Morningstar Advisor - February/March 2011 - (Page 3)

February/March 2011 Features Spotlight: Active and Passive Investing Morningstar Conversation 52 Undiscovered Managers 58 Put Down the Gloves Both approaches have value, but there’s more to investing than deciding whether to be active or passive. 40 The Weighting Game, and Other Puzzles of Indexing Our experts discuss the state of passive investing. Leaving the Nest Three years after departing First Eagle, Charles de Vaulx and company are thriving on their own. It’s More About Costs Than Active or Passive Simply indexing doesn’t get you very far. Low-cost investing does. 44 Play Your Stars How the best active managers can play multiple positions in a diversified portfolio. 46 In Between Active and Passive Using quantitative methods, enhanced-index strategies add an active component to passive investing. 49 Selling Beta as Alpha Why large fund families charge active prices for closet indexers. 3

Table of Contents for the Digital Edition of Morningstar Advisor - February/March 2011

Morningstar Advisor - February/March 2011
Letter From the Editor
First, Do No Harm
Do You Use Active or Passive Investment Strategies?
Best of Both Worlds
How to Build an Index
Accountable Investor
Nice Guys Finish First
Four Picks for the Present
Investment Briefs
A New Guardrail Against Risk
Tech Loosens the Purse Strings (a Bit)
It’s More About Costs Than Active or Passive
Play Your Stars
In Between Active and Passive
Selling Beta as Alpha
The Weighting Game, and Other Puzzles of Indexing
Leaving the Nest
Redefining Credit Risk
Another Vote for Market-Based Credit-Risk Measures
Big Opportunities in Small-Cap Stocks
Benchmarks? What Benchmarks?
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
VA Sales Slide, but Assets on the Rise
Indexing’s Lunatic Fringe

Morningstar Advisor - February/March 2011