular basis, ET Now reported on Wednesday.

25.06 / 12:15

FIVE Morningstar Research performer track rights Should you invest in this scheme that’s quietly topping the charts?

A sleeping fund house has finally woken up and is quickly making inroads in the flexi cap category.

24.06 / 22:17

markets COST Morningstar wellness reports European ESG fund fees fall further than non-ESG peers over past decade

According to data from Morningstar Sustainalytics, the average asset-weighted representative cost for ESG funds in six of the most popular Morningstar categories was 0.83%, compared to 0.9% recorded for non-ESG funds. The report used a sample of over 110,000 retail share classes from over 37,400 funds in Europe and analysed funds within the Global Large-Cap Blend Equity, Europe Large-Cap Blend Equity, US Large-Cap Blend Equity, Global Emerging Market Equity, as well as Europe Corporate Bond and Other Bond groups. Morningstar: Money market funds dominate inflows in May The latest fi...

20.06 / 18:35

UPS Provident Platform Align Morningstar AssetMark to snap up multibillion-dollar TAMP business from Morningstar

AssetMark is taking over billions of dollars in TAMP assets from Morningstar as part of a landmark mega-partnership between the two firms.

20.06 / 07:53

markets COST Target Boeing Morningstar Core inflation figures 'final nail in the coffin' for hopes of June BoE rate cut

The Bank's Monetary Policy Committee is set to meet on Thursday (20 June) to decide the next step in the UK's interest rates path and is widely expected to continuing holding rates at 5.25%. While inflation saw an overall decline, core inflation, the measure that strips out more volatile components, remains high at 3.5%. Underlying areas such as services and home ownership costs were «unlikely to fall away anytime soon», however, according to Michael Field, European market strategist at Morningstar. UK inflation returns to 2% target but June BoE cut remains unlikely He argued to...

13.06 / 23:01

markets ETF Strategy Morningstar Research blues rowing NY Life backs away from semi-transparent ETFs

New York Life Investments appears to be pulling the plug on the semi-transparent ETF structure, switching its two products that do not disclose holdings daily to a fully transparent model.

10.06 / 11:13

markets ETF GameStop Morningstar Research Trade track Meme stocks are back, but fund investors moved on

Wild trading in meme stocks such as GameStop and AMC Entertainment has once again captured the imaginations of individual investors, but the frenzy of YOLO trading hasn’t lifted the fortunes of the fund industry. Assets in U.S. thematic funds peaked at nearly $200 billion in 2021 and have since dropped to $120 billion, according to Morningstar Direct, even though major stock indexes are trading near records.

05.06 / 14:33

Target Sustainability Morningstar Research FIF 2024: Half of Article 8 funds target less than 10% of sustainable investments

Speaking at Investment Week's Future of Investment Festival today (5 June), Hortense Bioy, director of sustainable research and global manager research at Morningstar, revealed that the vast majority of Article 8 funds in Europe target as little as 10% in sustainable investments. This compared to around 90% for Article 9 funds. As a result, the different definitions of what sustainable investment is have also resulted in greater exposure to fossil fuels among both Article 8 and 9 funds, according to Bioy. At the same time, they tend to be less involved in controversial activities –...

04.06 / 13:23

markets Provident Strategy Morningstar President Experts Commentary Empower hires Morningstar investment expert for new strategy role

Retirement services provider Empower has announced a new hire to lead on strategy for its asset management unit.

29.05 / 14:13

Morningstar place St James's Place set for FTSE 100 demotion as Liontrust eyes FTSE 250 in upcoming reshuffle

FTSE Russell's indicative quarterly review changes published today (29 May) have suggested SJP could be demoted to the FTSE 250 next month. The potential move follows a 26.5% slump in the wealth manager's shares in the year to date, according to data from Morningstar. The firm has faced scrutiny from UK regulators regarding its fee structure, pledging in October to remove charges for early withdrawals by clients, effective from the second half of 2025. In February this year, the wealth manager's shares crashed after announcing a £426m provision for potential client refunds and slashing i...

24.05 / 13:03

Morningstar Research Trade NOT Jefferies: Hargreaves Lansdown bid rejection does not end offer process

Writing in a research note, analysts Julian Roberts, Tom Mills, Laura Gris Trillo and Fangfei Li highlighted the consortium led by CVC has until 5pm on 19 June to confirm whether or not it will make a further offer. Rejected by HL's board, the 26 April 985p per share offer was made at a 30% premium to the contemporary share price. However, on the back of the news, HL's share price has traded considerably higher, currently at 1,066p per share, according to data from Morningstar Direct. Hargreaves Lansdown rejects bid from private equity consortium The move has squeezed the short po...

21.05 / 05:11

markets Strategy Morningstar Research Experts track play Warren Buffett play: 6 things to consider before investing in Special Opportunities Fund

Special Opportunities Fund (SOF) is a type of investment fund that seeks to capitalize on unique, often short-term opportunities wherein the stock of the company starts trading below its intrinsic value (fair value) thus creating a buying opportunity. Warren Buffett's approach also focuses on intrinsic value, margin of safety, and a long-term perspective. Special Opportunities Funds often target distressed assets or special situations where the intrinsic value is not reflected in the current market price. By understanding the true value of these investments, fund managers can capitalize on significant price discrepancies.

20.05 / 07:33

Platform Strategy Morningstar social abrdn to close Multi-Asset Climate Solutions fund after failure to build scale

The strategy, which currently holds about £10.6m in assets under management across 161 holdings, reached its peak with £12.8m in November 2022, according to data from Morningstar Direct. Launched in February 2021 by then-Aberdeen Standard Investments in partnership with The Big Issue Group, MACS committed to sharing 20% of the net revenue generated by the fund to support TBIG's social causes. Retail investors were able to access the vehicle directly through ethical and impact investing platform The Big Exchange, which rates the fund as an Impact Leader, despite noting that «reporting ...

13.05 / 00:57

Booking ETF WhatsApp Morningstar Research wellness Gold ETFs see first outflow after March 2023

outflow of ₹396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi).

09.05 / 15:11

Booking WhatsApp Morningstar Trade show travelers Airbnb slumps over 6% as gloomy Q2 forecast fans slowdown fears

shares tumbled more than 6% in early trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat. The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb projecting current-quarter revenue below lofty Wall Street estimates.

03.05 / 21:27

markets Target Morningstar wellness 2020 reports Updates DOL urged to refresh guidance for target-date funds

As target date funds continue to gain popularity in 401(k) plans, the Government Accountability Office is urging the DOL to update its guidance on the retirement investment options.

02.05 / 08:39

markets Election Morningstar Trade Experts Federated Hermes' Pines: Impact of second Trump term on stock markets is 'overemphasised'

Speaking about the future of US stocks at the Morningstar Conference in London on Wednesday (1 May), Pines said that despite «some specific sector issues,» markets are generally well-equipped to withstand political unpredictability. His statement comes at a time when several experts believe Trump might win a second White House term in November this year. JP Morgan AM's Karen Ward: Investors should not 'trade' the US election Some investors have even started to look for ways to safeguard their investment portfolios by diversifying their asset classes in the event that Trump's re-el...

01.05 / 11:45

markets Strategy Sustainability Morningstar Research show reports ESG investors prefer passive as active funds ‘bleed money’

A long-held truism of ESG is being challenged, namely the idea that the strategy is best-suited to active fund management.

30.04 / 16:01

FIVE Man Strategy Sustainability Morningstar performer reports Inflows into Article 8 funds rebound after three quarters of outflows

The rebound was driven mainly by fixed income and passive strategies, the report stated. Meanwhile, Article 9 funds bled money for a second consecutive quarter, with outflows hitting nearly €4bn between January and March this year. By comparison, Article 6 funds brought in €43bn during the same period. Both Article 8 and 9 funds performed worse than Article 6 funds over the past five quarters. Morningstar: Janus Henderson and Man Group have 'room to improve' on ESG commitments Hortense Bioy, global director of sustainability research at Morningstar and author of the report, claim...

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