Nordea-1 North American Value - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral

Ruli Viljoen 31 March, 2014 | 12:44PM
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Following the Morningstar OBSR Analyst Ratings Meeting on 13th March 2014, we have moved the Nordea-1 North American Value fund to a Morningstar OBSR Analyst Rating™ of Neutral. The fund was previously Under Review following a change in management and the investment process. The new sub-adviser, The London Company, a firm based in the US, will follow a value approach with a focus on downside protection. We need time to build conviction in the fund’s new team and process so we are therefore awarding the fund a Neutral rating.

See the latest Morningstar OBSR fund rating news here.

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
Nordea 1 - North American Value AP USD  

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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