Schroder European Alpha Plus - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Ruli Viljoen 8 May, 2014 | 3:39PM
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Following the announcement that Leon Howard-Spink is relinquishing his role as manager of the Schroder European Alpha Plus fund on 1st June 2014, we have placed the fund’s Morningstar OBSR Analyst Rating™ Under Review. The fund previously held a Silver rating. Mr Howard-Spink will be replaced by James Sym, who currently manages the Schroder European Alpha Income fund having assumed sole responsibility for its management in June 2013. Whilst we acknowledge Mr Sym’s European equity investment experience, our conviction in Schroder European Alpha Plus was largely based on the presence of Mr Howard-Spink. We will meet with the new manager in due course in order to assess the change.

See the latest Morningstar OBSR fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Schroder European Alpha Plus Inc1.58 GBP0.38Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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