Following the Morningstar OBSR Analyst Ratings Meeting on 12th June 2014, we have upgraded the BlackRock Global Funds US Growth fund to a Morningstar OBSR Analyst Rating™ of Bronze. The fund previously held a Neutral rating following a change in management. The new manager Lawrence Kemp is an experienced manager who previously worked at UBS, where he was Head of Large-Cap Growth Equities, managing onshore and offshore versions of the UBS US Growth fund. Since joining BlackRock, Mr Kemp has assembled a promising team of six investors, three of whom had worked with him previously at UBS. The manager and his team intend to employ the same strategy that achieved strong outperformance while at UBS, which seeks to invest in companies with the potential for superior growth. Given the accomplished management team and proven process, we believe the fund warrants a Bronze rating.
See the latest Morningstar OBSR fund rating news here.
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