Michael Born has mapped the global landscape of faith-based funds—covering Christian, Catholic, and Shariah approaches. He stopped by the studio to discuss how doctrinal frameworks shape portfolios, influence costs and performance, and drive investor behavior.

Download the paper here: Faith-Based Investing

Does opting for an ESG strategy over a conventional one mean sacrificing dividend yield? Ronald van Genderen and Henry Ince examined whether equity income funds pay a price for incorporating environmental, social and governance factors into their investment processes. The answer might surprise you!  

Check out the paper here: When Income Meets ESG | Morningstar  

Eugene Gorbatikov explains why persistent outperformance is elusive for actively-managed funds, and when strategies have the best chances to hang on to a winning streak.  

Check out the full paper here: Persistence in European Mutual Fund Performance

Read the paper: ⁠AI in Active Fund Management: The State of Adoption in 2026⁠

Mathieu Caquineau and Monika Calay explain how fund managers are already incorporating AI tools into their investment processes and where the industry’s AI adopters are likely headed next. 

The UK voted to leave the European Union ten years ago. What have the consequences of that decision been for the nation’s equity market? Henry Ince and Michael Born have dug into the data and are here to share their insights into how the Brexit referendum has shaped investor experiences for the past decade—and what opportunities the future might hold.

Read the paper here: https://www.morningstar.com/en-gb/business/insights/research/brexit-impact-on-uk-market

Read the paper here: Opportunities in Artificial Intelligence

There's no denying that AI is fundamentally reshaping both the global economy and our daily lives. But should you reshape your portfolio to include a dedicated AI fund? Michael Field and Kenneth Lamont discuss the pros and cons of AI equities and whether it makes sense to invest in them at the current moment.

Read the papers here:

The State of ELTIFs 2026

LTAF Landscape 2026

Mara Dobrescu and Evangelia Gkeka dive into the growing world of European and UK semiliquid funds aimed at retail investors. Find out what ELTIFs and LTAFs are all about, how regulations in both markets have impacted these products’ development, and what to watch out for as in investor.

Read the paper here:  ⁠The Role of Semiliquid Funds in Portfolios | Morningstar⁠

The mainstreaming of private asset funds is in full swing, but many investors are still confused about what role these products should play in a portfolio. Chris Tate tackles some of the biggest claims being made about semiliquid funds' benefits--from their alleged volatility-smoothing powers to their sometimes eye-popping returns -- and explains what investors should realistically expect when buying one.

Read the paper here: Multi-Assets 2026

Tom Mills and Thomas DeFauw stop by the podcast to discuss their recent report on the European (and UK!) multi-asset fund landscape. Investors seem to be gradually regaining their trust in allocation funds after 2022's tough market, though some challenges remain. We cover the latest trends in the multi-asset space and discuss how different regulations across countries have led to remarkably different investor behavior.

Read the report here: European Active/Passive Barometer 2026

When should you invest in actively-managed funds and when is it better to stick to low-cost ETFs? If only there was a simple, research-based tool to help with the decision! In this episode, Eugene Gorbatikov and Jose Zarate present Morningstar's European Active/Passive Barometer--which helps investors overcome the active/passive dilemma by analyzing where active managers still have the best chances to eke out excess returns (and where they're facing the longest odds).