Cliff Asness's AQR Slams Buffer-ETF Boom on ‘Investment Failure' [Yahoo! Finance Canada]
Morningstar, Inc. (MORN)
US:NASDAQ Investor Relations:
shareholders.morningstar.com/investor-relations/default.aspx
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg New research from the Greenwich, Connecticut-based quant manager argues that so-called buffer or defined-outcome strategies, which now command an estimated $50 billion in exchange-traded fund assets, are no free lunch. After dissecting the performance of 99 strategies in Morningstar Inc. data, the firm finds that the majority of these allocation styles have underperformed vanilla portfolios over the past five years, including a strategy that builds the same equity exposure with a passive index, while investing the rest in Treasuries. Principal Daniel Villalon finds that only a fraction of the cohort posted stronger risk-adjusted returns than this straightforward allocation mix. Put simply, the money manager — which sells systematic-like products for diversification-minded investors — says there are better portfolio hedges out there. “It's an investment failure,” Villalon said in a phone interview, after publishing research endorsed by the firm's co-fo
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News
- New Quarterly Report from Morningstar and PitchBook Brings Transparency to Rapidly Expanding Evergreen Fund UniverseBusiness Wire
- Micron outlook's 'monster numbers' are the real earnings story [Yahoo! Finance Canada]Yahoo! Finance Canada
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- How Morningstar's Higher Dividend and Rating Revamp Could Reshape the Outlook for MORN Investors [Yahoo! Finance]Yahoo! Finance
MORN
Analyst Actions
- 10/30/25 - UBS
MORN
Sec Filings
- 12/15/25 - Form 4
- 12/5/25 - Form 8-K
- 11/26/25 - Form 4
- MORN's page on the SEC website