June/July 2015
6
7
Dispatches
Contributors
Letter From the Editor
Letter From the Board
8
Valuation-Driven Asset Allocation
Phillips Curve
12
Remaining Vigilant on Stewardship
Policy
14
An Odd Focus on Funds
17
The 401(k) Millionaire
Ivory Towers
Behavior Gap
20
Providing Real Financial Planning
22
In Search of a True U.S. GDP
26
Americas
Greater Europe
Australia & New Zealand
Asia
Economic Outlook
Global Briefs
38
39
43
Spotlight
49
More Than Warm and Fuzzy
Good stewards of capital have produced
better results for investors.
53
Evaluating Capital Allocators
Standing Still Is Falling Behind
Fund Firms Embrace Portfolio Holdings Disclosure
54
56
3
Table of Contents for the Digital Edition of Morningstar Magazine - June/July 2015