Fidelity Moneybuilder Income Keeps Top Rating

Morningstar fund analysts have updated their research on 10 funds in the past week, including two downgrades and a reiteration of one Elite rating

Holly Cook 20 October, 2011 | 4:27PM
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Morningstar fund analysts have updated their research on 10 funds available for sale in the U.K. in the past week. Following their reviews, the analysts confirm they have downgraded the qualitative ratings of two Legg Mason funds, while reiterating their Elite rating for Fidelity Moneybuilder Income. Martin Currie GF Japan has also been added to their coverage.

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.

Initiations
Martin Currie GF Japan GBP (Superior)
Excerpt from report
: Martin Currie GF Japan remains a strong proposition in its Morningstar category.

Upgrades
None

Downgrades
Legg Mason Capital Management Value (Standard)
Excerpt from report: Changes at Legg Mason Capital Management Value combined with continuing underperformance lead us to downgrade its rating.

Legg Mason US Equity (Standard)
Excerpt from report
: Changes at Legg Mason US Equity combined with continuing underperformance lead us to downgrade its rating.

Updates (No change to overall rating)
Edinburgh Partners Europe (Superior)
Excerpt from report
: The fund continues to punch about its weight--it is an excellent offering in its category.

Fidelity Moneybuilder Income (Elite)
Excerpt from report
: In our view Fidelity MoneyBuilder Income is one of the very best sterling corporate bond funds for diversified and core exposure to this asset class.

Fidelity Strategic Bond (Superior)
Excerpt from report
: The manager of Fidelity Strategic Bond is experienced and risk-aware, and he is building an attractive track record at this relatively unconstrained fund.

Henderson Cautious Managed (Superior)
Excerpt from report
: Henderson Cautious Managed has an experienced manager and robust process, making it a strong long-term choice for cautious investors.

JPM European Dynamic (ex-UK) (Superior)
Excerpt from report
: Investors in JPM Europe Dynamic (ex UK) benefit from a consistent approach and an experienced management team.

JPM Global Consumer Trends (Superior)
Excerpt from report
: JPM Global Consumer Trends is a good way to benefit from structural changes in global consumer behaviour.

Schroder ISF BRIC (Standard)
Excerpt from report
: Schroder ISF BRIC is a sound enough choice, but we’d like to see more.

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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Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites

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