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☆ China stocks escaped much of the latest sell-off. Signals for whether to buy
▼ + stars: | 2024-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The latest global market volatility has reinforced China's status as a distinct market, even if its growth has slowed recently. While U.S. tech stocks plunged and Japanese stocks swung wildly in a historic two days of price action , Chinese stocks suffered less . The investors remained net buyers of Chinese stocks for the third quarter so far as of Aug. 6, the data showed. Finally, the low correlation of the China stock market with the U.S. stock market could provide investors with diversification benefits." Chinese stocks, especially those traded on the mainland, have historically been less correlated to global market moves due to Beijing's capital controls and other restrictions.

Persons: Matt Wacher, William Yuen, Invesco, That's, Steven Sun, Paul Christopher, Morningstar's Wacher, it's, Wacher Organizations: Nasdaq, Nikkei, Morningstar Investment Management, U.S, HSBC, Technology, Shanghai —, Bank of, Federal Reserve, Treasury, HSBC Qianhai Securities, National Bureau, Statistics, Wells, Wells Fargo Investment Institute, Index Locations: Asia, U.S, Shanghai, China, Pacific, EPFR, Hong Kong, Bank of China, Wells Fargo

While most of TIAA’s clients are current or retired workers at nonprofit organizations, TIAA also offers individual retirement accounts to investors online. They didn’t own enough in-house TIAA products, according to the complaint and a recording of Parkin’s presentation. But in two asset classes, the tool’s recommendations are limited to TIAA products, according to the complaint and internal documents. Morningstar selects asset classes and investments for the TIAA tool from those chosen by a retirement plan fiduciary, it said. Paras Griffin / Getty Images fileThe recent push to increase client usage of TIAA’s advice tool appears to be succeeding.

Persons: Ted Fitzpatrick, Fitzpatrick, TIAA, “, ” Fitzpatrick, ’, Chris Tobe, Craig Parkin, Rajotte, ”, Yale, Craig Warga, TIAA hasn’t, Ted Siedle, “ TIAA, ” Siedle, TIAA’s Parkin, Parkin, Thasunda Brown Duckett, “ Thasunda, ” Parkin, ” TIAA, Adriana Macias, Morningstar, Duckett, Rowe Price, TIAA’s, Paras Griffin, it’s, Steers, ‘ Organizations: SEC, New, Cornell University, University of North Carolina System, TIAA, Vanguard, Fidelity, Systems, Yale, Yale University, Bloomberg, Getty, Brown University and Harvard, NBC News, NBC, Morningstar Investment Management, of, Morningstar, “ Morningstar Investment Management, Bank of New York Mellon, Equitable Holdings, Cohen, Steers, & $ Locations: Milwaukee, TIAA, New York, New Haven, Conn, Chicago, Atlanta

☆ Flurry of Labour policies will change the way world looks at UK: Morningstar
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlurry of Labour policies will change the way world looks at UK: MorningstarMike Coop, EMEA chief investment officer at Morningstar Investment Management, discusses the agenda of the U.K.'s new Labour government.

Persons: Morningstar Mike Coop Organizations: Morningstar, Morningstar Investment Management, Labour

☆ Investors are 'overconfident' about the impact of A.I., strategist says
▼ + stars: | 2023-08-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

"And we've had a dawning awareness of how things have sped up in terms of generative AI. Market participants are "overconfident" about their ability to predict the long-term effects of AI, according to Mike Coop, chief investment officer at Morningstar Investment Management. "Having said that, the prices have run so hard that it looks to us that really people are overconfident about their ability to forecast how AI will impact things." In what he dubbed a "dangerous point for investors," Coop stressed the importance of diversifying portfolios and remaining "valuation aware." "Be cognizant of just how high a price is being paid for the promise of what AI may or may not deliver for individual companies," Coop concluded.

Persons: we've, Coop, CNBC's, Mike Coop, Morningstar Organizations: Nvidia, Facebook, Tesla, Morningstar Investment Management, Google Locations: what's, U.S

☆ Market is overconfident in its ability to forecast the A.I. trend, strategist says
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket is overconfident in its ability to forecast the A.I. trend, strategist saysMike Coop, chief investment officer at Morningstar Investment Management, discusses the U.S. stock market rally and advises investors to be wary about its concentration around a handful of A.I.-related stocks.

Persons: Mike Coop Organizations: Morningstar Investment Management

☆ The biggest hedge fund in the world says ChatGPT was able to pass its investment associate test - and it's like 'having millions of them at once'
▼ + stars: | 2023-07-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

ChatGPT was able to pass the test Bridgewater gives to its investment associates, the firm's co-CIO said. ChatGPT is the equivalent of having "millions" of investment associates working at once, Greg Jensen said. Greg Jensen, co-CIO of the world's biggest hedge fund, told Bloomberg that ChatGPT was able to pass its investment associate test, and that the power of the buzzy AI chatbot is like having "millions" of junior staffers working all at once. Bots like ChatGPT have already performed well on Bridgewater's internal tests for investments associates, Jensen said. "Because all of sudden if you have an 80th percentile investment associate, technologically, you have millions of them at once.

Persons: ChatGPT, Greg Jensen, —, Jensen –, –, Jensen Organizations: Bridgewater, Service, Bridgewater Associates, Bloomberg, Morningstar Investment Locations: Bridgewater

☆ Euro zone inflation slides more than expected in June, but core rate ticks higher
▼ + stars: | 2023-06-30 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Euro zone inflation hit 5.5% in June, according to preliminary data, coming in lower than analyst expectations — but core inflation, which excludes energy and food, remains stubbornly high and rose to 5.4%. Core inflation had eased to 5.3% in May, from 5.6% in April. Some media reports attributed the sticky core rate to an increase in German rail ticket costs, after the country this time last year offered a discounted pass. The European Central Bank also revised its headline and core inflation expectations for the next couple of years during its interest rate meeting. "Wage-price spiral, which are price increases caused by higher inflation, remains a clear burden for core-inflation.

Persons: Bert Colijn, Christine Lagarde, it's, Clémence Dachicourt, Lagarde Organizations: Central, ING, U.S . Federal Reserve, European Central Bank, Morningstar Investment Management Locations: European, Sintra, Portugal

☆ Wouldn’t be at all surprised to see more banks making sure that they're covered, CIO says
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWouldn’t be at all surprised to see more banks making sure that they're covered, CIO saysMichael Coop, chief investment officer of Morningstar Investment Management EMEA, discusses banking stress and the impact of central banks raising interest rates.

The blue-chip FTSE 100 (.FTSE) fell 0.4%, while the mid-cap FTSE 250 (.FTMC) was down 0.8%, as of 0820 GMT. Data showed Britain now has Western Europe's highest rate of consumer price inflation, after a weaker-than-expected fall in March to 10.1% from February's 10.4%. The FTSE 100 clocked its longest winning streak since December 2020 on Tuesday, buoyed by defensive and commodity-linked stocks. Food, beverages and tobacco sector (.FTUB4510) was a bright spot, up 0.8% on the heels of sticky inflation numbers. Leading losses on the FTSE 250 was Liontrust Asset Management Plc (LIO.L), down 5.5% as the asset manager reported significant quarterly net outflows.

☆ Victims of the Fed: How a year of rate hikes cratered stocks - and fueled the demise of FTX and Silicon Valley Bank
▼ + stars: | 2023-03-17 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

The US central bank has lifted borrowing costs from near-zero to just under 5%, starting with its initial raise on March 16, 2022. Lender Silicon Valley Bank failed and FTX imploded after borrowing costs rose. "Stocks had become reliant on low interest rates as a crutch," Dan Kemp, CIO at Morningstar Investment Management, told Insider. "If valuations had been lower, then the reaction to the Fed's rate hikes would've been far less severe." Rising interest rates in a particular country tend to strengthen its currency, because they attract foreign investors seeking higher yields.

☆ SVB: What the worst bank failure since 2008 means for markets, the financial sector, and interest rates
▼ + stars: | 2023-03-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +8 min

Here's what SVB's sudden demise means for markets, the US banking sector, and interest rates. That capped a turbulent week that saw a botched fundraising attempt by Silicon Valley Bank (SVB) and a $1.8 billion loss on its bond holdings, which ultimately triggered an old-fashioned bank run. Silicon Valley Bank's collapse exposed a serious risk many banks face in their business portfolios – the dependence on uninsured deposits. However, former Treasury chief Larry Summers took a less pessimistic view, saying SVB's collapse was "unlikely to be a broadly systemic problem." But as bad as it is, it's unlikely to trigger a repeat of the 2008 global financial crisis that set the stage for the Great Recession, according to analysts.

☆ The CIO of Morningstar Wealth's Americas unit explains why investors focused on the next recession are missing the point — and shares the market areas to buy now for profits in any economy
▼ + stars: | 2023-03-13 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Marta Norton believes that investors hyper-focused on the next recession are missing the point. A glance at the current US economy certainly doesn't paint a very rosy picture for investors. "Very long term return prospects across equities and fixed income are better today than they were a year ago, but markets still aren't priced to really attractive levels," she added. Globally, Norton is also bullish on the communication services due to the sector's attractive valuations and diversification benefits, since some companies have both value and growth characteristics. Norton is also overweight healthcare and consumer staples, two defensive sectors that are more resilient to market volatility and earnings declines.

☆ I asked ChatGPT investors' burning questions – and a CIO told me why the bot won't be challenging Wall Street's top stock-pickers anytime soon
▼ + stars: | 2023-01-28 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

I asked ChatGPT questions about markets and showed the answers to Morningstar Investment Management CIO Dan Kemp. He called some of its knowledge "remarkable" – but isn't worried it'll put top strategists out of their jobs anytime soon. "It provides answers, but it doesn't ask questions like a good investment manager," Kemp said. Kemp told me he was impressed with the breadth of the bot's knowledge – especially its ability to avoid unnecessary jargon when producing stock market content. "It's an interesting mistake and it's one that lots of investors made last year – not every high risk comes with a high reward."

☆ VIEW Bank of England raises rates to 3.5%, says inflation has peaked
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +7 min

LONDON, Dec 15 (Reuters) - The Bank of England on Thursday raised interest rates by a widely expected 50 basis points (bps) to 3.50%, in its ninth straight increase - and its eighth this year. UK rates began rising in December 2021, making the BoE the first of the world's major central banks to kick off a monetary policy-tightening cycle. MONEY MARKETS: Interest rate swaps showed investors expected rates to peak at 4.46% by next August, compared with an anticipated terminal rate of 4.53% just before the decision. Their own numbers have been pointing to a recession for a little while, and they've still materially hiked interest rates. EDWARD HUTCHINGS, HEAD OF RATES, AVIVA INVESTORS, LONDON:"The Bank of England duly delivered on financial markets expectations of a 0.50% hike.

☆ FTX's collapse could be crypto's dot-com crash moment – with the industry struggling to ever regain investors' trust
▼ + stars: | 2022-11-19 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The collapse of FTX could weigh on cryptocurrencies for years, experts told Insider. And the dot-com crash shows that there could be further pain ahead. "In a very crude way, this isn't that different to the dot-com crash," Morningstar Investment Management CIO Dan Kemp told Insider. Just 48% of internet companies even survived the dot-com crash, and it took Amazon a decade to regain its peak share price of $113. Whether cryptocurrencies can bounce back as some tech stocks did 20 years ago remains to be seen.

☆ ECB inflation targets look a long way off without further rate rises, analyst says
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB inflation targets look a long way off without further rate rises, analyst saysMark Preskett, portfolio manager at Morningstar Investment Management, said the European Central Bank will raise rates by another 50 or 75 basis points before the end of the year, with more hikes in 2023.

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