Following the recent announcement that Ignis Asset Management will be taken over by Standard Life Investments, pending FCA approval in late June, we have moved the Ignis Corporate Bond fund’s
Morningstar OBSR Analyst Rating™ to Under Review. The fund previously held a Bronze rating. Whilst we believe the fund is an attractive proposition for long-term credit investors and continues to be run diligently by fund manager Chris Bowie, we feel that until there is more clarity regarding the future of the proposition, it is prudent to place the fund’s rating Under Review at the current time.
See the latest Morningstar OBSR fund rating news here.
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