Brice Timmons

Morningstar's 'Vastly Superior' ETF Research?

Doesn't it defeat a good deal of the purpose in investing in index ETF's to pay for fundamental analysis of the makeup of the index? I thought (and I'm no expert by any means) that one of the great benefits of buying into index funds was that because the fund sought to mimic the composition and movements of an index or composite of indexes that it saved immensely on management costs and allocated risk and exposure across the width and breadth of the market. Why then would I pay for the very services that passively managed funds save money by cutting?