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Don Phillips

Don Phillips is a managing director with Morningstar.

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Instead of debating active versus passive investing, let’s focus on constructing better portfolios, writes Morningstar’s Don Phillips.

While the fund industry is by no means perfect, today it offers investors more low-cost, good-stewardship opportunities than ever before.

Eventually, even those parties who have so far successfully resisted fee pressure for their services by lowering the cost of complementary ones will have to adapt.

It's time for the leaders of the index movement to step up and reclaim the intellectual honesty that their early supporters advocated, says Morningstar's president of fund research Don Phillips.

It's time for the leaders of the index movement to step up and reclaim the intellectual honesty that their early supporters advocated, says Morningstar's president of fund research Don Phillips.