Neptune European Opportunities - Bronze

FUND RESEARCH UPDATE: Fund rating downgraded to Bronze

Jeremy Beckwith 1 July, 2015 | 7:31AM
Facebook Twitter LinkedIn

Following a recent Morningstar Analyst Ratings Meeting, we have downgraded the Neptune European Opportunities fund to a Morningstar Analyst Rating™ of Bronze. The fund previously held a Silver rating. The fund remains a solid choice as an unconstrained European equity offering, boasting a talented and longstanding manager in Rob Burnett. However, the risk-return profile of the fund has deteriorated over recent years as the manager has made a number of ill-timed shifts in the portfolio which have resulted in significant performance variability and heavily weighed on the fund’s three- and five-year risk-adjusted returns. Whilst we continue to think very well of Burnett and expect investors to benefit from his moves to limit short-term trading and make better use of the risk management tools at his disposal, we believe a Bronze rating provides a better reflection of the fund’s relative merits.

See the latest Morningstar 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.

Facebook Twitter LinkedIn

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures