Morningstar’s latest equity benchmark aims to spotlight management teams that excel in investment, balance-sheet and shareholder distribution decisions, with Global X becoming its first ETF adopter.
Morningstar has launched the Morningstar US Capital Allocation Leaders Index, a research-driven benchmark designed to identify large- and mid-cap US companies with management teams that demonstrate strong capital allocation practices. The index draws constituents from the Morningstar US Target Market Exposure Index The index combines Morningstar’s equity research with a rules-based methodology and is built around the firm’s Capital Allocation Rating, a forward-looking assessment