Threadneedle (Lux) UK Equities Rated Neutral

FUND RESEARCH UPDATE: Fund rating issued at Neutral following review of former Silver rating

Jeremy Beckwith 2 April, 2015 | 6:00AM

Following a recent Morningstar Analyst Ratings Meeting, we have moved the Threadneedle (Lux) UK Equities fund to a Morningstar Analyst Rating™ of Neutral. The fund was previously Under Review, following the departure of manager Simon Brazier and three analysts. Chris Kinder has taken over as lead manager. He has a good track record on an extended alpha fund, but we need to see how he adapts to running significantly more assets in a long-only strategy. Given this, and the team level changes, we do not have the conviction to award a positive rating at this time.

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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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Threadneedle (Lux) UK Equities AG28.10 GBP0.14

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK

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