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Top performing KiwiSaver funds of the last decade
Morningstar tracks the market and says Milford Asset Management and Generate are topping the table on a 10-year basis. Milford was the top performer in the conservative category, with 5.7% a year. Generate was top of the moderate funds, at 5.2% and aggressive Funds, at 9%.
Why have investors lost money in 'conservative' KiwiSaver funds? Some of the worst fixed interest performance on record has dragged down returns. Morningstar data shows that in the year to December 2022, the average conservative fund loss was 7.3%.
10 top cheap stock picks for November: Morningstar Morningstar analysts have compiled their list of the 10 best cheap stocks to buy in November. All of them of them are at least 30% below their fair value right now.
8 cities where home values are soaring the most in the US, including 5 with median prices still under $260,000 — and 5 where prices are plummeting the fastest Morningstar published its Q4 Markets Observer note. The firm highlighted cities where home prices are rising and falling the most. Those rising the most include Cincinnati, Houston, and Philadelphia.
Buy these 12 high-quality stocks that are up to 42% below their fair market value as Fed rate hikes begin to hit the economy hard, according to Morningstar's chief strategist and economist Rising rates, economic uncertainty, and spiking yields have caused the market to sell off. The economy will slow until mid-2024, according to Preston Caldwell. Investors should be overweight in value stocks, says Morningstar's Dave Sekara.
Why Target Date Funds Fail Investors: A $3 Trillion Delusion Morningstar estimates that as of 2022, there is nearly $3 trillion invested in target date mutual funds. Time dictates the funds’ allocation between stocks and bonds, not the traditional metrics investors use.
KiwiSaver loses $1b on negative returns - best and worst fund revealed The total value of KiwiSaver slipped by $1.3 billion to $96.2b. Most mixed funds booked negative returns in the September quarter. Morningstar research showed most multi-sector funds made returns of between -1 per cent.
"Cardboard Box Recession" An Ominous Sign Of Faltering Consumer, Schwab Warns Charles Schwab analyst Jeffrey Kleintop said the US was sliding into a "cardboard box" recession as consumers and small businesses were pressured by soaring interest rates and elevated inflation. "I find comfort looking at the plunging demand for cardboard boxes," he told Morningstar's The Long View podcast.
Going Tough But Albertsons Moves Kroger Deal Ahead With Store Sale Albertsons beat expectations as stores sell-off eases way to Kroger merger. Analyst Morningstar pointed to the proposed divestment of 413-650 AlberTSons stores to C&S.
Morningstar: These are the 33 top undervalued stocks to buy now that the market is finally cheap after last month's sell-off The stock market has dropped 4.5% since the end of July. Morningstar's David Sekara says the market looks undervalued for the first time in a long while. Sekara: Growth stocks bore the brunt of the recent market downturn.
Bigger is better: Risky small stocks not worth the reward Morningstar measured the performances of the S&P/ASX Small Ordinaries index against the S&P-ASX 200, the index of the 200 largest Australian-listed companies by market capitalisation. An investor who had placed $10,000 in the small-cap index back then would have seen their investment go up to about $30,000, unadjusted for inflation.
Bigger is better: Risky small stocks not worth the reward Morningstar measured the performances of the S&P/ASX Small Ordinaries index against the S&P-ASX 200, the index of the 200 largest Australian-listed companies by market capitalisation. An investor who had placed $10,000 in the small-cap index back then would have seen their investment go up to about $30,000, unadjusted for inflation.
Money managers are shifting their attitude to ESG as 'realism' sets in, says S&P's Dan Yergin Investors have pulled $635 million from U.S. sustainable funds, according to Morningstar. Global investments in energy transition technologies last year reached $1.3 trillion. But the International Renewable Energy Agency says yearly investments must more than quadruple.
Nike Q1 earnings beat, China revenue misses estimates Morningstar Equity Analyst David Swartz tells Yahoo Finance Live that margins were a little better than he had been expecting. Cathie Wood’s flagship Ark Innovation ETF (ARKK) has still outpaced the broader markets this year. Despite growing bearish macro concerns, the ARK Invest CEO is optimistic her innovation-first approach will continue to deliver.
Retired? You May Want Stocks, Not Bonds, to Power Your Portfolio Morningstar's John Rekenthaler says investing heavily in equities is the best asset allocation for retirement. SmartAsset's free tool matches you with up to three financial advisors in your area.
More ESG Funds in U.S. Closed in 2023 Than in Past 3 Years Combined State Street, Columbia Threadneedle Investments, Janus Henderson Group, Hartford Management Group, and others closed more than two dozen ESG funds this year, according to Morningstar. BlackRock, the world’s largest asset manager and a prominent back of ESG investing, said it would close two “sustainable emerging-market bond funds” with total assets of $55 million.
Analysis-Investors glimpse opportunity in Europe's unloved mining shares Three-month copper on the London Metal Exchange is flat for the year. Front-month Singapore iron ore futures are up nearly 9%. Morningstar estimates China accounts for over 50% of refined copper demand.
Barbie toy sales shoot up 25% after film’s release Barbie toy sales in the US increased 25% for the July-August combined months compared to the same two-month period a year ago. “That’s a significant increase,” said Jaime Katz, an analyst with Morningstar who covers Barbie toy maker, Mattel.
The KiwiSaver fund that made almost 60% in a year The best performing KiwiSaver fund in the year to June was run by a provider with 0.1% market share. Koura’s carbon-neutral cryptocurrency fund had a return of 59.9%. Morningstar data director Greg Bunkall said there was a trend for larger, bank-run KiwISaver schemes to move their money into passive investments.
Investors' shift to low-cost funds brings average fees... Fees for mutual funds and exchange-traded funds fell to a record low last year, according to Morningstar. Investors paid about $37 in fees for every $10,000 invested, down from $40 in 2021. The cheapest 20% of funds attracted $394 billion in net new investment last year.
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