The Latest Breaking News from Morningstar

In their quest for yield, individual investors discovered a new favorite: private credit ETFs. A corner of the market previously held by institutions and pension plans— private debt— has entered the mainstream through funds that offer access, income, and “alternative” exposure in the comfort of an ETF package.

Christine Benz, Morningstar’s director of personal finance and retirement planning, recommends taking a preemptive approach as you get closer to retirement

While market volatility bubbles and macro uncertainty persists, investors are finding themselves once again besotted with a timeless safe haven: utilities. The Vanguard Utilities ETF (NYSE:VPU) has surged into a new 52-week high, up nearly 20% from its one-year trough, and reinvigorated interest in the broader utilities ETF universe.

New retirees might enter a different environment than their predecessors — the economy or market might have changed slightly or dramatically