Morningstar Financial News

26.04 / 15:17

markets Target Platform Morningstar Photos social Features Snapchat parent soars 25% after beating revenue, user growth estimates

Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging app beat Wall Street expectations for first-quarter revenue and user growth. The Snapchat parent now expects second-quarter revenue between $1.23 billion and $1.26 billion, above analysts' estimates of $1.22 billion, according to LSEG data.

26.04 / 01:47

Target Strategy Sustainability Election Morningstar Research social ESG fund managers in US see worst quarterly outflows

fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified. Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to fresh data compiled by Morningstar.. That stood in stark contrast to the roughly $11 billion of inflows into ESG funds in Europe, where sustainable investing regulations are far more entrenched.

25.04 / 12:07

Target Compilation Strategy Sustainability Election Morningstar social ESG mandated US funds posted $9B outflows in Q1

US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified.

24.04 / 23:01

markets UPS Strategy Morningstar pop rights Derivative income funds taking off as indexes won’t back off

The S&P 500 returned an impressive 10.6 percent in the first quarter of 2024. And that was on top of last year’s more than 24 percent gain. That’s not bad for financial advisors seeking to curry favor with their clients.

24.04 / 16:53

markets ETF security Strategy BlackRock Morningstar reports European active ETFs hit €34bn AUM as market share set to increase

According to a Morningstar report with data to 31 March 2024, the initial growth in this market coincided with a «boom» in bond strategies, resulting in active bond ETFs securing the lion's share of assets when interest rates were lower and greater confidence was held by active management. BlackRock launches two active iShares ETFs in Europe But in the past two years active equity ETFs grew exponentially, to the point where they have now overtaken their fixed income counterparts, the data provider found, gathering €20bn in the last two years alone. Active equity strategies manage...

24.04 / 09:35

markets Strategy Morningstar Property and money market funds stand as sole beneficiaries of net inflows in March

Analysing UK fund flow data, Morningstar found that property funds saw «modest» net inflows of £24m over the period, whereas money market funds continued to be popular with investors, taking in £180m overall. Equity and fixed income haemorrhaged assets, with the former down over £1bn, while fixed income endured nearly £5bn in outflows. This month witnessed the lion's share of fixed income's outflows year-to-date, which is down a net £5.2bn. Equity funds have endured £3.3bn net outflows so far in 2024, while, according to Morningstar, equity strategies have not enjoyed a quarter of net...

23.04 / 14:07

Morningstar Research track Profiles Morningstar downgrades Trojan Income as 'behavioural biases' emerge from new manager

Manager research analyst for Morningstar Daniel Haydon argued there are «questions» surrounding the stock picks and position sizing of Blake Hutchins, who took over lead management of the fund from Francis Brooke in 2021. Troy Income & Growth opts to merge with STS Global Income & Growth Haydon noted that capital growth and income growth have «disappointed» relative to UK equity income peers of late, with the new «growthier profile and tighter take on ‘quality'» shifting the fund's profile, resulting in its track record becoming «less relevant». In the three years to end-March 2024...

23.04 / 14:07

markets Strategy Morningstar Property and money market funds sole beneficiaries of net inflows in March

23.04 / 11:19

COST Target Morningstar Research Trade Stifel upgrades 'M&A target' Gresham House Energy Storage to 'Positive'

In a research note today (23 April), the broker said the trust's shares are «comfortably» trading below replacement cost, which could make it a corporate «M&A target», as would be the case for fellow battery storage trust Harmony Energy Income. GRID's shares fell 3.9% on 19 April, when the trust confirmed it would be suspending dividends for the remainder of 2024 to focus on repaying debt, according to data from Morningstar Direct. The trust is currently trading at a 67.8% discount to net asset value, according to the Association of Investment Companies. Gresham House Energy Storage s...

21.04 / 06:19

markets Morningstar Research country inclusion consequences FPIs withdraw over Rs 5,200 crore in April so far amid tweaks in tax treaty with Mauritius

According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 5,254 crore in Indian equities this month (till April 19).

14.04 / 05:31

markets Fitch Morningstar Research inclusion FPIs infuse over Rs 13,300 crore in equities in April so far amidst bullish economic outlook

Another major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near-term, he added.

10.04 / 13:11

markets UPS Limelight Morningstar Research consequences testing Smallcap mutual fund investors pull the plug after two and a half years

froth in the broader market seems to have had an impact on mutual fund investors, too, who have started pulling out money from their smallcap investments for the first time after two and a half years. In March, the smallcap category saw an outflow of Rs 94.17 crore. The category saw its last considerable outflow of Rs 248.73 crore in September 2021. In FY24, the category received total inflows of Rs 40,188.56 crore with the highest seen in June 2023 at Rs 5,471.75 crore. During March, smallcap was the only equity category, which witnessed net outflows.

07.04 / 23:05

Morningstar Actor shooting voice stars reports Hazbin Hotel Season 2: This is what we know about release date, cast, what to expect and where to watch

Hazbin Hotel for its second season, but the exact release date remains unknown. Season 2 will bring back the vibrant cast of demons from Season 1.

03.04 / 12:31

markets Food Morningstar Headlines Eurozone inflation drops to 2.4% in 'positive surprise'

Core inflation also fell from February's figure of 3.1% to an annual rate of 2.9%. Services had the highest annual rate at 4%, unchanged from February. Food, alcohol and tobacco (2.7%), non-energy industrial goods (1.1%) and energy (-1.8%) all saw a decrease in annual inflation rates compared to February. Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints Michael Field, European market strategist at Morningstar, said markets expected a flat reading for headline inflation for March, so the decrease is a «positive surprise». However, he said core inflation w...

02.04 / 09:39

COST UPS Provident Death Morningstar reports Courts Cargo ship's owner and manager seek to limit legal liability for deadly bridge disaster in Baltimore

The owner and manager of a cargo ship that rammed into Baltimore’s Francis Scott Key Bridge before it collapsed are seeking to limit their legal liability for the deadly disaster

01.04 / 20:57

COST UPS Provident Death Morningstar reports Courts Cargo ship's owner and manager seek to limit legal liability for deadly bridge disaster in Baltimore

collapsed last week filed a court petition Monday seeking to limit their legal liability for the deadly disaster. The companies' “limitation of liability" petition is a routine but important procedure for cases litigated under U.S. maritime law.

01.04 / 15:49

markets ETF Manufacturing Morningstar Healthcare innovations reports Is the global battle against obesity an opportunity for investors?

Obesity is one of the biggest issues for health care professionals, but for those companies at the forefront of tackling it, the returns could be phenomenal.

30.03 / 13:33

COST UPS Pool Morningstar Experts cover Courts Baltimore bridge collapse: Who will pay for the destroyed bridge, harmed businesses and lost lives?

The collapse of the Francis Scott Key Bridge in Maryland is a multi-layered tragedy: For the families and friends of those killed or presumed dead, it’s a profound and personal loss

28.03 / 13:33

UPS Williams Strategy economy Morningstar Research Two China property giants lead drive to diversify

Some of China’s biggest developers are doubling down on asset management and investment property rather than home building, seeking more stable sources of income as hopes for a turnaround in the country’s real-estate sector fade. That shift, an effort to boost profit stability after years of weak property sales and tightened sector regulations in the world’s second-largest economy, should give investors a clearer road map into earnings while also boosting company valuations and financial health, analysts say. At the front of the drive are China Resources Land and Longfor, two developers with mature investment properties that include some of the biggest shopping malls in China.

25.03 / 18:59

Adobe Morningstar Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Manager Terry Smith has run a 'buy-and-hold' mantra in running the flagship fund, which Daniel Haydon, analyst at Morningstar, said had «long been an edge», but added «some questions have become apparent more recently». Fundsmith Equity makes Bestinvest's 'Spot the Dog' list for the first time Pointing to the recent sales of Adobe, Amazon, Estee Lauder and PayPal, Haydon said Smith himself had «admitted to the wrong timing» on each of them. Last year, Smith sold Adobe after the now-aborted merger with Figma was announced, while Amazon was removed due to capital efficiency concerns ...

24.03 / 11:37

Google Analysis Sustainability Morningstar trends show social Why ESG Investing Might Never Recover

The ESG brand probably has its best days behind it. Following a three-year craze for investment products focused on environmental, social and corporate-governance concerns, the percentage of newly created funds in the U.S. and Europe with ESG in their name has fallen from a peak of 8.3% to just 3.3%, according to an analysis of quarterly data by Morningstar Direct.

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