We have placed the Morningstar Analyst Rating™ for the Martin Currie Pacific (MCP) fund Under Review following proposed changes to the mandate. The fund was previously rated Neutral. The proposed changes include changing the mandate from Asia inc-Japan to ex-Japan, and managing the fund in an absolute return, unconstrained approach. Shareholders are due to vote on this proposal in early July, at which point we will reassess our stance according to the outcome of that vote. If successful, it will result in a considerable change to the portfolio’s composition.
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