Once the deal closes, Morningstar will own 100% of ESG research and ratings shop Sustainalytics, valued at nearly $185 million.
Real-world experience managing portfolios provides a competitive advantage when it comes
to securing full-time jobs.
The Fed’s pledge last week to buy investment-grade credit and certain ETFs helped halt the slide in mutual fund net-asset values and sparked a rally in higher-rated debt.
The prevailing feature of the recent turbulence is that nothing has really worked as it was supposed to work.
Last week, fund companies began liquidating about 75 so-called tender-option bond trusts holding $1.2 billion worth of state and local government debt
The inevitable downgrades from triple-B to double-B will put money managers to the test.
If stock pickers can’t outperform indexes in the current volatility, they should shut up shop.