White Papers and Research



Tapping into the growth of emerging market water infrastructure

Expanding the world’s access to clean water could present investment opportunities

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Morningstar’s Active/Passive Barometer

A new yardstick for an old debate.

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Bond Portfolio Duration and the Flaw of Averages

While a fund’s duration is useful, investors need to understand where the bonds sit on the yield curve to understand its impact.

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A More Inclusive U.S. Aggregate Bond Index

A look at the Barclays U.S. Aggregate Bond Index’s parent: Barclays U.S. Universal Bond Index.

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Watch Your Step When Using Bond Ladder ETFs

Bond ladder ETFs can reduce cost and risk and can increase liquidity. However, investors should be aware of some potential drawbacks.

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Should Investors Be Thankful for Interest-Rate-Hedged Bonds?

Investors are likely better served by traditional bond funds.

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Trouble With the (Yield) Curve

Because interest rates do not always move in tandem, investors need to pay close attention to the yield curve and spreads to gauge risk.

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Is the Aggregate Index Too Heavy in Treasuries?

Record Treasury issuances during the past decade have made the index more conservative than most intermediate-term bond funds.

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Currency Hedging Makes International Bonds Easier to Own

International-bond funds are a great way to diversify a fixed-income portfolio, but currency movements can create unnecessary volatility.

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