By way of disclosure, you should know that most of us on the stocks team at Morningstar are hopeless addicts. We're addicted to stock investing. I, too, am a stock junkie, and I'm hopeful there will be no cure. Stock addicts get particular thrills from listening to professional stock-pickers when ...
Most equity-focused CEFs posted truly spectacular total returns in 2012, but there were a few exceptions.
Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Also, Mario Gabelli makes a very large gift to his alma mater.
These three funds have received top marks.
Below-average returns don't shake Morningstar analysts' confidence in some funds, while recent outperformance doesn't grant higher ratings to others.
Plus, SEC addresses soft dollars, Gabelli settles, and more.
Some equity funds' heavy allocations to pricier areas of the market could spell trouble for shareholders.
Our new rating system gets right to the heart of the matter: evaluating whether management teams are good stewards of shareholder capital.
Aston Value lives to see another subadvisor, New Eaton Vance funds have wanderlust, and more.
CEF investors can benefit from the broader topics broached at our annual event.