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markets

Firstlinks newsletter - 27 February

Ignore the noise and sit on your hands; Kunal Kapoor on investor success; are sin stocks good; coronavirus effects; insurance pricing; poll results.
funds

Fidelity International named Morningstar Fund Manager of the Year

Fidelity International scores twice at the Morningstar fund manager awards.
markets

Note from the editor - 29 February

Mission coronavirus; airlines and retail feel the fallout; why volatility is your friend; Buffett's faith in equities; beware yield ETFs; gold glistens; ESG investing. 
retirement

Is your SMSF strategy legal?

You must explain how your fund's assets meet your investment return and income needs, the tax office says.
fixed-income

The case for emerging market debt

Lazard Asset Management's Arif Joshi demystifies emerging market debt and explains why it can offer excess yields.
personal-finance

Investing basics: A down-market survival guide for retirees

These five steps can help you take back control in uncertain times.
stocks

The new medical device company to watch

Spray-on skin maker Avita Medical has a chance of becoming the new standard in burns treatment, says Morningstar's Nicolette Quinn. 
markets

Global Market Report - 29 February

Australian stocks are poised to extend their losses to a fifth day after another rout on most global markets.
stocks

Woolworths dodges the virus fallout

The supermarket giant’s supply chains are unaffected but it’s priced to perfection, Morningstar says. 
markets

Hold cash, position defensively: asset managers react to outbreak

Strategists from Morningstar, Vanguard, BlackRock, Investors Mutual and other firms weigh in.
investing

Helping financial advisers help investors

Financial advice can deliver value but we must do a better job of showing what that is and measuring it, says Morningstar chief executive Kunal Kapoor.
funds

Morningstar Rating for Funds

The Morningstar Rating for Funds, often called the Star Rating, is a data-driven rating that measures how well a fund has performed compared to similar funds.
stocks

The Morningstar Fair Value Estimate

The Morningstar Fair Value Estimate tells investors what the long-term intrinsic value of a stock is, helping them see beyond the present market price.
stocks

The Morningstar Economic Moat Rating

The Morningstar Economic Moat Rating represents a company's sustainable competitive advantage. A company with an economic moat can fend off competition and earn high returns on capital for many years to come.
stocks

The Morningstar Rating for Stocks

The Morningstar Rating for stocks can help investors uncover stocks that are truly undervalued, cutting through the market noise.
markets

Global Market Report - 27 February

The Australian share market is set to open lower as investors watch for more news on the coronavirus outbreak that threatens to hurt the global economy.
stocks

Silver lining in G8's negative result

Australia's second largest childcare operator has had a rough ride but Morningstar says demographic tailwinds will help the company reverse its fortunes.
markets

Will gold prices keep rising?

Gold is the pre-eminent safe haven investment asset and had a strong run in 2019. But looking ahead, Morningstar analysts are less bullish.
personal-finance

'ESG is about building a portfolio for outperformance'

Morningstar CEO Kunal Kapoor explains the importance of ESG investing and why it's not simply a matter of avoiding guns, smokes and booze.
etfs

Adviser Research Centre: Managed Fund and ETF Model Portfolios

Morningstar Australasia's Director of Manager Research Tim Murphy provides the rationale behind Morningstar's approach to constructing its ETF and Managed Fund model portfolios.
stocks

4 takeaways from Berkshire Hathaway's shareholder letter

Warren Buffett addresses Berkshire Hathaway after his exit, the problem with corporate boards, and why equities are still the place to be long-term.
markets

Global Market Report - 26 February

Australian shares face another hammering after big falls on US equity markets overnight following a warning for Americans to prepare for the coronavirus. 
stocks

Earnings wrap: Coronavirus strikes again, travel stocks in the crossfire

Sydney Airport, Auckland Airport and Qantas have been jostled by the outbreak, but analysts remain upbeat for the future.
stocks

NIB, Medibank earnings point to sector-wide weakness

Private health insurers are suffering as Australia's ageing population pushes up medical costs.
personal-finance

Volatility is here to stay - here's what to do

Morningstar's director of personal finance Christine Benz explains how investors - young and old - should navigate how the coronavirus, the US election and frothy stock prices.
markets

Global Market Report - 25 February

Australian stocks are set to dive again after fears about the spread of the coronavirus sparked a major sell off on global markets overnight.
etfs

Morningstar dumps Aussie yield ETF play from coverage

The BetaShares passive fund YMAX is expensive and its returns trail the index, says Morningstar.
stocks

Rising jobless rate hits retail

Shopping mall operator Scentre Group and consumer electronics retailer JB Hi-Fi suffer as rising unemployment adds to poor wages growth and high household debt.
markets

Morningstar runs the numbers

We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended 21 February.
stocks

Why mining dividends are a flash in the pan

A near-record dividend payout from BHP reflects high iron ore prices and miners flush with cash, but these conditions won’t continue long-term, says Morningstar’s Mat Hodge.
markets

Global Market Report - 24 February

The ASX is expected to decline when it opens this week due to fears coronavirus is spreading across Asia and will increasingly impact global economic activity.
markets

Note from the editor - 22 February

Low rates 'for decades'; emerging market debt; virus and Chinese tech stocks; Aussie's fall; $1.5 trillion fund merger; portfolio rebalancing; earnings; tyranny of Theranos.
funds

Fund spy: efficiency and diversification of SMAs

Separately managed accounts offer some of the same benefits as managed funds, but without the pooled structure, providing greater visibility and control.
stocks

Beleaguered Pact turning a corner

The specialist packaging group has again withheld a dividend but margins are improving and it’s putting the money to good use, says Morningstar’s Grant Slade.
personal-finance

Investing basics: what your spouse must know about investing

Could your partner handle these issues without you?
stocks

Earnings wrap: Coronavirus hits WiseTech and Crown

Australian companies are suffering the consequences of the deadly coronavirus outbreak in China.
markets

Global Market Report - 21 February

Australian shares are poised to open softer following a record high on the local market and after US markets soured following a rise in coronavirus cases.
stocks

Investors ignore Wesfarmers, Coles risk at their peril

The disconnect between Wesfarmers' 3 per cent dip in operating profit for first-half 2020 and its "ritzy" share price is a prime example of investors ignoring risk, Morningstar says.
stocks

Chinese internet firms may prove immune to coronavirus

Ecommerce, online entertainment, education, and business services may see faster adoption rates in the long term, says Morningstar’s Chelsey Tam.
markets

Firstlinks newsletter - 20 February

Low rates for decades; Equity managers in cash; Not real disruption; Sustainable returns; Move to alternatives; No super mega fund; Check on SMSFs.
markets

Global Market Report - 20 February

Australia's share market is set to follow global markets higher as coronavirus fears abate.
stocks

Upbeat Carsales result defies flagging auto sales

Carsales.com's latest result proves there's life in the auto sector yet, despite the death of General Motors' Holden brand earlier this week.
funds

Fund giant Franklin Templeton to buy rival Legg Mason

$4.5 billion deal will put the combined group, which has $1.5 trillion in assets, in the top six of global asset managers by size.
stocks

Best Stock Ideas webinar | February 2020

Morningstar's Director of Equity and Credit Research Australia & New Zealand, Adam Fleck, is joined by members of the research team to discuss February's Best Stock Ideas list.
stocks

Brambles’ growth story intact despite headwinds

Wide-moat logistics company Brambles is poised for long-term growth following strong gains in its operations in the Americas.
stocks

Oil price fears boost Woodside's investor appeal

Investors are underestimating the growth potential of the Australian oil and gas company Morningstar says, as coronavirus dampens oil prices.
markets

Global Market Report - 19 February

Australians shares are poised for a cautious open after US markets and oil slid overnight on a coronavirus scare.
stocks

Telstra faces Vodafone-TPG tie-up

Morningstar equity analyst Brian Han reckons the Vodafone-TPG is a 75pc chance of proceeding but says there's a risk of overestimating its effect on Telstra.
stocks

Magellan on track to crack $150bn, but analysts wary

Hamish Douglass’s equities juggernaut screens as expensive despite a profit surge and higher dividend.
markets

Dollar’s slide good for investors looking offshore

A fall in the Australian dollar magnifies returns when international assets are converted into local currency. Conversely, a rise in the Aussie would decrease returns.
markets

Morningstar runs the numbers

We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended 14 February.
stocks

AMP posts $2.5bn loss, dividend cut

AMP Limited has slumped to a full-year net loss and will not pay a final dividend.
personal-finance

What Theranos can teach us about human behaviour

Lessons from the fall of grace of the woman once considered to be the 'new Steve Jobs'.
markets

Global Market Report - 18 February

Australian shares are set for a flat opening as investors wait to take leads from local profit results and news.
stocks

Challenger bolstered by rising offshore demand

A Japanese sales bonanza and rapid returns from Challenger's UK pensions business have improved Morningstar's outlook for Australia's largest annuities company.
etfs

State Street closes fee gap as ETF investors chase value

State Street Global Advisers cuts fees, this time on its ASX200-tracking ETF.
stocks

Opportunity knocks with Chinese shares

China’s new economy sectors are forecast to rebound from the short-term sell-off and continue to do relatively well.
etfs

Staying on target: Portfolio rebalancing and ETFs

Exchange-traded products can help investors strike the delicate balance between being too hands-on with their portfolios and fiddling too much. 
markets

Global Market Report - 17 February

Australian shares are expected to dip when trading resumes this week, with investors feeling cautious as the market teeters near record highs.
markets

Coronavirus: Market reaction in 6 charts

Global market reaction to the coronavirus outbreak has been mixed: Chinese shares have slumped, gold and the Japanese yen have rallied, but US stocks have bounced back quickly
markets

Note from the editor - 15 February

Telstra's rough week; Vodafone-TPG merger; CBA and CSL shine but remain overvalued; coronavirus gets a grim new name; sustainable investing; Aussie QE?
stocks

CBA result puts dividend fears to bed, NAB on track

Despite a profit dip there are many positives for CBA, including growth in mortgages and deposits and a strong balance sheet, says Morningstar equity analyst Nathan Zaia.
personal-finance

Investing basics: budget for a life together

Creating a joint budget is one of the first steps to a happy financial union.
funds

Fund Spy: Australian ethical funds bridging the gap

The performance gap between these Australian ESG funds and their plain vanilla equivalent is narrowing, but gains are in lock-step with rising oil and commodity prices.
markets

Global Market Report - 14 February

Australian shares look set for a quiet end to the week after world health officials eased fears of a sharp rise in coronavirus cases.
stocks

Doubts over James Hardie's bullish outlook

The building materials supplier's long-term North American market share forecast is too ambitious, says Grant Slade 
stocks

UPDATED: Your guide to February Reporting Season 2020

Never miss a result. See Morningstar's handy list of more than 150 companies under coverage that will release earnings results during February Reporting Season.
stocks

JB Hi-Fi’s profit soars but Amazon looms large

JB Hi-Fi has staved off the Amazon threat for now, posting record profits and strong summer sales in the second half of 2019.
personal-finance

ESG and sustainable investing: a guide

Many people believe they will sacrifice return if they invest in line with their beliefs, so they figure they should hold their nose and stick with conventional investments. Not true!
markets

Firstlinks newsletter - 13 February

Cash is not just cash, is Aussie QE here? NAB hybrid contest, hold your winners, property flows, retirement gap, advice reduces worries, total return.
markets

Global Market Report - 13 February

The Australian share market is tipped for another rise after positive sessions on global markets as fears about the economic impact of the coronavirus eased.
stocks

Earnings: Transurban good first half, but Sydney disappoints

Transurban has confirmed a higher first-half payout on a toll revenue boost, despite a softening in traffic growth on several Sydney and Melbourne roads over the past six months.
stocks

Could Coronavirus hit China's luxury boom?

Morningstar analyst Jelena Sokolova looks at the potential impact of the coronavirus on the luxury goods sector.
stocks

Fortescue faces uphill climb

The near-term outlook for Fortescue Metals Group is strong but the twin tailwinds of high iron ore prices and buoyant Chinese demand may fade, says Morningstar.
personal-finance

Putting a price on financial advice

A 12 per cent spike in the cost of financial advice may be a deterrent, but have you thought about how much money your adviser could be saving you?
funds

Morningstar Australia Awards 2020: Finalists announced

A complete list of the nominees for the 2020 Morningstar Australia Awards. 
personal-finance

A tipping point for sustainable investing

Investors are realising they must better understand how climate change is affecting their investments at the asset-class, regional, industry, and company levels.
markets

Global Market Report - 12 February

A flat open is tipped for Australian shares even though major US and European markets surged to fresh records overnight amid renewed coronavirus hopes.
stocks

Is there a window of opportunity at Boral?

Is there a window of opportunity at Boral? The buildings products maker has fallen 45 per cent since its high of $8.22 in February 2018.
etfs

Broaden your income with emerging markets debt

Emerging market bonds have generated returns of about 7 per cent over the past 15 years and ETFs offer a way to gain exposure to this asset class.
markets

Morningstar runs the numbers

We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended 7 February.
retirement

Adding kids to your SMSF

Mixing money with family can be a recipe for disaster. But there are benefits in adding children to a self-managed super fund, providing it is carefully managed.
markets

Global Market Report - 11 February

The Australian share market is heading for a rise after positive US data prompted a bounce on Wall Street.
stocks

High house prices mask Mirvac's looming risks

Buoyant house prices underpinned Mirvac's interim profits for the first-half of fiscal 2020 but margins are at risk longer-term, says Morningstar.
stocks

Earnings Week 1: News Corp, Genworth, REA

News Corp posts weak result as it tries to trim the fat while housing conditions have boosted the fortunes of Genworth and REA Group.
stocks

4 healthcare stocks attractive on valuation and ESG risk

Morningstar's Karen Andersen explains how environmental, social and governance issues affect Big Pharma and biotech companies.
markets

Global Market Report - 10 February

Australian shares look set to open flat amid renewed global concerns about the coronavirus outbreak.
markets

Coronavirus dents shares, but impact may be limited

The outbreak will weigh on the earnings of leisure and education companies and those selling consumer goods into China, but experts say the effects will be short-term.
stocks

A tale of 3 dividend stocks

Government moves to cut power prices are hurting utility company AGL, as fellow yield stocks Shopping Centres Australasia and Dexus deliver stable interim results.
markets

Note from the editor - 8 February

The case for Whitehaven Coal; spray-on value: Avita Medical; how Morningstar finds its Best Ideas; Neobanks; gold ETFs; Noel Whittaker turns 80.
stocks

Coal case: why Whitehaven is a Best Idea

Lower costs, higher prices, and demand from Asia: key reasons why the miner's shares are going cheap, says Morningstar director of equity research Mathew Hodge.
personal-finance

Investing basics: 6 tips for finding sustainable dividends

Do you know how to spot a pseudo dividend? How can you tell if a company is putting its money where its dividend mouth is?
markets

Global Market Report - 7 February

Australian stocks look set to open slightly higher, buoyed by optimism on global markets.
funds

Are you happy paying LIC kickbacks?

Thousands of Australian investors are paying extra for listed investment companies because of fees to encourage product sales.
markets

Firstlinks newsletter - 6 February

Noel's Top 20 on his 80th; Hugh Mackay on our future; Cooper on retirement worry; more OK Boomer; global small caps; Future Fund changes; LIC results.
markets

Global Market Report - 6 February

Australian shares are poised for another climb after US and European markets rose on positive economic data and news of a possible coronavirus vaccine.
personal-finance

Neobanks take the savings fight to the big four

Online lenders offer ease and alluring rates but is it enough for you to close your account with a big four bank?
markets

Coronavirus: impact and opportunity

History shows that markets have rebounded from global epidemics and while there’s a short-term hit there are also discounts
markets

Global Market Report - 5 February

Australian stocks look set to rise following a rebound in most markets as China's stimulatory measures calm fears about the impact of the coronavirus. 
stocks

Morningstar starts coverage of spray-on skin maker Avita Medical

Spray-on-skin maker Avita has had runaway success on the ASX. And it's not done yet, says Morningstar's Nicolette Quinn.
stocks

Coronavirus sends leisure stocks into buy zone

The outbreak is cutting a swathe through markets but the sell-off means 11 travel and leisure companies, including three from Australia, hold renewed appeal.
stocks

First Solar's future bright if it can eclipse rivals

The clean energy company should continue to appeal but must stave off competitors and continue boosting efficiency.
stocks

Two of Morningstar's Best Ideas

Morningstar's Adam Fleck explains how his team decides on which names to recommend and reveals a stock that is trading at a 30 per cent discount to its fair value estimate.
markets

Global Market Report - 4 February

Australian stocks are poised for a flat open despite a rally in US stocks overnight, including strong gains among tech stocks, and surprise strength in US manufacturing. 
stocks

How to invest in clean renewable energy stocks in Australia

As Australia's devastating bushfire season brings climate change to the fore, these stocks and funds provide an entry point for investors seeking clean energy exposure.
markets

Morningstar runs the numbers

We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended 31 January.
stocks

Whitehaven joins spray-on-skin maker in Best Ideas list

Demand for coal is expected to rise in Asia, while regenerative skin maker Avita is gaining ground in the US.
stocks

Behind Morningstar's Global Best Ideas list

A margin of safety and high analyst conviction are just two of the criteria behind this monthly selection of stocks for your watchlist, says Morningstar's Adam Fleck.
markets

Morningstar runs the numbers

We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended 24 January.
markets

Global Market Report - 3 February

Australia's share market is expected to follow the US down amid continued fears about the impact on the global economy of the coronavirus.
markets

Note from the editor - 1 February

Outbreak of investor complacency; China investment opportunities; TWE's sobering news; ESG stock picks; stewardship; Jack Bogle legacy; risks of a pay rise.