Analyst Turnover Prompts Fund Rating Downgrade

Among this week's new fund research from Morningstar is the downgrade of Schroder Global Emerging Markets following changes to the team

Holly Cook 13 October, 2011 | 1:39PM
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Morningstar fund analysts have updated their research on eight funds available for sale in the U.K. in the past week. Following their reviews, the analysts' conviction hasn't changed for seven of those funds, but one emerging markets offering has been downgraded following tweaks to the team and process. Click on the name of the fund below to read the Morningstar Research Report for that fund. Download details of the Morningstar Qualitative Rating including methodology here. To access the full list of recently-updated Morningstar Fund Analyst Reports, please click here.

Morningstar Research on Funds, ETFs and Stocks is available to Morningstar.co.uk Premium subscribers.

Rating Updates (No change to rating)
BGF European Focus (Superior)
Excerpt from report: This fund has many attractions but a high price tag takes a bit of shine off BGF European Focus.

Cazenove UK Growth & Income (Superior)
Excerpt from report: Cazenove UK Growth & Income is a strong option for investors seeking diversified and risk-controlled exposure to UK equities.

Cazenove European Equity ex UK (Superior)
Excerpt from report: Cazenove European Equity ex UK remains a worthy choice for investors seeking exposure to European equities.

Fidelity Euro Balanced (Standard)
Excerpt from report: We haven't significantly changed our opinion on the underlying strategies, and thus we maintain our view on this allocation product.

Fidelity European Opportunities (Superior)
Excerpt from report: Fidelity European Opportunities remains a strong proposition.

GS Japan Portfolio (Superior)
Excerpt from report: GS Japan Portfolio boasts a capable manager and a well-organised, experienced, and well-incentivised supporting cast.

Investec American Equity (Superior)
Excerpt from report: Investec GSF American Equity is a solid option within the U.S. equity universe but investors should expect above-average volatility.

Rating Downgrades
Schroder Global Emerging Markets (Standard)
Excerpt from report: Recent tweaks to the team and process have reduced our conviction in the Schroder Global Emerging Markets fund.

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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About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites

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