Following the sad announcement by Cullen Capital Management that John Gould has passed away, we are moving the Morningstar OBSR Analyst Rating™ of the Cullen North American High Dividend Value Equity fund to Under Review. The fund previously held a Bronze rating. Mr Gould was a co-manager on the fund and our high regard for him was integral to our positive rating. Co-manager James Cullen, a long-tenured investor and founder of the asset management group, remains a stabilising figure for the fund. Jennifer Chang, who has been at the firm since 2006 and has 12 years of investment experience, has been appointed as a co-manager alongside Mr Cullen. We will be meeting with the management team in due course to discuss this change.
See the latest Morningstar OBSR fund rating news here.
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