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Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week, fund analysts reveal an upgrade for Schroder Asian Income and a downgrade for Murray Income trust

Morningstar Analysts 4 December, 2017 | 1:08PM

Upgrades

Schroder Asian IncomeSilver

Lena Tsymbaluk

As Richard Sennitt’s experience in running this strategy has grown, our conviction has increased. The fund in its current guise has been in place since 2009, having previously had an Asia-including-Japan remit, with no yield requirement. Sennitt has made effective use of Schroder's wide analytical resources and his disciplined execution of this strategy has led to a performance profile that has consistently rewarded long-term investors.

Downgrades

Murray Income Trust Ord – Neutral

David Holder

The fund is managed collegiately in Aberdeen’s Pan-European Equity team, with Charles Luke appointed by the board in October 2006 to be the principal decision maker. Aberdeen’s longstanding investment approach, which focuses on quality at the right price, remains a consistent feature. However, over the past 12 months the team has undergone some change in personnel and organisation which was designed to address underperformance, aid idea generation and process implementation. Thus far, there has been little evidence that this has added value for investors and consequently, our conviction in the pan-European process has diminished.

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
Murray Income Trust Ord774.00 GBX-1.65
Schroder Asian Income Acc471.41 GBP0.49
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