Brian Moriarty - Profile and Journalist Details

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Total articles 46

• Fixed Versus Floating: The Great Income Debate

  By Brian Moriarty| Morningstar@ One of the great dividing lines in the bond market is between fixed-rate and floating-rate debt. This difference has become especially stark since 2022, as the rise in short-term interest rates punished fixed-rate debt and buoyed floating-rate debt. While the outperformance of floating over fixed is unlikely to continue, understanding the differences can help investors get the most out of both. Borrowers prefer to issue fixed-rate debt.

  By Brian Moriarty · Morningstar

  Apr. 09, 2025

• New Private Credit Funds Want Your Money. Here’s Why You Should Be Cautious

  By Brian Moriarty| Morningstar@ The asset-management industry is tripping over itself to offer private credit funds to regular investors and advisors, and now the competitive landscape is taking shape. Firms have chosen at least four distinct paths: 1) the exchange-traded fund, 2) the interval fund, 3) the exchange-traded product, and 4) the model portfolio. The flagship example in this case is SPDR SSGA IG Public & Private Credit ETF PRIV, which we have written about extensively.

  By Brian Moriarty · Morningstar

  Mar. 28, 2025

• Will the SEC Force Changes in the SSGA Apollo Private Credit ETF?

  By Brian Moriarty, Eric Jacobson| Morningstar@ The SPDR SSGA Apollo IG Public & Private Credit ETF PRIV is off to a bumpy start. The SEC responded to State Street Global Advisors’ seismic private-credit exchange-traded fund rollout with a strongly worded letter on Feb. 27, 2025. That letter came as a surprise given that the agency didn’t stop the firm from launching the fund a day earlier. There may be no precedent for what’s happening right now.

  By Brian Moriarty, Eric Jacobson · Morningstar

  Mar. 11, 2025

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Morningstar

Morningstar, Inc. is a leading financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. The company started with a modest investment and has since grown into a billion-dollar enterprise with over 10,000 employees. Morningstar's mission is to illuminate investment opportunities for stakeholders, reflected in its name, which is inspired by a line from Henry David Thoreau’s *Walden*. Morningstar offers a range of services, including independent investment research, data solutions, investment management, retirement solutions, and software technology. Their investment research includes analysis of mutual funds, ETFs, stocks, and alternative investments, along with proprietary ratings. The firm serves a diverse clientele, including individual investors, financial advisors, asset managers, retirement plan providers, and institutional investors across various global markets.