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: Inflation Risk Doesn't Require Complicated Solutions

 

The PDF version of the October 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 October issue explores the impact of inflation on stocks and bonds and the efficacy of inflation hedges. While central banks around the world have been pumping money into the market, inflation in the U.S. has remained remarkably low since the global financial crisis. It’s possible that the U.S. might be following in Japan's footsteps, where inflation has been stubbornly low since the early 1990s, despite the central bank's best efforts. However, the Fed is trying to avoid that outcome and raise inflation expectations with its new "average inflation targeting policy," where it will allow inflation to run above its 2% target following periods when it has been below that threshold (as it has for much of the past decade). 

It's hard to know what inflation will look like in the future, but the best time to take stock of inflation risk is before it becomes a problem.   

As this issue explains, inflation risk is tough to hedge perfectly, especially in the short term. However, inflation only tends to be a significant problem over the long run. Over those horizons, traditional stock and bond index funds will probably grow and preserve purchasing power better than instruments commonly used as inflation hedges.       

Here, you’ll also find content about:     

  • The indirect link between ESG and quality 
  • SPDR Gold MiniShares GLDM and Schwab U.S. TIPS ETF SCHP
  • The trade-offs of different TIPS options 
  • The impact of U.S. inflation on foreign stocks

Best,

Alex

 


 

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