Cullen North American High Dividend Value Equity - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral

Ruli Viljoen 31 July, 2014 | 9:59AM
Facebook Twitter LinkedIn

Following the Morningstar OBSR Analyst Ratings Meeting on 10th July 2014, we have moved the Cullen North American High Dividend Value Equity fund to a Morningstar OBSR Analyst Rating™ of Neutral. The fund was put Under Review in April 2014 following the sad news that the fund’s co-manager, John Gould, had passed away. Although Jim Cullen continues to run the fund alongside new manager Jennifer Chang, who has been at the firm since 2006 and has 12 years of investment experience, we feel that the loss of Mr Gould is material to both decision-making and investment research at the firm. As a result, we feel that a Neutral rating is appropriate at the present time.

See the latest Morningstar OBSR 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.

Facebook Twitter LinkedIn

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK