Morningstar Financial News

24.03 / 07:31

markets Provident Sustainability Morningstar Research Experts inclusion FPIs infuse over Rs 38,000 cr in equities in March so far amid strong domestic economic outlook

FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of Rs 25,743 crore in January, data with the depositories snowed. With this, foreign portfolio investors' (FPIs) investment has turned positive to the tune of Rs 13,893 crore in equities so far in 2024 and Rs 55,480 crore in the debt market.

19.03 / 05:27

markets UPS Waves ETF NVIDIA Morningstar Nvidia's dizzying rally spurs rush into AI-themed ETFs

artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics and sound generation. All told, the universe of AI-themed ETFs traded in the United States has soared to $6.88 billion as of the end of February from $2.55 billion a year earlier, Morningstar data showed.

19.03 / 05:25

markets UPS Waves ETF NVIDIA Morningstar Analysis-Nvidia's dizzying rally spurs rush into AI-themed ETFs

By Suzanne McGee

18.03 / 13:35

markets Sustainability Enterprise Morningstar cover information rights Tata AIA Investment Plans: Performance delivery, right from the start

Mumbai, 15 March, 2024: Driven by its core value of consumer obsession, Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced a host of funds, over time, for the benefit of consumers.

13.03 / 15:11

Provident awards Morningstar performer Investment Week reveals finalists for Fund Manager of the Year Awards 2024

A flagship event for the investment industry for nearly three decades, the Investment Week Fund Manager of the Year Awards honour fund managers who have demonstrated consistently strong performance for investors. We will announce the winners at a special ceremony on 20 June at the Marriott Grosvenor House Hotel in London. Our awards shortlists are constructed using data provided by our partner, Morningstar. The award winners are then decided by a panel of more than 60 fund selectors drawn from across the investment industry, who judge categories in their specialist areas of interest...

11.03 / 15:15

markets COST UPS Tesla Morningstar performer Profiles stake Tesla mega-bull Gary Black cuts stake: What’s going on?

Investing.com — Gary Black has typically been a vocal supporter of Tesla (NASDAQ:TSLA), but a recent filing has revealed that the Chicago-based portfolio manager has cut his fund's position in the electric vehicle (EV) giant.

09.03 / 00:33

markets FIVE ETF Morningstar Research Bitcoin folk NOT Billions flood into bitcoin ETFs amid price surge – just not Grayscale’s

Investor have poured at least $10 billion into spot-price bitcoin ETFs since the SEC approved the products in January, corresponding with a rapid increase in the crypto asset’s price to an all-time high.

08.03 / 06:49

Strategy Enterprise WhatsApp Morningstar Fantastic 4 women mutual fund managers betting on these top 13 stocks

07.03 / 16:13

Morningstar Trade Asian Energy Impact shares tumble 70% after listing restoration

At the time of writing, the trust's shares are down nearly 42% so far today (7 March), according to data from Morningstar Direct. AEIT holds £89.7m in total assets and is trading at a 41.2% discount to net asset value. The sharp share price move since the restoration of its listing at 3.30pm on Wednesday has nearly erased all of the trust's gains since its launch in December 2021. Asian Energy Impact seeks listing restoration as strategic review outcome looms AEIT said it would apply to the Financial Conduct Authority to lift its temporary suspension following the publication of ...

07.03 / 13:03

Provident Booking Enterprise Morningstar Research President Advyzon eyes next leg of growth with executive hires

Wealth tech provider Advyzon is looking to kick-start its next chapter of growth as it welcomes two prominent names in the industry to its leadership team.

06.03 / 15:39

markets economy Enterprise Morningstar Diversity performer stars Thinking of Investing: Think Tata AIA Plans

Over the past few years,Tata AIA, one of India’s leading private life insurers, has consistently introduced new investment opportunities to investors seeking to generate wealth. Exploring several diverse themes, Tata AIA has developed a robust suite of 8 Unit linked products.These products have generated superior returns over multiple time periods, consistently beating the benchmark.

05.03 / 22:19

COST UPS Morningstar Nordstrom wellness Department Nordstrom's weak 2024 forecasts overshadow strong holiday-quarter sales

By Ananya Mariam Rajesh

04.03 / 14:57

COST Cooper Booking Morningstar Research Department Macy's surges after investor group sweetens take-private bid to $6.6 billion

By Savyata Mishra

04.03 / 14:27

UPS CEO Morningstar community track International NYCB shares eye rebound after sell-off on 'material weakness' disclosure

(Reuters) — New York Community Bancorp (NYSE:NYCB) shares were on track for a bounce back on Monday following a drubbing in the previous session after the lender replaced its CEO and flagged «material weaknesses» in internal controls related to a loan review.

26.02 / 03:55

UPS Aware Morningstar show Income Tax: Investing the equity proceeds in ELSS before March 31 will save you tax. 5 key provisions explained

Equity linked savings scheme (ELSS) mutual funds come with a three-year lock in period and give equity exposure while offering tax benefits, at the same time, to investors. Under section 80C of the Income Tax Act, investors are entitled to claim income tax exemption of up to ₹1,50,000 against the investment made in ELSS funds. “Investors with moderate to high-risk appetite are encouraged to consider ELSS as a viable investment option since it not only helps them save income tax, but also facilitates wealth creation," says Deepak Aggarwal, a Delhi-based chartered accountant.

22.02 / 16:41

markets UPS SEC Morningstar Research Nick Train UK equity funds downgraded by Morningstar due to 'narrow focus'

Train follows a «well-defined» investment philosophy, but has become «gloomier» on small and mid-caps due to market liquidity concerns amid outflows, the firm's fund research analysts said in their latest qualitative Medalist Rating rebalancing. The £1.8bn Finsbury Growth & Income trust has underperformed the AIC UK Equity Income sector in the past three years, according to the Association of Investment Companies. In share price terms, the trust is up 4.1% in the last three years, while the sector has gained 17.2%. Its NAV total return is up 12.6% over the period, compared to the sec...

16.02 / 01:21

Provident security Align Morningstar President Actor Department DOL retirement security rule would be ‘disastrous,’ GOP rep says

Republican lawmakers bashed and Democrats praised a Department of Labor investment advice proposal Thursday at the second congressional hearing on the measure since the beginning of the year.

15.02 / 21:07

COST UPS Morningstar President reports International EV owners likely to pay more for insurance, report says. Here’s why

Electric vehicle (EV) owners in Canada may start to see their insurance rates jolt in the coming years, a new report indicates.

14.02 / 14:39

markets ETF Strategy Sustainability BlackRock Morningstar social BlackRock’s ESG business is on fire despite pushbacks

Despite a barrage of Republican attacks, lackluster returns and diminishing client interest in the US, BlackRock Inc. has been quietly expanding its dominance in ESG investing.

14.02 / 02:27

markets UPS ETF Morningstar trends International Don’t expect actively managed ETF trend to slow

ETF issuers sure were active in 2023 – especially when it came to actively managed funds.

13.02 / 16:09

Provident Platform Software Morningstar Research Great-West reports Morningstar Wealth strengthens its SMA shelf

Morningstar is offering more choice for independent advisors in the US investing space with the addition of new third-party investment options to its wealth management platform.

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