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British Empire Trust - Neutral

FUND RESEARCH UPDATE: Rating moved to Neutral

David Holder 7 December, 2015 | 8:13PM

Following a  recent Morningstar Analyst Ratings Meeting, Morningstar has moved the British Empire Trust (BTEM) to a Morningstar Analyst Rating™ of Neutral. The fund’s rating  was Under Review following a  change of manager. Prior to being placed Under Review, the fund held a Silver rating.  On 30th September 2015 Joe Bauernfreund was appointed sole manager of the fund, having previously co-managed the fund with John Pennink since January 2013. We are confident that the unique investment approach pursued at British Empire will continue, however Bauernfreund’s experience as a fund manager is still limited. We feel at this stage that it is prudent to downgrade the fund’s rating to reflect the reduced role that the previous long standing fund manager Pennink will play in the future management of this fund.

 - 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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AVI Global Trust Ord752.00 GBX-0.66

About Author

David Holder  is a senior investment research analyst at Morningstar

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