Following the announcement on 1 April that the name of the Schroder UK Absolute Target Fund has changed to the Schroder European Absolute Target Fund, and that its objective and policy have changed from investing predominantly in the UK to investing on a Pan-European basis, Morningstar has placed the fund’s Morningstar Analyst Rating™ Under Review. The fund previously held a Bronze rating. Morningstar manager research analysts will be meeting with the manager in due course to discuss the new approach.
See the latest Morningstar OBSR fund rating news here.