BlackRock UK Smaller Companies - Neutral

FUND RESEARCH UPDATE: Fund Rating downgraded to Neutral

Jeremy Beckwith 3 March, 2015 | 9:04AM
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Following a recent Morningstar Analyst Ratings Meeting, we have downgraded the BlackRock UK Smaller Companies fund to a Morningstar Analyst Rating™ of Neutral. The fund previously held a Bronze rating. We are concerned by Mr Cox’s increased workload following his promotion to head the team as well as the additional lead portfolio management responsibilities he has recently taken on. In addition, Mr Cox’s recent execution of what has proven to be a successful approach in the past has been disappointing in our view. In combination this has led us to have lower conviction in this fund.

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock UK Smaller Companies A Acc1,434.01 GBP-0.21Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK