JPMorgan Europe Micro Cap - Bronze

FUND RESEARCH UPDATE: Fund rating Silver to Bronze.

Ruli Viljoen 28 June, 2013 | 12:14AM
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Following the Morningstar OBSR Analyst Ratings Meeting on the 13th June 2013, we have downgraded the JPMorgan Europe Micro Cap fund to a Morningstar OBSR Analyst Rating™ of Bronze. The fund previously held a Silver Rating. The managers have a flexible investment approach and seek to outperform through different market cycles.  They have, however, struggled to achieve this in practice and we believe it is a demanding objective given their process.  We therefore believe a Bronze Rating better reflects our expectations for the fund through different market environments while highlighting our belief that it continues to hold appeal for investors with a long-term investment horizon, who can contend with the performance variability that is inherent to this asset class.

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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

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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