Sparinvest SICAV Global Value - Neutral

FUND RESEARCH UPDATE: Fund Rating downgraded to Neutral

Natalia Wolfstetter 12 January, 2015 | 9:51PM
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We have downgraded the Morningstar Analyst Rating™ for Sparinvest SICAV Global Value to Neutral. The fund had previously been rated Bronze. The fund offers exposure to value stocks, mainly from developed markets, within a low-turnover, unconstrained approach. Management’s willingness to buy stocks that are not favoured by the market can result in prolonged periods of underperformance.  While the approach is mainly bottom-up and stock-specific, underperformance has been largely driven by strong deviations in terms of country, currency and sector exposures. We continue to hold the management team in high regard, but it needs to prove that it can get a better handle on the risks of the approach.

See the latest Morningstar OBSR fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Liontrust Income A Acc GBP5.06 GBP-0.98Rating

About Author

Natalia Wolfstetter  ist Director Fund Analysis bei Morningstar

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