Hortense Bioy, CFA, is Director of Passive Funds Research within the Morningstar Manager Research team in Europe. Based in London, Hortense is responsible for providing independent research on European-domiciled passive funds ranging from ETFs and other exchangetraded products to traditional index funds. Prior to assuming her current role in 2012, she was an ETF analyst, covering European equity ETFs. Hortense joined Morningstar in 2010 from Bloomberg where she was a financial journalist. She began her career as an M&A analyst at Société Générale in Hong Kong. Hortense holds a Master’s Degree in Finance from Paris Sorbonne University and is a CFA charterholder.