Technology Enables Municipal Investing at the Speed of Alpha
Today's complex, fragmented and fast-moving muni market is rapidly outpacing the capability and capacity of traditional portfolio-construction methods. The municipal market has changed significantly over the last 20 years, though most investors have barely adjusted their trading, research or portfolio-management methods. To be successful today, muni managers must be better, stronger, faster.
Focus on Equities: Uncertainty and Volatility Create Opportunity
Individual stock prices move around much more frequently than business value. At Morningstar Investment Management, we embrace stock price volatility as it provides opportunities to improve our portfolios. We are more optimistic about the long-term outcomes for our portfolios today than we were at the start of 2022. Here's why.
In defense of defensive fixed income: The case for adding duration
Senior Portfolio Strategist Lara Reinhard outlines three reasons why investors with the appropriate risk tolerance and objectives might consider adding intermediate-duration bonds back to their fixed income portfolios.
Sinking sentiment: When a bad mood is good news for markets
This year, investor sentiment has sunk amid a historically challenging economy. Is consensus now the right place to be, or do investors run the risk of missing out on some of the best long-term buying opportunities?