The firm’s research found that investors with assets in model portfolios are happier with their advisors. It also found that 54% of advisors now use custom-built models.
Beyond screening for suitable stocks and ETFs, the platform also helps a growing community of religious-minded investors "purify" interest-generated investment returns by calculating charitable offsets.
Morningstar analysts attribute the outflows to high financing costs and a concern the companies included in these funds might be penalized for transitioning to new sources of energy faster than the rest of the world.
The alternative asset manager is launching its first interval fund and serving as a core independent manager on another as it looks to develop new products.
