Morningstar Wealth Unveils Six Public/Private Portfolios With 12–20% Private Allocation
MORN•Morningstar Wealth will partner with Apollo, Franklin Templeton and J.P. Morgan Asset Management to launch the Morningstar Public/Private Select Series, offering six risk-based portfolios blending ETFs with private credit and real estate interval funds comprising 12-20% allocations. The new suite leverages Morningstar Wealth’s $370 billion in AUM and research-driven asset allocation.
1. Partnership and Launch
Morningstar Wealth is collaborating with Apollo, Franklin Templeton and J.P. Morgan Asset Management to introduce the Public/Private Select Series, a suite of multi-manager portfolios integrating public market strategies and private market access. This marks Morningstar Wealth’s first co-branded model portfolio offering across leading asset management firms.
2. Portfolio Construction and Exposure
The series will consist of six risk-based allocations, ranging from capital preservation to aggressive growth, using ETFs for public markets and interval funds for private credit and real estate exposure. Private allocations will range from approximately 12% to 20%, tailored to each risk profile and prevailing market opportunities.
3. Strategic Impact
Leveraging Morningstar Wealth’s $370 billion in assets under management and its research-led asset allocation framework, the new portfolios aim to simplify private market access for advisors. The offering is designed to democratize complex private strategies, allowing advisors to focus on client outcomes rather than sourcing and managing underlying investments.
