Friday fundamentals webinar: showcasing Morningstar's new site

--  |   10/05/2019 Text size  Decrease  Increase   |  
email_fwd
<p><strong>Stefanie Harding</strong>: Hi, everyone. Thank you for joining us today. I'm Stefanie and I'm here today with Mark LaMonica, who is the Individual Investor Product Manager, to talk about the new Morningstar Premium website.</p> <p>So, Mark, last time we did this, it was like a couple of weeks ago, and we were just about to release the new website. So, can you walk us through what has happened since last time we spoke?</p> <p><strong>Mark LaMonica</strong>: Yeah, absolutely. So, Stef said the last time we talked was late March and we were about to launch the new website. The first exciting thing that's happened since then is Stef got married. So, congratulations &ndash; I guess, somewhat public congratulations to Stef and Max.</p> <p><strong>Stefanie Harding</strong>: Thank you.</p> <p><strong>Mark LaMonica</strong>: So, that's exciting. But the other thing that's exciting is we did launch a new website. Now, I first wanted to reiterate what we're doing over the course of this year. We are building a new experience for our premium subscribers and we're building this new website in parallel with keeping our current website out there.</p> <p>So, for anyone who is a subscriber to Morningstar Premium, you will still have access to everything on our old website and you also have the new capabilities that are on our new website. So, the plan is, for the rest of this year while we are building the new website, you will be able to chose where you want to access our research, data and editorial content.</p> <p>So, I want to talk a little bit about what was on the website that we launched. So, really, three main things that we put on this website. So, as I said before, we have all of our research. So, one of the exciting things about the new website is we have expanded our research, which I'll get into in a second. We also have all our editorial content and all of our data, all of our global data. So, I'll quickly jump on and show everyone a couple of features on the website.</p> <p>So, as I said, there's three main things that are on the website. So, first, we'll start with the editorial content. So, this is all the same editorial content that is on our current website. The advantage of the new website, I think, number one, it looks better, but also the advantage is that it is mobile-enabled. So, for instance, Your Money Weekly, which was published today, you can read Peter's overview from today. So, that is live on the website as well.</p> <p>The other thing that we have, and I mentioned earlier that we did expand our research coverage is, we now offer international research coverage. So, you can go up to the search bar, up in the upper left-hand corner of the website, type in any security that you like and see if it's something we cover. So, on the current website we cover about 225 Australian securities. What we've done now is, we've expanded it to our global coverage. So, that's over 1,500 global securities. So, just because we are on Facebook Live, we can maybe use Facebook as an example.</p> <p>So, Facebook, for example, is something that our team in the U.S. covers, our equity research team. So, that's the same methodology that's used as our team in Australia is used globally. So, here you can see our research coverage on Facebook. We clearly have it rated currently as 3 Stars. So, you can read the full analyst reports. Also, you can see all the data on the security as well. So, price to fair value, trailing returns and all the different financials. So, that's all available.</p> <p>The other thing that we put on to this new website is what we have under Discover Investments. So, Discover Investments is really meant to curate some of the research based on different criteria that we preestablished. So, you can see we have a number of different screeners for stocks, same things for funds and ETFs. And just as an example, we can look at global equity. So, medalist ratings are the ratings that our manager research team assigns. So, you can simply go into the screener and you can see every ETF in Australia that has a medalist rating gets a Gold, Silver or Bronze rating by our analysts that is a global equity ETF. So, here you will see our top-rated are Silver and you can see Magellan Global Equities, for example, and you can simply click through and then read our actual research on that ETF.</p> <p>So, those are the main things that we've launched at this point. And really, the plan as we go across the year is as we build something and test it, we will launch it onto the website. So, you will really get an incremental delivery of new features.</p> <p><strong>Stefanie Harding</strong>: All right. So, as you mentioned, the plan is to incrementally release new features. So, since we launched the website a couple of weeks ago in late March, has there anything been released?</p> <p><strong>Mark LaMonica</strong>: Yeah. So, one thing we released that I can show you on here is on the Discover Investments tab and is one of our most popular features actually, our Global Equity Best Ideas. So, what the Global Equity Best Ideas is, is our equity analysts in each of the geographies, so our team in Australia does this as well as our team in Asia, Europe and North America, they sit down and come up with what their best ideas are. And one of the reasons that this is a really popular feature is because, number one, you are getting all of the over 100 equity analysts' best opportunities in the market and also, to talk about our equity research stories a little bit, there's been a number of really good calls that they've made lately. So, a couple of examples &ndash; I can go through a couple of examples in a second, but first, you can see that this is the list. So, this comes out every month. So, on the 1st of May they came up with a new list. You can see that there's 77 securities. We got them sorted with Australia first. So, you can see that in Australia there are nine different securities that are on the list and then goes through the various geographies after that totaling 77 which you can keep loading.</p> <p>So, a couple of examples of things. We do have a number of new items on the Global Equity Best Ideas list. And the reason for that is, we did take a lot off basically because they appreciated too much and their valuation changed, so we took them off the list. So, a couple of examples of those. InvoCare, so we put that on in June of 2018. So, it's up close to 15%. So, it was just removed from the list with this May edition. Crown Resorts, I this those people who have been following and obviously there is that Wynn bid on that. We put that in, in February. It was up 13% since then. So, came off the list. Carsales also went on in February, was up close to 9% since then.</p> <p>So, another example is James Hardie. I can pull that up for us. So, James Hardie is also something just came off the list recently. So, we can see that. So, we put James Hardie on at the beginning of December, so pretty short amount of timeframe for that. So, I can go in and select &ndash; just to show an example, I can select the beginning of December when it went on, December 1st, and you can see up here that it's been up close to 15% since it went on the list. So, that's something else that came off. So, Global Equity Best Ideas is probably the major thing that we've released since the website has gone live. But as I said, yeah, we'll continue to release things as they are ready.</p> <p><strong>Stefanie Harding</strong>: Right. So, that's very interesting and exciting as well. And I think our subscribers also are very interested in what's going to be released next. So, I guess, if you can share that with us, that would be great.</p> <p><strong>Mark LaMonica</strong>: Yeah, absolutely. So, the next &ndash; and I can actually show you. I'll go into &ndash; our developers don't like this &ndash; but I'll go into our Dev environment and show something that will be released next week. So, Latest Research. So, really what we've done is we've embedded new cards into each of the stocks, ETFs and funds that shows sequentially what our analysts have released. So, what this really does is, it hopefully provides our subscribers with some perspective. So, this is a development environment. So, the stories on here are old. But one of the things that we really preach at Morningstar is that you really want to tune out the noise and really look at the valuation of the company.</p> <p>So, in this case, you can see that things that we are worried about as investors, Brexit, certainly the trade tensions, you can really see what our analysts think about that. So, they will issue a new note if their outlook on a company changes. But in many cases, it's really sort of the day-to-day market noise that we try to ignore and what our analysts try to ignore because we all know that over-trading is not a great approach for successful long-term investing. So, releasing that.</p> <p>The other thing that we are building that we are hoping to release by the end of May is the user-defined screener. So, I've showed you a number of different pre-configured screeners on here. But there's also the opportunity, many of our subscribers, as I do, like to go in and set their own criteria. So, in these screeners, we are building one for stocks, for funds, for ETFs, so you can screen based on Morningstar research, so you can use our criteria, but you can also screen on any of the underlying financial metrics that you may decide. And I think one of the best features about these is they are going to be savable. So, you can literally set up your own screens based on your set criteria and come at and periodically check that screen to see if a new security went on there. So, I think it's going to be a really great feature to try to generate some investment ideas so you can do further research.</p> <p><strong>Stefanie Harding</strong>: I'm sure it will be. So, that sounds very exciting. Why don't we start now taking questions from the audience maybe?</p> <p><strong>Mark LaMonica</strong>: Yeah, that sounds good.</p> <p><strong>Stefanie Harding</strong>: Yeah. So, have two that came in based on our email requests. The first one is, I've been using your site and noticed that some stocks receive quantitative ratings. What are those?</p> <p><strong>Mark LaMonica</strong>: Okay. That's a good question. So, quantitative rating. So, what we believe in as a company is, we believe in fundamental research. We really believe that it's looking at the underlying company, determining how much it's worth and comparing that to its current market valuation is a way that you uncover investment opportunities. So, I think, as I said before, we've got a little over 100 equity analysts around the world that are focused on full-time following the stocks that are within their purview.</p> <p>Now, we cover 1,500 stocks globally. We cover 225 in Australia and New Zealand.</p> <p>But there are obviously a lot more stocks out there. And we cannot hire enough equity analysts to cover the roughly 50,000 stocks that we have in our equity database that's available on the website.</p> <p>So, what we've done is, we've tried to create a quantitative assessment methodology that's based on what our equity analysts do. So, we literally have a team that sits side-by-side with them that creates a methodology that's supposed to reflect how our equity analysts would rate those if they were rating them.</p> <p>So, let me show you an example. So, let's take &ndash; if we're looking at Australia, how about Afterpay. So, Afterpay is a &ndash; Stef's husband also works at Afterpay. So, I thought it was a good example. So, Afterpay is a stock that we don't currently cover. It's something that there is a lot of talk about in the Australian market. So, you'll see here there is a Q above the Star Rating. So, that means it's quantitatively rated. So, there's not an equity analyst that follows this, but based on the model that's been set up, we still assign a fair value, you still get a Star Rating based on that fair value. And you can read a little bit about &ndash; so for every stock that is covered by the quant team, you can read a little bit about the methodology. So, it should be very clear what's a stock that's rated from the quant team and what's rated by our equity analysts. So, really what that does is, it brings our coverage, from, as I said, around 1,500 to the 50,000 securities globally that you can access on our new site and you can get the quant rating and that can be an indication of what we think about it and can lead you to potentially research that stock more.</p> <p><strong>Stefanie Harding</strong>: Yeah. Sure. Then the second question is, how do I access the new site.</p> <p><strong>Mark LaMonica</strong>: Okay. Yeah, absolutely. So, we are in the coming weeks going to start putting more calls to action on our current website to allow people to toggle back and forth between the two of them. Right now, you can see &ndash; hopefully, you saw on the shots earlier, you can see the URLs, it was premium.morningstar.com.au.</p> <p>It is the exact same login and password as works on our current site. So, anybody can go to our site at any time. As I said, we'll start putting more things on our current site to have callouts for this site.</p> <p>We are also going to start including it more in emails. So, I think, for people who receive <em>Your Money Weekly</em> email at about 10 am today and 10 am every Friday, you will see that the top stories, the editorial stories that we have at the bottom of the email, they all link to the new site.</p> <p>And as I said, one of the advantages of the new site is that it is mobile-enabled. If you are like me, you get a lot of emails and they come in on your mobile phone, and so, simply clicking on that takes you to a better experience to actually read the editorial content.</p> <p><strong>Stefanie Harding</strong>: Yeah. That's great. Do we have any more questions from the audience? So, apparently, they are coming in.</p> <p><strong>Mark LaMonica</strong>: Yeah. So, we awkwardly sit here while people are ready to type and send them over.</p> <p><strong>Stefanie Harding</strong>: When do you expect the site to be finished?</p> <p><strong>Mark LaMonica</strong>: Yeah, it's a good question. So, our goal is to finalise it in Q3, probably towards the end of Q3. Once again, we will not retire the current site at that point.</p> <p>There will be a time in 2020, we don't know exactly when, where we will retire the current site and have everything available on the new site. But once again, that will not happen this year. But we do hope to finish the site, continue to add the different tabs, we want to have the different features.</p> <p>Basically, everything that you get right now in your subscription on the current site will be on here. So, yeah, we are hoping Q3, but we'll keep people informed as we do these things, the progress we make. And people can obviously see the progress themselves as we release new things and they go up here.</p> <p><strong>Stefanie Harding</strong>: Yeah, that's good. We don't have any more questions. So, that was today's Facebook Live. Thank you so much for participating and for the information. I think it's very useful for our subscribers.</p> <p><strong>Mark LaMonica</strong>: Yeah, great. Well, thanks Stef, and thank you guys for joining.</p>

Video Archive...

Looking for growth and income among industrials
21/01/2021  Redpoint CEO and portfolio manager Max Cappetta looks at the dividend potential of large-cap names, the resilience of Qantas, and the local tech landscape.
What we expect from oil prices
19/01/2021  Stocks still look cheap across all subsectors, especially oilfield services and refining, says Morningstar analyst Dave Meats.
What’s app-ening: investing from your phone
19/01/2021  What are the rewards and risks of using this technology?
A Democrat clean sweep and corporate America
15/01/2021  Morningstar's head of policy research Aron Szapiro explains what sort of changes a Biden government will make and how they will affect company valuations.
3 stocks for climate transition
14/01/2021  Freight-rail, building temperature efficiency, and carmaking are among the sectors Aviva Investors' Jaime Ramos Martin has his eye on.
The outlook for dividends
13/01/2021   Dividend investors had a hard time in 2020, but Morningstar analyst Dan Lefkovitz think the outlook is brighter for the year ahead.
3 themes for fund investors in 2021
11/01/2021  Morningstar Investment Management's Dan Kemp reveals the three investment themes on his mind for the year ahead.
What next for oil and gas companies?
06/01/2021  Morningstar equity analyst Allen Good looks at the prospects for oil and gas giants in the year ahead. 
China outlook 2021
05/01/2021  China had a strong year after a rocky start, but can it continue—and what does a US President Biden mean for the region? Morningstar analyst Lorraine Tan explains.
Tech, travel and trends for 2021
04/01/2021  Morningstar equity director Alex Morozov considers the outlook for tech, travel and beyond for the year ahead.
Money and investment lessons of 2020
01/01/2021  How to plan for things you can't plan.
Morningstar Year in Review 2020
25/12/2020  2020: we look back at the highs and lows of an unprecedented year in financial markets and explore the themes shaping 2021.
Are music streaming companies a big hit with investors?
22/12/2020  Music streaming companies have seen stellar growth in user numbers. We ask Morningstar equity analyst Neil Macker if the trend can continue.
What Tesla's inclusion in the S&P 500 means for investors
21/12/2020  While it stands as the largest addition in the index's history, this likely won't impact everyday investors all that much. 
Peter Warnes and the 2021 Forecast
18/12/2020  Will there be opportunities to deploy cash in the new year? Will there be a reprieve from covid? And what will the incoming Biden administration mean for markets?
Investing in the climate transition
18/12/2020  Companies that specialise in solar, building efficiency and renewables underpin Aviva Investors' Climate Transition Global Equity Fund, says Jaime Ramos Martin.
Why does liquidity matter?
16/12/2020  Why does liquidity matter to investors, and how can it affect your returns? Morningstar equities director Tom Whitelaw explains.
Introducing the Morningstar Capital Allocation Rating
14/12/2020  Learn what we look for when rating a company.
Incorporating ESG into our equity research process
14/12/2020  Morningstar's new approach unpacks the environmental, social and governance risks that companies face.
Tagliaferro: yield ideas for your portfolio
10/12/2020  Industrial companies typically generate better cash flows and can offer a steady income stream, says the IML founder.
Anton Tagliaferro on value versus growth
09/12/2020  The lofty valuations of Tesla and Afterpay typify the effervescence and speculation in the market, says the IML founder.
Can car companies be ESG investments?
08/12/2020  Car makers may not be an obvious investment choice for ESG-conscious investors, but Morningstar analyst Tancrede Fulop says some of the largest companies score highly in some measures such as safety and human capital.
The US and China under president-elect Biden
07/12/2020  Janus Henderson's Matt Peron considers how the relationship between the US and China will evolve under a President Biden.
Investing basics: what is active and passive investing?
04/12/2020  What is active investing, and what is passive investing? We're at the whiteboard to explain the pros and cons of each 
Why we still like Treasury Wine
04/12/2020  Treasury Wine Estates remains an undervalued stock in spite of China's demand-destroying tariff on Australian wine. Morningstar director of equity research Adam Fleck explains why.
What is gold worth?
03/12/2020  And do any other assets currently compare?
Why now is the time for ESG investing
02/12/2020  We're at an inflection point in ESG investing, says Sustainalytics founder Michael Jantzi. Here's why. 
10 stocks retail investors bought in covid sell-off
01/12/2020  Beaten-down travel stocks and BNPL providers featured heavily, says nabtrade’s Gemma Dale.
How retail investors seized on covid sell-off
30/11/2020  Many people were waiting for the opportunity to buy shares at historic discounts, says nabtrade’s Gemma Dale.
AMP: difficulties now, but dividends later
27/11/2020  The 171-year-old wealth manager has had its scandals but there's merit to its turnaround strategy and the quality of its other assets, says Morningstar's Shaun Ler.
'Be careful using buy now pay later'
27/11/2020  BNPL products such as Zip Co help boost consumer spending but they come with risks and are overvalued, says Morningstar analyst Shaun Ler.
Hamish Douglass: Winners and losers in the covid era
26/11/2020  The Magellan co-founder argues the ecommerce acceleration is here to stay and ponders the effect it will have on other sectors such as travel and commercial real estate.
A 'wonderful hunting ground'
25/11/2020  Greg Dean of Cambridge Global Asset Management explains why the consumer services sector has yielded healthy returns.
Hamish Douglass and big tech
25/11/2020  Magellan's co-founder explains which tech behemoth the Magellan Global Fund no longer owns, why one was too tricky to value, and why regulation is no threat.
Hamish Douglass: 'We're lucky this pandemic hit when it did'
24/11/2020  Magellan's co-founder on why 2020 resembles 2000 and why covid-19 is a dry run for something that could be much worse without proper planning.
Should you beef up your exposure to meat processors?
23/11/2020  Their shares have gotten hammered this year. Are they opportunities or value traps?
What is the Morningstar ESG Commitment level?
20/11/2020  Our new rating highlights the degree to which a fund or asset manager considers environmental, social, and governance issues.
What's driving the flows into ESG funds
19/11/2020  Morningstar's Grant Kennaway explains why sustainable funds are increasingly popular and why they're performing well. 
Too much upside baked into Bunnings: Morningstar
17/11/2020  Morningstar director of equity research Johannes Faul looks at home improvement retailer Bunnings.
What is ESG?
16/11/2020  From climate change to workers' rights, ESG is a big part of the investing world. We're at the Morningstar whiteboard board to explain what it means and why it matters.
"I'm still cautious": Peter Warnes' best ideas for income investors
12/11/2020  We're not out of the woods yet, says our head of equity research, as he looks for safety in businesses we can't live without and shies away from the banks. 
Is it time to get exposure to China?
11/11/2020  Perhaps it is time to have exposure to this economic powerhouse and its 1.4 billion population, says Morningstar's Peter Warnes.
Tapping into the contactless spending boom
10/11/2020  What happens when you buy something when your bank card? Morningstar analyst Niklas Kammer explains which companies are benefiting from your transaction.
Can luxury stocks recover from covid?
09/11/2020  With travel bans and economic lockdowns, the luxury sector has been hit hard in 2020. But there are still opportunities, says Morningstar analyst Jelena Sokolova.
US election scenarios and what they mean for investors
05/11/2020  A discussion of taxes, stimulus, regulation, and the likely market reaction as results from the 2020 poll come in. 
Don't try to time elections
03/11/2020  Why you should resist the urge to make predictions when there's a disconnect between the economy and security prices.
3 names on the alternative protein shelf
02/11/2020  Etoro analyst Josh Gilbert shares his thoughts on Beyond Meat and two other companies making inroads into the plant-based meat sector.
Hamish Douglass: I'd be super surprised if Trump won
30/10/2020  The Magellan rainmaker explains why he doubts the Republican leader will prevail and why investors should brace for volatility—and ignore it. 
Gauging the appetite for alternative protein
29/10/2020  The market for plant-based meat is worth $14bn today and is expected to grow massively, says eToro's Josh Gilbert.
Browsing the opportunities aisle in retailing
28/10/2020  Morningstar equity analyst Johannes Faul explores the flipside to the surge in growth in online sales.
3 top Asian picks on Longlead's radar
22/10/2020  China and Hong Kong have been a happy hunting ground, says Longlead Capital Partners' co-founder Andrew West, who singles out tech, pharmaceuticals and power tools.
3 undervalued travel stocks we like
22/10/2020  These names stand to benefit from a resumption of leisure travel - and are all trading below our fair value estimates.
3 reasons to like bonds
20/10/2020  Morningstar's Mark Preskett looks at three reasons why bonds are an important tool in your investment portfolio.
The monopoly asset that could boost Link
19/10/2020  A bigger stake in the online conveyancer PEXA could be the key to increasing Link Administration's revenue, says Morningstar's Gareth James.
How Longlead Capital defied the covid plunge
16/10/2020  Longlead Capital Partners co-founder Andrew West reveals how his Asia-focused fund managed to make gains during the historic covid-19 sell-off.
Investing basics: why invest in bonds?
16/10/2020  The investment board is back with an explainer on why you might invest in bonds.
Retiring during a pandemic
13/10/2020  How to handle this decision—even when it is made for you.
3 top picks in sustainability and software
12/10/2020  Nick Griffin of Munro Partners reveals why and where he sees opportunities in renewable energy, diagnostics and software. 
Investing basics: what's your personal inflation rate?
09/10/2020  Take stock of your spending to determine if inflation is an issue for you.
Ant Group IPO: What you need to know
09/10/2020  Morningstar analyst Chelsey Tam explains why investors are excited about the flotation of Ant Group and why it's different from Alibaba.
Spotting the winners of tomorrow
06/10/2020  Companies that address the growing demand for decarbonisation will have a 20-year growth opportunity, says Nick Griffin of Munro Partners.
An interview with Whitehaven Coal chief Paul Flynn
30/09/2020  EXCLUSIVE EXTRACT: Morningstar's Mat Hodge and Lex Hall talk to the CEO of the independent producer and exporter about the company's fortunes and its future.
How to get rich slowly
30/09/2020  Slow and steady wins the financial race.
3 top picks in global healthcare
29/09/2020  American Century Investments' low-turnover strategy invests in companies developing vaccines, treatments for neuro-cognitive diseases and innovations in telemedicine.
Investing in the healthcare needs of the future
25/09/2020  By 2050, almost 20 per cent of the global population will be over 65 and demand for healthcare will climb, says Michael Li of American Century Investments.
Morningstar's Mat Hodge on Rio's fortunes
22/09/2020  The destruction of an indigenous cave shelter was unforgiveable but there are other reasons why the iron ore heavyweight is overvalued.
Cannabis: the world in 2030
21/09/2020  Morningstar equity analyst Kristoffer Inton on the outlook for the seven producers under coverage.
3 top picks for the EV revolution
18/09/2020  Morningstar's Seth Goldstein singles out three undervalued stocks that span the entire electric vehicle supply chain.
The 2020 election and your portfolio
18/09/2020  The bumps and bruises of election time may tempt you to shift your portfolio strategy.  
'The tech rally has gone too far'
17/09/2020  UK-based Premier Miton's Simon Evan-Cook says the tech rally of 2020 is reminiscent of the dotcom boom, but inflation could be a bigger threat.
Why EVs will be a common sight on the roads of the future
16/09/2020  By 2025, the cost of batteries and manufacturing will fall and EV functionality will improve, says Morningstar's Seth Goldstein.
Using personal data to better estimate retirement savings
11/09/2020  Estimating the length of your retirement with personalized information will help you save the correct amount.
2 China stocks we like
09/09/2020  Morningstar's Chelsey Tam reveals which stocks and sectors have shone—and which have underwhelmed.
How to be a better investor: episode 3
28/08/2020  Products, services, what is what in the world of finance—and how to look out for yourself
Where to invest for income
24/08/2020  A raft of companies have cut their dividends this year, leaving income investors concerned. But Morningstar's Dan Lefkovitz says there are still plenty of options out there.
DNR Capital's eye for gaming, building supplies and software
18/08/2020  DNR Capital's chief investment officer Jamie Nicol profiles some of the top ten holdings in his Australian Equities High Conviction fund. 
The trouble on Telstra's horizon
17/08/2020  Morningstar's Brian Han explains why he has trimmed his fair value estimate for Australia's dominant telco and the future of its dividend payout.
Finding bargains the market overlooks
14/08/2020  DNR Capital's Jamie Nicol reveals how his Australian Equities High Conviction fund finds quality businesses that will endure difficult conditions.
How to be a better investor: episode 2
13/08/2020  Put your money to work if you're looking for financial freedom.
How to be a better investor: episode 1
10/08/2020  Learn how to picture your goals so you can better reach them.
3 undervalued names in childcare
05/08/2020  Morningstar's Gareth James identifies three sector names trading at attractive discounts in an increasingly 'essential' sector.
Is the 60/40 portfolio dead?
05/08/2020  Reports of the strategy's demise are greatly exaggerated, says Morningstar's Christine Benz.
Why you should ignore a fund's yield
04/08/2020  Investors may assume a fund's yield to determine how much income it will pay, but it's not always so simple, warns Morningstar analyst Rajesh Yadav.
What are the right bonds for retirees today?
03/08/2020  It depends on your expectations and timeframe. Look at bonds as being portfolio stabilisers—sources of cash flow you can draw on when your equities are down, says Christine Benz.
3 top picks in rail, roads and utilities
28/07/2020  When utility stocks plunged during the onset of the pandemic Lazard Asset Management's Warryn Robertson knew it was time to jump in.
Infrastructure stocks in the covid era
24/07/2020  Lazard Asset Management's Warryn Robertson looks at how the pandemic has affected toll roads and airports and what the future of travel holds.
ESG stocks shine in covid-19 crisis
23/07/2020  Morningstar analyst Tancrede Fulop singles out a few companies that have performed well and also led the way in looking after staff. 
Stock-picking: Have you got what it takes?
21/07/2020  New stock-pickers are prone to lose money. Are the lessons worth the price? We ask Morningstar's Christine Benz.
Why mining stocks aren't yield plays
20/07/2020  Elevated iron ore prices have lifted mining company earnings to eye-watering levels but this doesn't make them income stocks, says Morningstar's Mat Hodge.
Commodity stocks riding high, but for how long?
17/07/2020  Local miners should deliver stellar fiscal 2020 results but such outperformance is unlikely to last, says Morningstar’s Mat Hodge.
The rise and rise of Amazon
17/07/2020  --
Should your portfolio shift when the economy slumps?
16/07/2020  How to make some upgrades during this down time.
Will Airbnb IPO or what?
16/07/2020  Covid-19 has made the intended public offering impossible, says Morningstar's Andrew Willis.
3 Japanese stock picks
15/07/2020  JPMorgan's Nicholas Weindling talks opportunities in Japan and reveals the stock that has been his largest holding for almost a decade
Small cap stocks: 'Inevitably, we see it all end in tears'
15/07/2020  The asset class has a habit of outperforming but Morningstar's Ross MacMillan sees signs of a bubble.
A trio of growth stocks
13/07/2020  Rachel Winter of UK fund manager Killik & Co talks payments, social media and investing in her monthly stock pick round-up
3 reasons healthcare is showing fit performance
09/07/2020  And what we expect to see moving forward.
Same old story: growth beats value
07/07/2020  Large growth maintains its supremacy in the Morningstar Style Box during a volatile first half for mutual funds. 
Nikko's 3 top Asian picks
06/07/2020  Nikko Asset Management's Peter Monson looks for strong sustainable returns and he sees that in Asian stocks that span financial exchanges, computer game makers and condiments suppliers.
How appealing are Asian stocks?
02/07/2020  China’s ongoing recovery from COVID-19 presents solid investment opportunities, says Nikko Asset Management.