Morningstar Stock News

SYDNEY , March 3, 2022 /PRNewswire/ -- Boutique investment and advisory firm Magnolia Capital has released its CY 2021 data that confirms its Magnolia Capital Emerging Companies Microcap Fund 1 ("the Fund") was the highest-performing microcap fund in Australia in the 12 months leading to December 2021 , when compared to other microcap funds listed on Morningstar. Magnolia Capital MD, CIO & Founder Mitchell Atkins The extremely high performance was driven by a dozen investments that returned significantly above the last 12 month returns , including the investment made in Telix Pharmaceuticals, Nimy Resources Ltd, Forrestania Resources Limited, Pancontinental Oil & Gas NL, and Prospa Group Ltd . The Fund has so far committed $50 million and has a target final close of $80 million , which Magnolia expects to achieve in the coming months. Uncharacteristically for an Australian actively managed fund, however, Magnolia has contributed 70 per cent of the funds under management (FUM) from its own balance sheet to date.

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Morningstar (NASDAQ:MORN) declares $0.36/share quarterly dividend, in line with previous.Forward yield 0.54%Payable April 29; for shareholders of record April 1; ex-div March 31.See MORN…

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CHICAGO, Feb. 24, 2022 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, posted strong fourth-quarter revenue and cash generation, capping a year of significant growth across the business. "A widening pool of investors is redefining…

Baron Funds, an asset management firm, published its Baron Growth Fund fourth quarter 2021 investor letter a copy of which can be downloaded here.

CHICAGO , Feb.17, 2022 /PRNewswire-PRWeb/ --North Square Investments announced today that its North Square Strategic Income Fund (ADVNX), subadvised by Red Cedar Investment Management, achieved a key milestone during the month of January, surpassing $100 million in assets. "Through demonstrating an ability to navigate across multiple market sectors and global regions, we believe that Red Cedar has developed a following among certain sophisticated investors who also recognize the firm''s particular experience with investing in preferred securities, which provides a certain degree of diversification to portfolios that investors might not get from more traditional fixed income investments," said North Square CEO and co-founder Mark Goodwin . "We believe our partners at Red Cedar are well positioned to help income-oriented investors address the challenges presented by the current rising interest rate environment," Goodwin said. "We are extremely pleased to be working in partnership with North Square," said John Cassady III , Chief Investment Officer of Red Cedar. "We believe that our distinct ability to invest across the capital structure of companies allows us to provide better risk-adjusted returns by targeting securities with lower correlation to the broader market.

A cluster of three insiders including the CEO purchased shares of PayPal last week. This was the first PayPal purchase by Dan Schulman since its spinoff from eBay.

Mumbai: Individual investors continued to pour money into equity mutual funds in January for the eleventh straight month, but flows were lower compared to December as sharp swings in the stock market led to heightened caution. Equity schemes garnered 14,888 crore in January as against 25,077 crore in December. Collections through systematic investment plans (SIPs) increased to another record high of 11,517 crore as against 11,306 crore in the previous month.Debt mutual funds too saw inflows of 5,088 crore, taking the industry''s total assets under management (AUM) to an all-time high of 38.89 lakh crore, compared to the previous month''s 37.92 lakh crore.Fund officials and analysts said investors were more cautious in January. In December, the record flows of 25,077 crore were also on account of large collections by three new fund offers. 89465585"Concerns over ''new'' variants across the globe, relatively high valuations and rising inflation have likely led to a reduction in the magnitude of flows over the past month," says Kavitha Krishnan, senior analyst - manager research, Morningstar India.The resilience in flows into equity mutual funds was despite selling by foreign institutions, who dumped stocks to the tune of 35,975 crore in January for the fourth straight month.

PIMCO and Morningstar have partnered with myTDF to incorporate factors such as an individual’s age, salary, assets, savings rate and company match rate to assign more personalized investment allocations than traditional target date funds.

Morningstar (MORN) introduced a new business unit focused on the wealth management segment, the company said. Effective Jan

Morningstar (MORN), together with AnalytixInsight subsidiary MarketWall, introduce Morningstar Global Market, an enterprise research and market data platform targeted for

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Despite high rates of inflation, recent CPI readings register a 7.0% inflation rate, many stock prices have deteriorated faster than cash prices. See more here.

ARKK''s Investors Have In Aggregate Lost Money By Simon Lack of SL Advisors Last Thursday Jim Cramer described the performance of the ARK Innovation ETF (ARKK) run by Cathie Wood as “ attrocious ”. This caught my attention – Cramer, whether you love him or not, doesn’t often criticize other asset managers. It turns out that the demise of ARKK highlights what happens too frequently in finance. To wit, because inflows to ARKK followed strong performance, as is usually the case, it turns out that the cumulative P&L on ARKK is negative. It peaked last February at just under $12BN and has been in steep decline ever since. At the beginning of this year it crossed into negative territory. The average dollar invested in ARKK has lost money. I employed this type of analysis when I wrote The Hedge Fund Mirage a decade ago. The high returns hedge funds generated in the 1990s weren’t enjoyed by many, because Assets Under Management (AUM) was small. There just weren’t that many clients. Flows followed performance, and by the 2008 financial crisis the hedge fund industry was big enough that in one year it lost all the earlier profits ever generated for investors.