Bond Investors Are Paying Up Again for Active Fund Managers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2024
0mins
Should l Buy MORN?
Source: WSJ
- American savers turning to Wall Street pros: Due to a rocky stretch in debt markets, American savers are seeking help from professionals on Wall Street to choose their bonds.
- Increase in actively managed fixed-income funds: $105 billion has flowed into actively managed fixed-income funds this year, surpassing the $74 billion that went into funds tracking an index.
- First time flows into active bond funds surpassed passive funds: This marks the first time since 2021 that flows into active bond funds have exceeded those into passive funds.
- Data source: The information is based on Morningstar Direct data as of April 30.
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Analyst Views on MORN
Wall Street analysts forecast MORN stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 154.010
Low
250.00
Averages
285.00
High
320.00
Current: 154.010
Low
250.00
Averages
285.00
High
320.00
About MORN
Morningstar, Inc. is a provider of independent investment insights in North America, Europe, Australia, and Asia. Its segments include Morningstar Data and Analytics, PitchBook, Morningstar Wealth, Morningstar Credit, and Morningstar Retirement. The Morningstar Data and Analytics segment provides investors comprehensive data, research and insights, and investment analysis to empower investment decision-making. The PitchBook segment provides investors with access to a broad collection of data and research covering the private capital markets. Morningstar Wealth segment brings together its model portfolios and wealth platform; practice and portfolio management software for registered investment advisers; data aggregation and enrichment capabilities; and others. Morningstar Credit segment provides investors with credit ratings, research, data, and credit analytics solutions. The Morningstar Retirement segment offers products designed to help individuals reach their retirement goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Volatility Risk: Micron is viewed as a cyclical stock, with investors concerned that the current memory supply-demand imbalance could quickly evaporate, leading to a sharp decline in share price, which explains its low forward P/E ratio of 11.8.
- AI Demand Outlook: Despite cyclical challenges, analysts believe that the demand for Micron's high-performance memory driven by AI will continue to grow, potentially positioning it closer to Nvidia than Intel in future market competition.
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- Intensifying Market Competition: Despite the high demand for Micron's high-bandwidth memory (HBM), competitors like Samsung and SK Hynix are rapidly capturing market share, posing a potential threat to Micron's market position and future growth prospects.
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