It was tough for active managers to outpace Vanguard's low-cost index funds in 2014, and many of its active funds also outperformed.
But for investors, frontier-markets funds have short track records and carry unique risks.
While promising, many frontier funds have short track records and carry unique risks.
In recent years, passive U.S. equity investments have had strong inflows; however, investors are still finding value in active management for fixed-income holdings.
Understand how to go global without going out on a limb.
Credit spreads could grind a bit tighter still as credit risk further improves, but rising rates may eat away at the gains, says Morningstar's Dave Sekera.
The asset manager's transformation has resulted in profitability that continues to improve.
Whether you look at equity or fixed-income markets, the investing landscape looks fully valued, says Morningstar's Tim Strauts.
Passive equity funds, noncore bonds, alternatives, and many of the fund shops that sell them fared well last year, while core bonds, commodities, and gold suffered.
Although 4- and 5-star funds see strong inflows, funds that have yet to receive a Morningstar Rating have attracted the most assets.