Morningstar's CEO Kunal Kapoor promotes transparency in private markets for advisors and investors

From Yahoo Finance: 2025-06-26 06:10:00

Morningstar’s CEO Kunal Kapoor started as a data analyst in 1997, now leading a workforce of over 10,000 employees and increasing the stock price threefold. Kapoor aims to create a “common language” for public and private investments, promoting transparency in private markets for advisors and investors.

Kapoor believes public markets will remain dominant but sees potential in private markets if they adopt frameworks for easier transactions and lower costs. With the increase in private companies and debt, advisors should consider these assets in client portfolios, balancing exposure based on liquidity needs.

Despite strong returns in recent decades, Kapoor warns of market moderation ahead. Advisors must prepare for potential shifts in returns and market dynamics, adapting their business strategies to manage clients and prospect for new ones in a changing investment landscape. The US market may normalize to historical levels, challenging long-held beliefs about sustained growth.

1. The stock market reached record highs today, with the S&P 500 and Nasdaq both closing at all-time highs. Investor optimism was fueled by positive economic data and strong corporate earnings reports.

2. The Federal Reserve announced that it will maintain its current interest rates, citing a strong economy and low inflation. This decision was widely expected by analysts and investors, who are now looking ahead to future Fed policy moves.

3. Tesla reported better-than-expected earnings for the fourth quarter, sending its stock price soaring. The electric car maker also announced plans to ramp up production of its Model Y SUV and expand its presence in China.

4. A new study found that eating a plant-based diet can significantly lower the risk of heart disease. Researchers discovered that those who followed a plant-based diet had a 32% lower risk of developing cardiovascular problems compared to those who did not.

5. The World Health Organization declared the coronavirus outbreak a global health emergency, as the number of cases continues to rise. Countries around the world are taking precautions to prevent the spread of the virus, including travel restrictions and quarantine measures.

Read more: Morningstar’s CEO Kunal Kapoor on Private Assets and ‘Extracting Gold’