Old Mutual Global Strategic Bond - Neutral

FUND RESEARCH UPDATE: Fund downgraded to Neutral from Bronze

Jeremy Beckwith 20 April, 2015 | 8:56AM
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Following a recent Morningstar Ratings Committee meeting, Morningstar has downgraded the Morningstar Analyst Rating™ for the Old Mutual Global Strategic Bond fund to Neutral. The fund was previously rated Bronze. The fund is run by the highly experienced Stewart Cowley and uses an unconstrained approach, notably in terms of its ability to use negative duration. This approach has produced very large performance deviations in recent years, such as massive underperformance in 2014, and a high risk profile, which makes the fund difficult to use for investors looking for global fixed income exposure. We no longer have the conviction that it will outperform its peers on a risk-adjusted basis over a full market cycle. 

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Merian Global Strategic Bond L GBP Acc3.82 GBP0.07Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK