Read and review commentaries written by Morningstar experts. These observations and insights are specific to Mutual Funds.
The Best and Worst New ETFs of 2021
by Ben Johnson, CFA | 2021-11-30 05:00:00
As of Nov. 24, a record 406 new exchange-traded funds were launched in 2021, blowing past last year’s high-water mark of 319 ETF debuts. There are now 2,688 ETFs available to investors. Since SPDR S&P 500 ETF SPY was launched in 1993, 3,751 ETFs have been brought to market. This means that about 28% of them have since been closed. In 2020, a record 190 ETFs shut down.Though there are plenty of choices on the ever-expanding menu, investors' tastes are basic. Of the 2,688 ETFs currently on offer, the top 100 as measured by assets under management accounted for nearly 70% of the $7 trillion invested in ETFs at the middle of December. The top 100 are the Swiss Army knives of the ETF world. They are efficient multipurpose tools that do a lot of different jobs for a lot of different types of investors.These figures are all fu… Full Story
Why Did a Star Manager Take His Boutique Fund Firm Public?
by Gregg Wolper | 2021-11-29 05:00:00
Mutual fund managers who leave large corporate firms to start their own boutique know there are risks involved. Plenty have taken the plunge nonetheless. Some have succeeded, while others have found the going rough. With thousands of investment options clamoring for attention--many backed by hefty advertising and marketing budgets--it’s exceedingly difficult to stand out.In just over five years, though, former Vontobel international-fund manager Rajiv Jain has not only established his own firm on a solid foundation but has seen it grow far beyond his expectations. At the end of October 2021, GQG Partners, founded in mid-2016, had $90.4 billion in assets under management.This trajectory shouldn’t come as a complete shock. Although Jain is not a household name on the level of a Peter Lynch or Bill Gross, he’s well-kno… Full Story
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Mutual Funds: Commentary
Commentary
Read and review commentaries written by Morningstar experts. These observations and insights are specific to Mutual Funds.
The Best and Worst New ETFs of 2021
Why Did a Star Manager Take His Boutique Fund Firm Public?
The Best and Worst New ETFs of 2021
Why Did a Star Manager Take His Boutique Fund Firm Public?
Taking Stock of China’s Bond Market
Weekly Wrap: Ironically Good Companies, Top Manager Retires, and Stock of the Week
Top Fund Managers Retreat From China in the Third Quarter
China’s Risks Are Nothing New
It's Hard to Argue for High-Active-Share Funds
When Bad Taxes Happen to Good Funds
How Useful Is It to Close Funds?
Weekly Wrap: Stocks to Consider, 529s to Avoid, and Portfolio Makeovers
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Market Data Disclosure