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Scottish Oriental Smaller Companies Trust - Neutral

FUND RESEARCH UPDATE: Rating moved to Neutral

David Holder 29 February, 2016 | 7:04AM

Following a recent Morningstar Analyst Ratings Meeting we have moved the Scottish Oriental Smaller Companies (SST) investment trust to a Morningstar Analyst Rating™ of Neutral. The fund was previously Under Review following the announcement that Angus Tulloch was stepping down as co-manager on the trust as part of the splitting of the investment management resources within the First State group. Previously the trust held a Morningstar Analyst Rating™ of Bronze. Under the current management of Wi-Lee Hee, Martin Lau and Scott McNab we do not anticipate any material change to the investment approach. All three are First State stalwarts and each bring substantial experience in their own right. However we would like to see how the dynamic develops within the team and especially what impact the loss of Tulloch has upon Hee given that she has only been the principal decision maker here since July 2014.

 - 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
Scottish Oriental Smaller Cos Ord1,000.00 GBX0.00

About Author

David Holder  is a senior investment research analyst at Morningstar

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