Name: Constructing Optimal Portfolios with Morningstar
Start: 2022-02-17T07:00:00Z
End: 2022-02-17T07:00:32.000Z
Location: BrightTALK
Rating: 0

Periodic webinars showcasing the latest insights into market trends & regulation and occasionally a demo of Morningstar products.

今年1月の新NISA開始より早くも半年が経とうとしています。現在四半期ごとに、モーニングスター・ジャパン、マネジャーリサーチ部門より「NISA概要レポート」もお届けしておりますが、今回はウェビナーにて2024年上半期の投信市場動向についてご説明させていただきます。

本ウェビナーではNISA概要レポート執筆者でマネジャーリサーチ部門を率いる元利 大輔（もとり だいすけ）が解説を行います。また、合わせてカスタマー・サクセス部門よりMorningstar Directを使用してのNISA関連ファンドの分析方法のご紹介もいたします。

ウェビナーの最後ではお時間の許す限りQ＆Aセッションも設ける予定ですので、是非当日のご参加をいただけますと幸いです。

モーニングスター、2024年上半期の投信市場動向解説

Over the past one and a half years, 56% of the market’s return can be attributed to just ten stocks–and no theme has been more dominant than artificial intelligence. Of these ten stocks, seven were rated either 4- or 5-stars at the beginning of 2023. However, at this point, only one remains 4-star rated and four are now rated 2-stars. Generally, the obvious beneficiaries from AI are largely fully valued to overvalued. Looking forward, we expect excess returns will come not from investing in themes, but from idiosyncratic situations among those stocks that have underperformed and are unloved—and most importantly—undervalued.

Learn where we see undervalued opportunities within a more than fully-valued market and how we expect the U.S. economy will play out over the course of this year. We will:

• Break down our valuations and identify undervalued opportunities across categories, sectors, and stocks.
• Highlight investable contrarian plays.
• Provide our forecasts for real U.S. GDP, inflation, and interest rates.

In our market outlook, we utilize a bottom-up perspective to determine market valuation. By leveraging off of the 1,500 companies covered by Morningstar's equity analysts, we identify which areas are undervalued versus which are overvalued. From growth stocks to value stocks and from small-cap to large-cap, we will identify where we see value today. Following the presentation, we take as many questions from the audience as time allows.

Presented by:
• Dave Sekera, CFA, Chief U.S. Market Strategist, Morningstar
• Preston Caldwell, Chief U.S. Economist, Morningstar

Morningstar Q3 2024 U.S. Market Outlook: Shifting from Thematic to Idiosyncratic

Climate change is one of the most pressing global issues of our time, and it has become a key consideration for investors building investment portfolios. In this webinar, we review the global climate funds landscape in 2023 and look at regional differences. We will also discuss the spectrum of climate strategies and their role in portfolios, from reducing climate-related risks to investing in climate-related opportunities. Including strategies such as Low Carbon, Climate Transition, Green bond, Climate Solutions and Clean Energy/Tech funds.            

We will look to answer questions such as: 

• What did capital flows into climate funds look like in 2023? 
• How do climate funds stack up against various climate metrics and what’s inside these funds?
• What are the most prominent Climate Solutions themes?
• Which role does regulation play in the creation and investment in climate funds?
• How can investment professionals use Morningstar Data and Reporting Solutions to bring their Climate strategies to life?

Investing in Times of Climate Change - 2023 in Review

Over the past year, markets have soared higher, yet returns have been concentrated in a handful of stocks. As these stocks are now fully to overvalued and momentum starts to fade, we look to contrarian plays to invest. Focus on those stocks that have underperformed and are unloved—and most importantly—undervalued. 

Join Morningstar’s Dave Sekera, CFA, Chief U.S. Market Strategist and Preston Caldwell, Chief U.S. Economist as they review why we expect the economy will dodge a recession and which areas in the market still offer upside opportunities.

Learn where we see undervalued opportunities within a more than fully-valued market and how we expect the U.S. economy will play out over the course of this year. We will:
• Break down our valuations and identify undervalued opportunities across categories, sectors, and stocks. 
• Highlight investable contrarian plays. 
• Provide our forecasts for real U.S. GDP, inflation, and interest rates.

In our market outlook, we utilize a bottom-up perspective to determine market valuation. By leveraging off of the 1,500 companies covered by Morningstar's equity analysts, we identify which areas are undervalued versus which are overvalued. From growth stocks to value stocks and from small-cap to large-cap, we will identify where we see value today. Following the presentation, we take as many questions from the audience as time allows.

Q2 2024 U.S. Stock Market Outlook Webinar - APAC Edition

Morningstarが株式投資の哲学や方法論の礎としている「エコノミック・モート」は、ウォーレン・バフェットに考案された概念であり、米国ではすでに広く認知されている投資の考え方の一つです。日本においても、最近はモートを用いた商品も市場に展開されており徐々に広がりつつあります。

本ウェビナーでは、「エコノミック・モート」の概念をMorningstarがどのように個別銘柄の調査に落とし込んでいるかについて、具体例を交えながらご紹介いたします。 また、合わせてMorningstarエコノミック・モートを活用した指数についてもご紹介し、皆様の長期投資への活用等にお役立ていただける情報をお届けいたします。

Morningstarエコノミック・モートとは？～競合優位性と長期投資への活用と金融商品へ活かす実践的方法～

After four years of suffering from long-Covid, 2024 is lining up to be the year that the economy and individual behavior have finally recovered and normalized. The massive disruptions and dislocations caused by the pandemic are rapidly fading in the rearview mirror and we think it’s time for investors to get back to basics. While we forecast the rate of economic growth will slow and stocks have already rallied off their lows, we still see multiple undervalued areas that provide relatively large margins of safety. 

Join Morningstar’s Dave Sekera, CFA, Chief U.S. Market Strategist and Preston Caldwell, Chief U.S. Economist as they review why we expect the economy will dodge a recession and which areas in the market still offer upside opportunities.  

Learn why we view the U.S. equity market as undervalued, how we expect the U.S. economy will play out over the course of this year and next. We will: 

• Break down our valuations and identify undervalued opportunities across categories, sectors, and stocks.   
• Highlight investable long-term secular growth themes.   
• Provide our forecasts for real U.S. GDP, inflation, and interest rates.  

In our market outlook, we utilize a bottom-up perspective to determine market valuation. By leveraging off of the 1,500 companies covered by Morningstar's equity analysts, we identify which areas are undervalued versus which are overvalued. From growth stocks to value stocks and from small-cap to large-cap, we will identify where we see value today. Following the presentation, we take as many questions from the audience as time allows.   

Presented by: 
Dave Sekera, CFA, Chief U.S. Market Strategist, Morningstar 
Preston Caldwell, Chief U.S. Economist, Morningstar 
Moderated by Kate Lin, Editor, Morningstar Asia

Morningstar’s 2024 U.S. Stock Market Outlook - APAC Edition

In 2023, asset management firms caught greenwashing faced criticism by regulators and clients alike, with perpetrators facing real consequences such as:  

- Reputational risk 
- Regulatory compliance issues 
- Fines (up to billions of dollars) 
- and more 
 
Join speakers from Morningstar Sustainalytics for a panel discussion on greenwashing risk and how regulators and asset managers are tackling this issue in 2024. 

We’ll discuss:  

- The regulatory landscape for 2024  
- How asset managers are thinking about building thoughtful strategies to mitigate greenwashing risk 
- Ways to potentially mitigate greenwashing risk and build an authentic ESG strategy 

Submit your questions by December 1, 2023 to Beth Thompson at beth.thompson@morningstar.com for a chance to have them answered live by the experts.  

Speakers:
- Ruthann Bartello, Director, Commercialization, Morningstar Sustainalytics  
- Anne Schoemaker, Director, ESG Products, Morningstar Sustainalytics 
- Benjamin Schofield, Director, Product Strategy/Commercialization, Sustainalytics

Is the Grass Always Greener? Greenwashing Risk and Regulation

Climate change is undeniably one of the most pressing global issues of our time, and it has become a key consideration in financial and investment markets. In this webinar, we explore the global Climate funds landscape, and look at regional differences. We will also discuss the spectrum of Climate strategies and their role in portfolios, from reducing climate-related risks to investing in climate-related opportunities.

We will look to answer questions such as:
•          What do capital flows into Climate funds look like in 2023 so far?
•          How do Climate funds stack up against various climate metrics and what’s inside these funds?
•          What role do Climate funds play in Investor portfolios?
•          What are the changes for emerging market like China in terms of assets and top holdings in Climate funds? 
•          How can investment professionals use Morningstar Data and Reporting Solutions to bring their Climate strategies to life?

Investing in Times of Climate Change

In a fast-paced world of investment decisions, how do you go about constructing optimal portfolios and producing supporting analytics? 

Morningstar has recently introduced Direct Lens to modernize portfolio construction workflow with easy-to-navigate interface. Our new, user-friendly portfolio management tool also puts a multi-layer of analytics tools at your fingertips. 

Join our live webinar to learn: 
• How Direct Lens creates seamless portfolio construction process 
• How to view, analyze, and back-test your current portfolio
• How to drill down into portfolio holdings and pull up supporting analytics

Speakers:
• Janet Chang, CFA, Senior Product Manager
• Eric Ho, Customer Success Manager (Moderator)

Direct Lens: Seamless Portfolio Construction and Analysis

Despite tight monetary policy, the U.S. economy has outperformed expectations this year, leading to a boost in our short-term growth forecast. However, while we don't foresee a recession, we do anticipate the looming impact of high interest rates will begin slowing the rate of economic growth during the fourth quarter. Better than expected earnings and excitement surrounding artificial intelligence spurred a strong rally off of the undervalued levels at the beginning of the year. However, following this rally, the market is now approaching our fair value estimate. Looking forward, as we enter an economic slowdown later this year and with less margin of safety, investors may need the intestinal fortitude to ride out heightened market volatility. 

Join Morningstar’s Dave Sekera, CFA, Chief U.S. Market Strategist and Preston Caldwell, Head of U.S. Economics as they: 
• Break down our valuations and identify undervalued opportunities across categories, sectors, and stocks.  
• Highlight investable long-term secular growth themes.  
• Provide our forecasts for real U.S. GDP, inflation, and interest rates. 
 
In our market outlook, we utilize a bottom-up perspective to determine market valuation. By leveraging off of the 1,500 companies covered by Morningstar's equity analysts, we identify which areas are undervalued versus which are overvalued. From growth stocks to value stocks and from small-cap to large-cap, we will identify where we see value today. Following the presentation, we take as many questions from the audience as time allows.  

Presented by:
Dave Sekera, CFA, Chief U.S. Market Strategist, Morningstar
Preston Caldwell, Head of U.S. Economics, Morningstar
Moderated by Kate Lin, Editor, Morningstar Asia

Q4 2023 U.S. Stock Market Outlook Webinar - APAC Edition

Equileap のデータとスコアリング手法を活用して構築されたMorningstar 日本株式 ジェンダー・ダイバーシティ・ティルト指数（除くREIT）をモーニングスター・インデックスが解説します。

この指数は、強力なジェンダー多様性ポリシーを企業文化に組み込んでおり、性別に関係なく従業員に平等な機会を確保している企業の株式保有比率を高めるように設計されています。

Morningstar 日本株式 ジェンダー・ダイバーシティ・ティルト指数（除くREIT）の概要については、以下をご覧ください。
https://tinyurl.com/48w9j6ab

モーニングスター・インデックスの様々なジェンダー・ダイバーシティ指数の詳細については、以下をご覧ください。
https://indexes.morningstar.com/gender-diversity-indexes-jp

Morningstar 日本株式 ジェンダー・ダイバーシティ・ティルト指数（除くREIT）を活用したインクルーシブ投資のご紹介

Multi-asset income funds have gained tremendous popularity in the last decade, with some boasting a headline yield of 9%. But are these funds still relevant when investors can now earn decent yields from term deposits or money market funds? 

Join our upcoming webinar with Bryan Cheung to hear what the future holds for multi-asset income funds and how they are navigating the higher interest rate environment. 

The presentation will follow with a live demo on how to analyse mutual funds in Morningstar Direct by Kristopher Leung. 

We will cover:
- The value of multi-asset income funds in the new landscape of higher yields
- How fund managers have been adjusting their portfolios
- Hidden pitfalls that income seekers should look out for
- How to analyse mutual funds in Morningstar Direct

There will be a Q&A session at the end of the webinar and we will take as many questions from the audience as time allows. 

Presented by:
Bryan Cheung, Associate Director, Manager Research, Morningstar Asia
Kris Leung, Manager, Customer Success, Morningstar Asia
Moderated by Kate Lin, Editor, Morningstar Asia

Multi-Asset Income Funds in a World of Higher Interest Rates

As the importance of environmental, social and governance (ESG) factors continues to grow in the investment sphere, investors place a greater emphasis on material ESG factors. In view of this, Morningstar’s ESG research and ratings are designed to help investors identify ESG risks and opportunities, as well as making informed decisions during fund selection and portfolio management.

To further understand the features and industry practices, Morningstar and CFA Institute are going to co-host a webinar to reveal how to apply ESG ratings and put sustainable investing into practice. In there, expert speakers will share the underlying methodologies of ESG scores and ways to effectively assess funds. Also, there will be discussion from a user's perspective on how they incorporate the benchmarks into analysis.

Panelists:
- Laura Lutton, Risk Pillar Lead, Director of Product Management, Morningstar Sustainalytics
- Gabriel Wilson-Otto, CFA, Head of Sustainable Investing Strategy, Fidelity International
- David von Eiff, PhD, Director, Institutional Partnerships, Asia Pacific, CFA institute (Moderator)

Deep Dive Into ESG Ratings and Scores

US equity markets have risen 8% thus far this year, yet still remain another 8% undervalued compared to a composite of our equity research coverage. However, the clouds are darkening as the economy stagnates and forecasts to contract in the third quarter. Markets may become increasingly choppy as weaker earnings growth could sour sentiment. In order to break through the ceiling of the trading range we have been in since last fall, investors will be looking for a rebound in leading economic indicators.

Join Preston Caldwell & Dave as they provide their outlook for the markets and economy and discuss how investors may want to position their portfolios to ride out the near-term storm and take advantage of the market rally once the squall subsides.

Presented by:
Dave Sekera, CFA, Chief U.S. Market Strategist, Morningstar
Preston Caldwell, Head of U.S. Economics, Morningstar
Moderated by Kate Lin, Editor, Morningstar Asia

Q3 2023 U.S. Stock Market Outlook Webinar - APAC Edition

Have you ever toiled away your precious time pulling historical holdings of multiple funds? Have you ever imagined performing holdings look-through for all of your custom portfolios with one click? Then you are in luck! 

Analytics Lab is a Morningstar Direct module that lets users create customized analytics with the Python programming language. In this discussion, we will explore how Analytics Lab can help you navigate multiple layers of data extraction with ease and perform deep-dive portfolio analysis with a few simple steps. We have solutions not only for those who don’t know any coding but also for python experts, so please join us to learn how to scale your workflows and improve efficiencies for you and your teams. 

Join Morningstar’s Janet Chang, CFA, Senior Product Manager for Asia, and Sara Otterbeck, Senior Product Manager for Analytics Lab, to discuss: 
• How to take your analysis to the next level with prebuilt Morningstar Notebooks  
• How to build customized notebooks leveraging both Morningstar and proprietary dataset   

Explore the tools your peers are using to scale data and analytics and modernize your workflow with the power of analytics.

Take Your Fund Analysis to the Next Level

Although the stock market is undervalued – it faces a rough road ahead. The effects of the second largest bank failure in U.S. history are reverberating throughout the markets. Tightening monetary policy is poised to begin taking its toll on the economy later this year. Inflation remains stubbornly above the Fed’s target.

While volatility will likely stay elevated over the foreseeable future, once investors begin to see an upswing in leading economic indicators, we think the markets can begin a sustainable rally towards where we see fair value.

Join Morningstar’s Dave Sekera, CFA, Chief U.S. Market Strategist and Preston Caldwell, Head of U.S. Economics as they review our analysis of the U.S. markets and economy.

Learn why we view the U.S. equity market as undervalued, how we expect the U.S. economy will play out over the course of the year, and why we have an above consensus economic outlook over the long-term. We will:

Break down our valuations and identify undervalued opportunities across categories, sectors, and stocks.

Highlight investable long-term secular growth themes.

Provide our forecasts for real U.S. GDP, inflation, and interest rates.

In our market outlook, we utilize a bottom-up perspective to determine market valuation. By leveraging off of the 1,500 companies covered by Morningstar’s equity analysts, we identify which areas are undervalued versus which are overvalued. From growth stocks to value stocks and from small-cap to large-cap, we will identify where we see value today. Following the presentation, we will take as many questions from the audience as time allows.

Presented by:
Dave Sekera, CFA, Chief U.S. Market Strategist, Morningstar
Preston Caldwell, Head of U.S. Economics, Morningstar
Moderated by Kate Lin, Editor, Morningstar Asia

Q2 2023 U.S. Stock Market Outlook Webinar - APAC Edition

Discover how investors can more effectively respond to climate regulatory initiatives, advance engagement activities and support net zero strategies.

Webinar Speakers:
Azadeh Sabour, Senior Vice President, Climate Solutions
Clark Barr, Director of Methodology, Climate Solutions
Anya Solovieva, Global Commercial Lead, Climate Solutions

The Net Zero Transition: Building Climate-Aware Investment Strategies

Morningstar has partnered with Ignites Asia to bring you the most relevant insights on how Asian asset managers and investors can prepare for new regulatory developments coming from the EU. 

A range of European Union regulatory developments around investor protection and conduct are reshaping the way asset managers are approaching client service, sustainable investment, and firm-level conduct. These measures stand alongside the European Commission’s Sustainable Finance Action Plan, which includes ESG amendments to the SFDR, UCITS and AIFMD rules. Although these rules directly apply to the EU market, they may indicate what’s to come for Asian firms and investors. 

In this webcast, our panelists will address: 
- The impact of EU regulations on asset managers and investors in Asian markets
- How asset managers can stay on top of these changes and be prepared to comply with any new regulations that may arise
- The recent ESG regulatory development in Asia

Panelists:
- Arthur Carabia, Director, ESG Policy Research, Morningstar Sustainalytics
- Diana Parusheva-Lowery, Executive Director, Public Policy and Sustainable Finance, ASIFMA
- Olivier Carré, Markets and Strategy, Financial Services Leader, PwC Luxembourg
- Alastair O'Dell, Contributor, Ignites Asia (Moderator)

What does the regulatory landscape in Europe mean for Asia?

Kick off the Year of Tiger and optimize your investment process with Morningstar Direct.

Join Kristopher Leung, Customer Success Team Leader at Morningstar Asia, on Thursday, Feb 17 for a live webinar: Constructing Optimal Portfolios with Morningstar. 

In this webinar, you will learn how wealth managers leverage Morningstar Direct, a one stop solution in:

- Building Efficiency Frontier to create their asset mixes (policies)
- Screening and comparing investment with industry recognized peer group
- Creating model portfolios and presenting to their internal and external clients

This webinar will be conducted in English.

We hope you can join us.

Constructing Optimal Portfolios with Morningstar

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Wealth Management

Morningstar

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Constructing Optimal Portfolios with Morningstar

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