Following the Morningstar OBSR Analyst Ratings Meeting on 12th December 2013, we have moved the Schroder ISF Euro Corporate Bond fund to a
Morningstar OBSR Analyst Rating™ of Neutral. The fund was previously Under Review following the departure of the former fund manager, Adam Cordery. The new manager, Patrick Vogel, joined Schroder in July 2012 as head of the European Credit team. Mr Vogel has considerable experience in European fixed income management having been in the investment industry since 2000 and he has implemented a welcome reinvigoration of Schroder's European credit team. We are constructive on Schroder’s investment in the team; however, it is still early days for the new structure and we will continue to monitor the fund as the new team and process settle. For now, we have awarded a Neutral Rating.
See the latest Morningstar OBSR fund rating news here.
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