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Stephen Welch

Stephen Welch, CFA, is a senior manager research analyst, equity strategies, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.

Before joining Morningstar in 2019, Welch spent several years in proprietary trading, specializing in index option arbitrage and the futures market.

Welch holds a bachelor’s degree in computer engineering and mathematics from Vanderbilt University and a Master of Business Administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.


A Fresh Look at Active Equity ETFs
As more asset managers get into the active ETF game, here's a deeper dive into some of the traditional active equity players and their differences.