Bryan Armour
@bryanarmour.bsky.social
Director of ETF & passive strategies research at Morningstar.
Important disclosure information: http://bit.ly/MRS0818
Important disclosure information: http://bit.ly/MRS0818
$VOO is on pace to shatter every ETF flows record this year. Only 3 ETFs ($VOO, $SPY, and $IVV) have brought in over $50B in a year.
It's good to see cheap versions of popular ETFs in the top 10 by inflows: $SPLG and $QQQM. Long-term investors will benefit from the cost savings.
It's good to see cheap versions of popular ETFs in the top 10 by inflows: $SPLG and $QQQM. Long-term investors will benefit from the cost savings.
May 19, 2025 at 6:39 PM
$VOO is on pace to shatter every ETF flows record this year. Only 3 ETFs ($VOO, $SPY, and $IVV) have brought in over $50B in a year.
It's good to see cheap versions of popular ETFs in the top 10 by inflows: $SPLG and $QQQM. Long-term investors will benefit from the cost savings.
It's good to see cheap versions of popular ETFs in the top 10 by inflows: $SPLG and $QQQM. Long-term investors will benefit from the cost savings.
Vanguard remains the low-cost leader with an asset-weighted average fee of just 0.07%.
Four of the five largest fund families were among the five cheapest in 2024, with Dimensional the cheapest provider outside the five biggest firms.
4/5
Four of the five largest fund families were among the five cheapest in 2024, with Dimensional the cheapest provider outside the five biggest firms.
4/5
May 15, 2025 at 3:51 PM
Vanguard remains the low-cost leader with an asset-weighted average fee of just 0.07%.
Four of the five largest fund families were among the five cheapest in 2024, with Dimensional the cheapest provider outside the five biggest firms.
4/5
Four of the five largest fund families were among the five cheapest in 2024, with Dimensional the cheapest provider outside the five biggest firms.
4/5
Investors have shown much more interest in cheap funds than expensive ones. The cheapest 20% of passive funds collected $2.8 trillion of inflows since 2021, while investors pulled $1.4 trillion out of the priciest 80% of active funds.
3/5
3/5
May 15, 2025 at 3:51 PM
Investors have shown much more interest in cheap funds than expensive ones. The cheapest 20% of passive funds collected $2.8 trillion of inflows since 2021, while investors pulled $1.4 trillion out of the priciest 80% of active funds.
3/5
3/5
ETFs hold a considerable fee advantage over mutual funds, partly because of their passive investing origin. That doesn't mean all ETFs are cheaper--new ones are actually raising the equal-weighted average price of ETFs due to increasingly complex and active new offerings.
2/5
2/5
May 15, 2025 at 3:51 PM
ETFs hold a considerable fee advantage over mutual funds, partly because of their passive investing origin. That doesn't mean all ETFs are cheaper--new ones are actually raising the equal-weighted average price of ETFs due to increasingly complex and active new offerings.
2/5
2/5
Morningstar's 2024 US Fund Fee Study is live!
We estimate that investors saved $5.9 billion in fund expenses last year compared to 2023.
My colleague, Zachary Evens, analyzed the fee trends shaping the fund industry and explains what they mean for investors.
1/5
We estimate that investors saved $5.9 billion in fund expenses last year compared to 2023.
My colleague, Zachary Evens, analyzed the fee trends shaping the fund industry and explains what they mean for investors.
1/5
May 15, 2025 at 3:51 PM
Morningstar's 2024 US Fund Fee Study is live!
We estimate that investors saved $5.9 billion in fund expenses last year compared to 2023.
My colleague, Zachary Evens, analyzed the fee trends shaping the fund industry and explains what they mean for investors.
1/5
We estimate that investors saved $5.9 billion in fund expenses last year compared to 2023.
My colleague, Zachary Evens, analyzed the fee trends shaping the fund industry and explains what they mean for investors.
1/5
Semiliquid vehicles like interval funds have exploded in popularity, but investors and advisors have lacked the right tools to evaluate them.
We’re proud to announce we're extending our Medalist Rating to cover these vehicles, helping investors make sense of the options.
We’re proud to announce we're extending our Medalist Rating to cover these vehicles, helping investors make sense of the options.
May 6, 2025 at 3:33 PM
Semiliquid vehicles like interval funds have exploded in popularity, but investors and advisors have lacked the right tools to evaluate them.
We’re proud to announce we're extending our Medalist Rating to cover these vehicles, helping investors make sense of the options.
We’re proud to announce we're extending our Medalist Rating to cover these vehicles, helping investors make sense of the options.
Diversifying your portfolio is critical as risks grow for US stocks. In this article, I look at some ways to hedge the risk of stocks and how you can construct a resilient portfolio.
Check out the link for more!
https://www.morningstar.com/funds/how-etf-diversifiers-performed-during-market-turmoil
Check out the link for more!
https://www.morningstar.com/funds/how-etf-diversifiers-performed-during-market-turmoil
April 16, 2025 at 3:57 PM
Diversifying your portfolio is critical as risks grow for US stocks. In this article, I look at some ways to hedge the risk of stocks and how you can construct a resilient portfolio.
Check out the link for more!
https://www.morningstar.com/funds/how-etf-diversifiers-performed-during-market-turmoil
Check out the link for more!
https://www.morningstar.com/funds/how-etf-diversifiers-performed-during-market-turmoil
US ETFs brought in $18 billion as markets sold off from April 3-7.
$SPY and $VOO were the main beneficiaries, while bond investors rotated out of credit risk into Treasuries and ultrashort bond ETFs.
http://spr.ly/63327FLUPf
$SPY and $VOO were the main beneficiaries, while bond investors rotated out of credit risk into Treasuries and ultrashort bond ETFs.
http://spr.ly/63327FLUPf
April 10, 2025 at 8:13 PM
US ETFs brought in $18 billion as markets sold off from April 3-7.
$SPY and $VOO were the main beneficiaries, while bond investors rotated out of credit risk into Treasuries and ultrashort bond ETFs.
http://spr.ly/63327FLUPf
$SPY and $VOO were the main beneficiaries, while bond investors rotated out of credit risk into Treasuries and ultrashort bond ETFs.
http://spr.ly/63327FLUPf
Investors should avoid single stock ETFs like the plague.
Leverage resets daily, so the ETF buys more when prices go up and sells when they go down. This is known as volatility decay. More vol = faster decay. Over its short lifetime, $TSLL has lost 55% while $TSLA has lost 4%.
Leverage resets daily, so the ETF buys more when prices go up and sells when they go down. This is known as volatility decay. More vol = faster decay. Over its short lifetime, $TSLL has lost 55% while $TSLA has lost 4%.
April 10, 2025 at 7:18 PM
Investors should avoid single stock ETFs like the plague.
Leverage resets daily, so the ETF buys more when prices go up and sells when they go down. This is known as volatility decay. More vol = faster decay. Over its short lifetime, $TSLL has lost 55% while $TSLA has lost 4%.
Leverage resets daily, so the ETF buys more when prices go up and sells when they go down. This is known as volatility decay. More vol = faster decay. Over its short lifetime, $TSLL has lost 55% while $TSLA has lost 4%.