BNY Mellon American - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Ruli Viljoen 4 February, 2014 | 3:31PM
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Following the announcement by BNY Mellon that with effect from 13th February 2014 the fund will undergo changes in lead manager and strategy, we have placed the fund’s Rating Under Review. The fund previously held a Morningstar OBSR Analyst Rating™ of Bronze. The fund will continue to be managed by the US-based asset manager The Boston Company, a subsidiary of BNY Mellon Group. However, the lead manager will be Dave Daglio, who has managed The Boston Company’s Opportunistic Value strategies since 2005. The name of the fund is also changing from BNY Mellon American to The Boston Company US Opportunities. Furthermore, the fund’s style will change from a large-cap growth orientation towards an all-cap blend strategy. We have a meeting scheduled with Mr Daglio to clarify his plans for the fund.

See the latest Morningstar OBSR fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BNY Mellon US Opps GBP Inc  

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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