Skip to Content
  1. Authors
  2. Paul Justice

Paul Justice

Paul Justice, CFA, is director of fund research methodology for Morningstar. In this role, he serves as the primary liaison between Morningstar’s fund research team and the firm’s institutional software platforms. Prior to assuming his current role, he was director of passive funds research for North America, where he managed 10 North American research analysts covering exchange-traded funds and passive open-end mutual funds.

Justice has more than a decade of financial research experience. He is quoted regularly in the media and has appeared in most major U.S. business publications. He also frequently speaks at conferences across the globe and has made several television appearances.

Prior to joining the passive funds research team in 2008, Justice was a senior equity analyst and team leader, covering the energy sector. Prior to joining Morningstar in 2004, he performed credit analysis at Merrill Lynch.

Justice holds a bachelor’s degree in economics from the University of Illinois and a master’s degree in finance from DePaul University. He also holds the Chartered Financial Analyst® designation.


Michael Iachini of Charles Schwab says investors need the most assistance in narrowing down the expanding investment universe and in trading ETFs effectively.

Premiums and discounts spiked for some illiquid funds, but the broad-market fixed-income ETFs performed admirably during the recent market volatility, says Morningstar's Tim Strauts.

WisdomTree CEO Jonathan Steinberg thinks that investors are becoming more interested in emerging-markets sovereign debt because those nations are displaying better fiscal discipline than developed countries.

Morningstar's Patty Oey on the makeup of the biggest emerging-markets exchange-traded funds, some of the major trends driving those markets today, plus two ways to play South Korea.

By allowing active management of risk at low cost with tax efficiency, ETFs provide an important building block for outcome-based investing, says Russell Investments CIO Erik Ristuben.

Morningstar's Paul Justice and Mike Rawson discuss the differences among the major index families and how to manage market exposures and taxes using ETF holdings.

The USCI Fund offers individuals a new, and possibly better, approach to access the commodity market but risks remain, according to Morningstar's Ben Johnson.