ETFs

ETFs
December 2025

Levered Single-Stock ETFs

Hendrik Bessembinder

Research

58 Pages

Hendrik Bessembinder examines how constant leverage strategies behave over time, focusing on levered single stock exchange traded funds.

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Annual Report
December 2025

Charles Schwab ETFs and Beyond Study

Charles Schwab

Research

49 Pages

Charles Schwab presents its 2025 ETFs and Beyond Study on how individual investors use ETFs across their portfolios.

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ETFs
November 2025

What Short-Term Fund Performance Tells Us About Future Returns

Morningstar

Daniel Sotiroff, Eugene Gorbatikov

Article

10 Pages

Morningstar analyzes persistence in mutual fund and ETF performance to see whether top quartile winners stay on top.

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Wealth Management
September 2025

ETFs 2025: Cheap, Fat, Starving for Attention

Dave Nadig

Research

18 Pages

David Nadig gave a presentation on the state of the ETF industry: Cheap, Fat, Starving for Attention.

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Wealth Management
May 2025

A Comprehensive Guide to ETFs (2nd Edition)

CFA Institute

Dave Nadig, Elisabeth Kashner, Joanne Hill

Research

60 Pages

The CFA Institute’s 2nd edition of A Comprehensive Guide to ETFs provides an updated, neutral overview of the ETF ecosystem.

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Wealth Management
May 2025

2024 US Fund Fee Study

Morningstar

Zachary Evens, Bryan Armour

Research

42 Pages

Morningstar’s 2024 U.S. Fund Fee Study finds that investors paid record-low costs as the asset-weighted average expense ratio declined to 0.34% in 2024, less than half of its level two decades ago.

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Wealth Management
March 2025

Investment Company Fact Book

ICI

Research

154 Pages

The 2025 Investment Company Institute Fact Book provides a comprehensive snapshot of the global asset management industry.

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Markets
March 2025

When the Market Outgrows the Index

TCW

David Vick

Research

3 Pages

TCW’s report examines the limitations of the Bloomberg U.S. Aggregate Bond Index (the "Agg") in representing the full spectrum of fixed income opportunities.

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Wealth Management
September 2023

Securities Lending Provides Value. But Is It Enough To Make a Bad Fund Good?

Morningstar

Zachary Evens, Lan Anh Tran

Research

9 Pages

Morningstar explains how securities lending works inside mutual funds and ETFs and what it means for investors who own those funds.

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Wealth Management
April 2023

ETFs 2027: A world of new possibilities

PWC

Research

17 Pages

PwC examines how the global ETF market could develop by 2027 and where the next wave of growth may come from.

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