Following a recent Morningstar Analyst Ratings meeting, we have moved the Artemis Income fund to a Morningstar Analyst Rating™ of Bronze. The fund was previously Under Review following the departure of co-manager Adrian Gosden. Prior to that it held a Gold rating. While we continue to have a high regard for senior co-manager Adrian Frost and the consistency of the approach, the loss of Gosden is significant and presents challenges over the short term. This, combined with the trend of disappointing performance, has lowered our conviction in the fund. We are therefore lowering the rating.
See the latest Morningstar fund rating news here.
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