Morningstar eliminated at least 2 very nice features in its new improved iteration.
1. The ability to compare results between 2 or more funds, year by year and over various time periods.
2. The ability to see the daily performance of stocks within a mutual fund's portfolio.
I did have a link to the old pages where I could still access these features, but it recently stopped working.
These were nice features - why did they ditch them? Am I missing something?
Comments
In its current iteration (at morningstar.com) one can still compare fund performance by using interactive graphs and selecting the desired time period. In the newest iteration (at investor.morningstar.com) you can find the interactive chart by looking for the "charting" icon down the left hand side (thanks to Yogi for finding this).
These issues have been extensively discussed in this thread:
https://mutualfundobserver.com/discuss/discussion/59701/m-screwing-everything-up-again/p1
They are also the subject of an August commentary
https://www.mutualfundobserver.com/2022/08/new-coke-the-ford-edsel-cheetos-lip-balm-and-morningstar-investor/
As annoying as removal of convenience features are, so long as one has access to the data, one can at least in theory make do. (Though pragmatically it may not be worth one's time and effort.) OTOH, it is impossible to compensate for data that is completely eliminated, such as brokerage availability.
Checking to see how a portfolio is doing on an intra-day basis is arguably a pointless activity that one should not be engaging in anyway. But it can be somewhat amusing -- for a certain kind of person.
Agree.
70% or more here is in mutual funds that only report after the markets close. But enjoy looking sometimes at how the ETFs and stocks are faring. Often, it’s a good indicator of how the day will go. If one has an IOS device, “Active Portfolio / Premium” ($35 a year) is excellent for that kind of real time tracking - though it falls short in other areas.
Fossil fuels are bad.
Gun manufacturing is immoral.
Making alcoholic beverages is morally wrong.
Diversity is a virtue, and lack thereof is undesirable.
Homosexual relationships are to be celebrated.
The fact is that all people of good will do not agree on these things.
Exxon doesn't care who its owners are. If you want to stop the existence of Exxon, try to stop consuming its evil products.
Certainly some ratings penalize (or exclude) the manufacture of alcoholic beverages for moral reasons. However, M*'s Sustainalytics concerns are not moral but (surprise) sustainability: https://www.morningstar.com/articles/1092686/hate-the-sin-love-the-stock-investors-esg-exclusions-leave-opportunities
With respect to mutual funds, I do consider diversity a virtue, but some investors like lack thereof, i.e. concentration.
That's a pretty good definition of poor governance - ignoring your shareholders. Ultimately that comes with consequences. https://insideclimatenews.org/news/17052022/charlie-penner-engine-no-1-exxonmobil/
That sounds like Exxon cared who its owners were - it opposed replacing board members and it responded to pressure by owners.
https://corpgov.law.harvard.edu/2021/07/23/eesg-activism-after-exxonmobil/
I get it.
With respect to mutual funds, I do consider diversity a virtue, but some investors like lack thereof, i.e. concentration.
Diversification in investments is certainly a virtue. (The only free lunch on Wall Street).
I was talking about conscious, forced, artificial "diversity" in the work force.
Our Water Works basket include PIO, FIW, and CGW.
Historically, M* has seemingly decided not to resolve known/reported issues.
"Bill.Baranyk (Employee)
21 hours ago
Hello Investor subscriber,
We're continuing to receive feedback from subscribers on the Investor experience, with an emphasis on the status of missing or incomplete features.
We take feedback seriously and want to show how we’re using it to improve Investor. So, we’d like to lay out what you can expect over the next six to nine months.
The status of legacy Portfolio Manager
Legacy Portfolio Manager will not be retired until the features in Investor's Portfolio help you accomplish the same tasks as legacy: monitoring your portfolio with relevant data in customizable views, understanding investment performance, and reviewing Portfolio X-Ray analysis on your holdings. Our goal is to add features to Portfolio that support those tasks by the end of 2022.
As we continue to build and release, you’ll see similar features to those in legacy, but you’ll also see new additions that improve how you research, analyze, and monitor investments.
But rest assured: Legacy will not be retired until all those features are successfully up and running in Investor. We’ll communicate our progress along the way, and if we aren’t on track to hit our goal, legacy will remain until we are.
Custom views
Custom views are coming to Investor, and they’ll be similar to the My Views feature in legacy Portfolio. The launch of views will come in phases, with the first phase rolling out in early September 2022. This launch will include an improved process for creating, editing, and sorting custom views and around 80 additional data points to work with.
The remaining phases will roll out throughout the rest of the year and will include expanded data points and more ways to control how you view information within tables. [We’re also determining the best way to bring over custom views you’ve already created in legacy Portfolio Manager.]
We’ll notify you as each phase launches.
Performance tracking
In the fall, we’ll add performance tracking to Investor for portfolios that have manually added purchases/sales. This includes both data and comparisons to similar benchmarks. Watchlists in Investor will not include functionality for performance tracking.
Investor will continue to evolve with the needs of our subscribers, so we’ll keep you informed as updates come. This approach may be a bit different than what you’ve experienced with Premium. It’s all in service of getting the right features into your hands, so you can focus on your investment goals.
We can’t wait for you to see what’s in store over the coming weeks and months.
Happy investing,
The Morningstar Investor team"
I haven't previously paid for a M* subscription nor do I intend to subscribe to Investor.
However, this is a very positive development in my opinion.