Skip to Content
  1. Podcasts
  2. Simple, but Not Easy

Daniel Needham: How Changes in Active Management May Create Opportunities for Investors

The move to passive investing and the rise of ETFs has been one of the most powerful forces in asset management in the past decade. A corollary to this has been the decline of active management. But is active management really in decline? In this episode, Daniel Needham, president and global chief investment officer at Morningstar Investment Management, explores how active management has evolved, how ETFs are often used actively, and how investors may benefit from these changes--if they get a few things right. ALSO, in the Episode Notes section, please use the link to take our short survey. If you don't see Episode Notes, email us at

Simple, but Not Easy cover art

Listen Now

Listen and subscribe to Morningstar’s Simple, but Not Easy from your mobile device.

Please take our short survey!

Use this link to respond to a few questions to help us continue to deliver episodes you love, or let us know how we can improve.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.