Morningstar Downgrades BlackRock World Mining

FUND RESEARCH UPDATE: A change in the management team coupled with a deterioration in the risk-return profile has lessened our conviction

Jeremy Beckwith 1 April, 2015 | 6:00AM
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Morningstar analysts have downgraded the BlackRock Global Funds World Mining fund to Silver from Gold. The fund's co-manager, Catherine Raw, will relinquish her responsibilities at the end of April and will be replaced by Olivia Markham, who will work alongside current co-manager and team head Evy Hambro.

While we acknowledge the breadth and expertise of the team under the continued leadership of experienced Hambro, we believe Raw's departure will be a significant loss to the team given her intimate involvement in the daily running of the fund and exceptional research support. This impending change in the management team coupled with the deteriorating risk/return profile of the fund has slightly lessened our overall conviction.

Access a summary of the Analyst Research Report at no cost; Premium members benefit from the full report covering the funds' People, Parent, Process, Performance and Price.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BGF World Mining A262.61 USD0.33Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK

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