The $630 Billion Active-ETF Boom Is Dominated by Top 10 Players [Financial Post (Toronto, Ontario, Canada)]
Morningstar, Inc. (MORN)
US:NASDAQ Investor Relations:
shareholders.morningstar.com/investor-relations/default.aspx
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Morningstar Inc. is sounding a warning to Wall Street money managers looking to pounce on one of the hottest trends of the past few years: the breakneck rush into active exchange-traded funds. While this breed of fund has attracted record sums of cash in recent years, it's no “panacea” for managers, according to a Morningstar report published this week. In fact, 74% of the nearly $630 billion in US active ETFs is controlled by the top 10 issuers in a field of about 320 firms that have embraced the wrapper — meaning that the pool of companies benefiting from the asset boom is exceedingly small. Article content Article content The research is a cautionary tale to money managers who have watched billions of dollars drain from actively managed mutual funds in favor of the lower cost, tax-efficient ETF wrapper. That dynamic has spurred an arms race a
Show less
Read more
Impact Snapshot
Event Time:
MORN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MORN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MORN alerts
High impacting Morningstar, Inc. news events
Weekly update
A roundup of the hottest topics
MORN
News
- VanEck Wide Moat Strategy Now Available on AssetMark SMA Platform [Yahoo! Finance]Yahoo! Finance
- Morningstar, Inc. Reports First-Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Morningstar, Inc. Reports First-Quarter 2024 Financial ResultsBusiness Wire
- New Morningstar Report Sheds Light on Rapid Expansion of Active ETFs [Yahoo! Finance]Yahoo! Finance
- New Morningstar Report Sheds Light on Rapid Expansion of Active ETFsBusiness Wire
MORN
Analyst Actions
- 2/26/24 - TheStreet
MORN
Sec Filings
- 5/3/24 - Form 4
- 5/1/24 - Form 144
- 4/26/24 - Form 10-Q
- MORN's page on the SEC website