JP Morgan UK Smaller Companies - Bronze

FUND RESEARCH UPDATE: Fund rating downgraded to Bronze

Jeremy Beckwith 13 April, 2015 | 3:49PM
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Following a recent Morningstar Analyst Ratings Meeting, we have downgraded the JP Morgan UK Smaller Companies fund to a Morningstar Analyst Rating™ of Bronze. The fund previously held a Silver rating. We continue to believe the fund has merit for investors seeking UK small-cap equity exposure, but we feel a Bronze rating provides a better reflection of our conviction in the fund at the current time. The fund’s process, in line with others managed by the JP Morgan European behavioural finance team, seeks exposure to companies with price and earnings momentum, value, and quality. However, the fund manager, Georgina Brittain, has had difficulty in obtaining the factor exposures sought by the process within the UK small-cap universe in recent years, which has slightly reduced our conviction here.

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
JPM UK Smaller Companies A Acc7.24 GBP0.45Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK