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Hansa Trust - Neutral

INVESTMENT TRUST RESEARCH UPDATE: New Trust rating of Neutral.

Jackie Beard, FCSI 3 January, 2014 | 10:19AM

We have initiated coverage of Hansa Trust (HAN) with a Morningstar Analyst Rating™ of Neutral. Managed by William Salomon and his family, this fund is very niche in its approach; Salomon is very transparent with his shareholders and his team takes a very long-term view in their search for capital growth. There’s also an eye to capital preservation, which will appeal to some. The portfolio is distorted by the family’s holding in Ocean Wilsons Holdings, which itself is heavily exposed to Brazil. We understand the rationale that keeps this holding in the fund until its value can be unlocked, but for most investors there’s likely too much complexity at this fund relative to Morningstar UK Flex-Cap Equity Category peers to warrant its use in a broader portfolio.

To see all the latest fund rating news click 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
Hansa Trust Ord183.40 GBX0.00

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

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