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Global Thematic Funds Landscape May 2021

In this report, we introduce an updated taxonomy for classifying these funds based on an enhanced global data set, analyze key trends, and share best practices for choosing from this expansive universe.

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About the Authors

Kenneth Lamont

Senior Analyst, Manager Research, Passive Strategies
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Kenneth Lamont is a senior manager research analyst, passive strategies, for Morningstar UK Ltd, a wholly owned subsidiary of Morningstar, Inc. He covers European passive funds.

Before joining Morningstar in September 2013, Lamont was a research analyst at Mergermarket, where he covered the infrastructure finance sector, and an associate at Markit, where he held an operational role within the portfolio valuations team.

Lamont holds a master’s degree in business economics and marketing from the University of Dundee and a master’s degree in investment, banking, and finance from the University of Glasgow. He also holds the Chartered Alternative Investment Analyst® designation and has passed Level I of the Chartered Financial Analyst® program.

Benjamin Joseph

Senior Analyst
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Benjamin Joseph is a senior manager research analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers fixed-income mutual funds.

Before joining Morningstar in 2017, Joseph spent two years managing a global commodities research company in Paris. Before that, he spent more than five years in the hedge fund industry as an analyst and a fund of hedge funds portfolio manager in Paris and New York.

Joseph holds a specialized postgraduate degree in financial techniques from ESSEC Business School, a master’s degree in business administration from Université Paris-Dauphine, and a bachelor’s degree in international business from Regent's Business School London. He also holds the Chartered Alternative Investment Analyst designation.

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