Following the Morningstar OBSR Analyst Ratings Meeting on 7th May 2014, we have upgraded the Parvest Equity USA Mid Cap fund to a Morningstar OBSR Analyst Rating™ of Silver. The fund previously held a Bronze rating. We are impressed by the stability of the three-person portfolio management team whose experience together, applying the same process, now totals more than a decade. Investors in the fund have benefited from the continuity in management and the consistent application of the mid-cap value process, as evidenced by the fund’s outperformance relative to its US peers and benchmark. We therefore believe a Silver rating is a more appropriate reflection of the fund’s positive attributes.
See the latest Morningstar OBSR fund rating news here.
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