Old Mutual Dynamic Bond: Qual. Rating Issued

Old Mutual Dynamic Bond fund now has a top man in charge, but it’s not cheap.

Alexander Prineas 15 June, 2010 | 5:36PM
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We have published a new Morningstar Qualitative Rating and Research Report for Old Mutual Dynamic Bond.

"This fund underperformed substantially during the credit crunch, losing over 42% in calendar year 2008, partly due to an early financials bet. The previous manager and former team head Andrew Tunks left the firm on the back of the poor performance here and across the firm’s fixed income offerings. Stewart Cowley joined Old Mutual in June 2009, and he immediately took over both this offering and the Old Mutual Global Strategic Bond fund. Cowley heads up the team and his experience in running global bonds and teams dates back to 1995; most notable was his time at BNY Mellon from 2000-08, where he was in charge of Newton International Bond and BNY Mellon Global Bond, delivering strong outperformance on both funds. We think his arrival at the team at Old Mutual strengthens it considerably. It’s a small team, but we hold it in high regard. Cowley has brought some broad macro expertise to the table and equity and bond managers alike are sharing views more frequently as he has encouraged a regular flow of information among them. . . ."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

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
Jupiter Monthly Income Bd L GBP Acc0.98 GBP0.03Rating

About Author

Alexander Prineas  is an associate director of manager research for Morningstar Australasia.

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