Corporate defined benefit plans are seen accelerating the trend to heavier fixed-income allocations.
Exxon Mobil has spent a lot to return cash to shareholders over the years.
Since September, Morningstar's stock has gained more than 50%.
High-yield default rates have dropped for three straight quarters, sitting at 4.9% at the end of the first quarter.
The Nasdaq Composite index returned more than 40% in 2020, outperforming all major equity indexes globally.
Positive vaccine news from Pfizer Inc. has had a dramatic impact on capital markets.
After more than a 35% drop at the March lows, the S&P TSX index has rebounded. Revenue of companies fell modestly in the second quarter.