About the Editor
Alex Bryan, CFA, is director of passive strategies for North America at Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. Before assuming his current role in 2016, Bryan spent four years as a manager analyst covering equity strategies. Previously, he was a project manager and senior data analyst in Morningstar's Data department. He joined Morningstar in 2008 as an inside sales consultant for Morningstar Office.

Bryan holds a bachelor's degree in economics and finance from Washington University in St. Louis, where he graduated magna cum laude, and a master's degree in business administration, with high honors, from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation. In 2016, Bryan was named a Rising Star at the 23rd Annual Mutual Fund Industry Awards.


Investment Strategy
Morningstar ETFInvestor scans the globe for value and improving fundamentals across virtually all asset classes. Editor Alex Bryan draws upon academic and practitioner research — including Morningstar's sizeable bench of stock, bond and fund analysts — to find reliable drivers of outperformance.

Morningstar ETFInvestor features four model portfolios.

The Basic Portfolio harnesses the market's collective wisdom with ultra-low-cost funds and is the baseline portfolio against which the three other portfolios will be compared.

The Defensive Portfolio aims to provide lower volatility, better downside protection, and better risk-adjusted performance than the basic portfolio over the long-term.

The Factor Portfolio is designed to earn higher returns than the basic portfolio over the long-term.

The Income Portfolio attempts to earn a higher distribution yield than the basic portfolio, without taking a lot more risk.

 
About Editor Editor's Photo
Alex Bryan, CFA,
Director of Passive Strategies for North America and Editor
Alex Bryan, CFA, is director of passive strategies for North America at Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. Before assuming his current role in 2016, Bryan spent four years as a manager analyst covering equity strategies.Previously, he was a project manager and senior data analyst in Morningstar's Data department. He joined Morningstar in 2008 as an inside sales consultant for Morningstar Office.
Featured Posts
New Issue: The Market Is Evolving, Should Your Portfolio?

The PDF version of the September issue of ETFInvestor is now available for download.

If the link above doesn’t work, you can download this month's issue by copying this address into your browser: http://etf.morningstar.com/Newsletter.aspx?download=currentIssue

The cover story of the September issue explores how the market is changing and what, if anything, investors should do about it. Disruptive innovation and changing consumer preferences are transforming the business landscape. This has helped growth and tech stocks beat the market by a wide margin over the past decade, as their valuations have soared, much as they did in the late 1990s. Investors have been burned by this before, but there are important distinctions between now and the late 1990s. Unlike then, many of the market’s darlings are now growing profitably or are on track to reach profitability in the near term and have estab­lished or are digging economic moats.

The key question is whether the market is accurately valuing stocks’ growth opportunities. If market history can teach us anything, it’s that investors typically don’t undervalue growth, particu­larly when the valuation gap between value and growth stocks is unusually wide, as it is now. That said, there may be some pockets of growth the market is undervaluing. While the market isn’t perfect, it’s tough to beat over the long term. There’s nothing wrong with sticking to a total stock market index fund and letting it do the work for you.    

Here, you’ll also find content about:     

  • How the Defensive Portfolio has performed this year and how it might look with a trend-following ETF
  • ARK Innovation ETF ARKK and SPDR Russell 1000 Yield Focus ETF ONEY
  • Tactical ideas to profit from a strong economic recovery from the pandemic
  • Why foreign stocks have underperformed over the past decade and whether they still have a role in U.S. investors’ portfolios

Best,

Alex

Most Popular ETFs
ETF Name
YTD Rtn %
3 Yr Rtn %
Trading Vol.
NASDAQ 100 Trust Shares
-10.76
1.45
125,000,944
SPDRs
-3.64
2.68
87,466,496
Semiconductor HOLDRs
-6.23
-11.66
26,838,700
iShares MSCI Japan Index
-6.59
7.18
17,256,500
iShares Russell 2000 Index
-7.46
6.43
16,210,700
Energy Select Sector SPDR
15.88
15.50
14,900,000
Financial Select Sector SPDR
-8.42
2.61
11,612,800
DIAMONDS Trust, Series 1
-3.75
2.21
7,350,600
Utilities Select Sector SPDR
6.84
6.82
3,848,200
Materials Select Sector SPDR
-4.31
8.50
2,179,300
 
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