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Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week, fund analysts reveal a new fund rating for Vanguard European and an upgrade for Henderson Smaller Companies Trust

Morningstar Analysts 27 November, 2017 | 12:46PM

New Ratings

Vanguard European Stock Index – Silver

Dimitar Boyadzhiev

We have a positive view of the strategy as defined by the MSCI Europe Index, as it is broad, diversified and well-representative of the category that has proved difficult to beat by active managers over time. It is also offered at a fee that is substantially lower than the average peer in the Europe Large Cap Blend Morningstar Category. We have a high conviction that this fund is a solid investment option.

Upgrades

Henderson Smaller Companies Ord – Silver

David Holder

The fund (HSL) is managed by the experienced Neil Hermon who has served investors well over his 15-year tenure on the trust. The wider team is stable, experienced and brings strong analytical focus to bare on an under-researched area of the market, all of which cement our increased conviction.

The investment approach is valuation conscious, but Hermon is willing to pay up for higher quality earnings growth; the resultant portfolio has a growth bias. We believe the fund is a compelling option for investors seeking exposure to a broad range of UK smaller companies from AIM-listed through to the FTSE 250 Index.

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
Henderson Smaller Companies Ord854.00 GBX0.00
Vanguard European Stock Idx Ins USD Acc23.84 USD0.42
About Author

Morningstar Analysts   -