February/March 2018 Strategies Research 38 China and the Middle-Income Trap 42 Tackling the New Tax Law in 2018 44 Investing Over the Lifecycle, Part III 47 Analyzing the Analyst Rating 51 Manager: Solid Gold Passive: A Compelling Alternative to Cash Equity: Cracking High Costs Tax Wise Quant U Investment Research Best Ideas 52 53 Investors Morningstar Conversation 54 Bitcoin and Beyond Q&A 60 Investors and Innovators 63 Risk Control 66 69 Tightening the Belt Sector Snapshot: Consumer Defensive 70 The Tax Man Cometh Undiscovered Manager Sector Rap User Profile Data Dashboard 72 78 Morningstar Global Market Barometer Morningstar Global Valuation Lens Morningstar Global Fund Flows 80 Ten Questions 74 4