Investing Insights

Bond yields are much higher today than they were in the era of zero interest rates. The income is drawing interest from investors wanting to benefit from the juicier payouts, and the money is flowing in. Multisector bond ETFs attracted $25 billion over the first 10 months of the year. High-yield bond ETFs had less, but still collected $6.7 billion. What are the risks of these ETFs, and how do they fit in your portfolio? Dan Sotiroff is the associate director for US passive strategies for Morningstar.

It’s Been a Long Time Since Bonds Looked This Good
On this episode:
00:00:00 Welcome
00:01:16 Multisector Bond ETFs: What They Are and What They Own
00:02:51 High-Yield vs. Multisector Bond ETFs: Similarities and Differences
00:03:39 Risks of Higher-Yield Bond ETFs and Where They Stand Now
00:06:16 How Multisector and High-Yield Bond ETFs Performed in 2026
00:07:52 Where Money Is Flowing, Diversification, and Time Horizon
00:11:15 Multisector and High-Yield Bond ETFs Morningstar Analysts Like, Plus Takeaway
Check out more from Morningstar:
Want to Invest in Anthropic? Here’s What to Know Before the IPO
Don’t Focus on Utilities Stocks’ Low Dividend Yields
Mortgage Rates Are Above 7%. Is It Better to Rent or Buy a Home Right Now?
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

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Anthropic’s days as a private company are ticking down. The artificial intelligence frontier lab was founded in 2021 and is reportedly expected to price in mid-November. Many market watchers are predicting the company’s IPO will be one of the biggest of the year. Anthropic recently updated its S-1 to disclose how much revenue it generated in Q3 2026. A key figure left blank in the Claude chatbot maker’s original filing with the SEC. What would the private company’s arrival to the public market mean for investors and what should they watch for? Harrison Rolfes is a senior research analyst for Morningstar’s PitchBook, and he’s been tracking Anthropic’s rise.

Anthropic’s IPO to Cast Long Shadow Over Private AI Stocks

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On this episode:
00:00:00 Welcome
00:01:36 What Anthropic Builds, Who Its Customers Are, and Its Rivals
00:03:33 Why PitchBook Lowered Anthropic’s AI Business Quality Score
00:05:45 Anthropic’s Revenue Growth, Spending, and Profitability Explained
00:10:45 Anthropic’s Debt and Long-Term Commitments, Plus Its Ownership Structure
00:13:57 Three Disclosures Wanted in Anthropic’s Amended Filing
00:17:56 SpaceX’s IPO Lesson, OpenAI’s Timing, and Anthropic IPO Takeaway

Check out more from Morningstar:
Don’t Focus on Utilities Stocks’ Low Dividend Yields
Mortgage Rates Are Above 7%. Is It Better to Rent or Buy a Home Right Now?
Are TIPS ETFs the Best Way to Fight Inflation?

Follow Morningstar on social:
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X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/
LinkedIn: https://www.linkedin.com/company/morningstar/

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

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Utilities: Investors Counting on Growth to Stop Recent Slump

On this episode:
00:00:00 Welcome
00:01:25 The Utilities Yield Gap: This Time is Different
00:05:44 Data Centers are Driving Growth—and Creating a Backlash
00:10:43 Regulatory Risk Poses a Threat
00:12:20 These Companies are Poised for Growth
00:19:35 But What About Dividends?
00:23:49 Key Takeaways for Investors Considering Utilities Stock

Check out more from Morningstar:
Mortgage Rates Are Above 7%. Is It Better to Rent or Buy a Home Right Now?
Are TIPS ETFs the Best Way to Fight Inflation?
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments

Follow Morningstar on social:
Facebook: https://www.facebook.com/MorningstarInc/
X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/
LinkedIn: https://www.linkedin.com/company/morningstar/

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

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High interest rates and expensive home prices are keeping some frustrated buyers on the sidelines. A 30-year fixed-rate mortgage recently crossed the 7% line and remains there, according to the Mortgage Bankers Association. And recently there’s an uptick in some buyers choosing adjustable-rate mortgages that come with a lower loan rate, but higher risk. Meanwhile, macroeconomic conditions are also squeezing homebuilders. So, when could affordability return to the housing market and where can investors find cheap stock opportunities? Suryansh Sharma is the director of equity research for Morningstar and covers the housing industry.

Sign up for PitchBook or Morningstar Direct to read Suryansh Sharma’s full report, US Housing: 2026 Q2.

On this episode:
00:00:00 Welcome
00:01:25 High Mortgage Rates and Prices Squeeze Buyers
00:02:46 How Rate Hikes and Cheap Mortgages Affect Home Sales
00:07:08 Rent vs. Buying: Comparing Monthly Housing Costs
00:08:11 Housing Market Risks, Mortgage Rate Outlook, and One Undervalued Stock
00:11:39 Ask the Economist: How Elections and the Economy Can Intersect

Check out more from Morningstar:
Are TIPS ETFs the Best Way to Fight Inflation?
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark

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X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/
LinkedIn: https://www.linkedin.com/company/morningstar/

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

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Is persistent inflation making TIPS ETFs more attractive? Hundreds of millions of dollars flowed into this niche investment in September, according to Morningstar data. Yet, there’s a debate over whether they’re an ideal way to defend against higher costs. Joining me is Dan Sotiroff to discuss what investors should know, including the risk, tax treatment, and top-rated ETFs. He’s the associate director of US passive strategies research for Morningstar.
Ask the Analyst: TIPS ETFs Protect Against Inflation. So Why Did Mine Lose Money?
On this episode:
00:00:00 Welcome
00:01:11 What TIPS ETFs Are and How They Work
00:02:28 Can TIPS ETFs Help Against Elevated Inflation?
00:04:39 Where Investor Money Is Going and How TIPS ETFs Performed
00:07:07 How Interest Rates Affect TIPS ETFs, Plus Other Risks
00:09:13 How TIPS ETFs Are Taxed
00:10:57 Gold- and Silver-Rated TIPS ETFs and Key Takeaways
Listen to more from Morningstar:
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
Why Are Some of the Strongest Stocks Struggling This Year?

Follow Morningstar on social:
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X: https://x.com/MorningstarInc
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