Following the Morningstar OBSR Analyst Ratings Meeting on 10th October 2013, we have moved the Cazenove European Equity ex UK fund to a
Morningstar OBSR Analyst Rating™ of Bronze. The fund was previously Under Review following the departure of lead manager Chris Rice in June 2013. Steve Cordell, who has worked alongside Mr Rice since 1998, has assumed responsibility for the fund. Like his predecessor, Mr Cordell is highly experienced and he has demonstrated skill in applying the same top-down investment process on his pan-European equity fund. In addition, Mr Cordell benefits from the backup of the same seasoned team, which provides an element of continuity.
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