About the Editor
Ben Johnson, CFA, is director of global ETF research for Morningstar. Before assuming his current role in 2012, he was director of ETF research for Europe and Asia. He also previously served as a senior equity analyst, covering the agriculture and chemicals industries. Before joining Morningstar in 2006, he worked as a financial advisor for Morgan Stanley.

Johnson holds a bachelor's degree in economics from the University of Wisconsin. He also holds the Chartered Financial Analyst® designation. In 2015, Fund Directions and Fund Action named Johnson among the 2015 Rising Stars of Mutual Funds.


Investment Strategy
Morningstar ETFInvestor scans the globe for value and improving fundamentals across virtually all asset classes. Editor Ben Johnson 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 two real-money portfolios.

The ETF Income Portfolio assembles a high-quality collection of income-generating ETFs with the goal of earning 5% in excess of the 30-day T-bill rate over a full business cycle. The portfolio adheres to a benchmark-agnostic strategy in its search for absolute returns.

The ETF Global Asset Allocation Portfolio, on the other hand, is more benchmark sensitive. It seeks undervalued asset classes with improving fundamentals. The strategy seeks to beat the 60/40 MSCI ACWI/Barclays US Aggregate benchmark over a full business cycle, with the least risk possible.

 
 
May 21, 2018
Welcome !
About Editor Editor's Photo
Ben Johnson, CFA,
Director, Global ETF Research and Editor
Ben Johnson, CFA, is director of global ETF research for Morningstar. Before assuming his current role in 2012, he was director of ETF research for Europe and Asia. He also previously served
Featured Posts
New Issue: Risk

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

The iPad version will be available in approximately 3 business days.

This month’s issue is dedicated to the topic of risk.

Do you remember what risk feels like? While the market has hit a pot hole or two during the current bull run, the ride has generally been smooth. Many—myself included—probably have a hard time remembering just how nerve-wracking the last bear market was.

Are you ready for when volatility rears its ugly head again? In this month’s cover, I’ll help you get reacquainted with risk: defining it and discussing how it’s measured, how investors experience it, and how they can try to manage it.

Also in this issue:

  • I take a closer look at two interesting new additions to the ETF menu: American Century STOXX U.S. Quality Value ETF VALQ and Xtrackers Russell 1000 U.S. QARP ETF QARP.
  • Alex Bryan discusses the hidden risks of investing in stable companies.
  • Alex provides a framework for evaluating low-volatility stock funds and profiles some of the more interest ones in this field.
  • Daniel Sotiroff profiles iShares Edge MSCI Minimum Volatility EAFE ETF EFAV, which carries a Morningstar Analyst Rating of Silver.
  • Daniel also shares his analysis of Neutral-rated Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM.
  • In this month's Sector Snapshot, I share our equity analysts’ take on the news that moved markets in April.

You can download this month's issue here:

http://etf.morningstar.com/Newsletter.aspx?download=currentIssue

Best,

Ben Johnson, CFA

 

Portfolio Holdings
Income Portfolio
ETF
YTD Ret %
Price $
-3.7
102.1
CASH$
N/A
1.0
-0.6
60.4
1.2
73.8
2.7
23.1
3.1
31.0
-3.5
49.4
0.1
28.0
-7.2
30.6
Global Asset Allocation Portfolio
ETF
YTD Ret %
Price $
-3.7
102.1
CASH$
N/A
1.0
-0.6
60.4
2.7
23.1
3.1
31.0
-3.5
49.4
0.9
45.3
-0.1
101.9
0.1
28.0
-7.2
30.6
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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