Old Mutual Corporate Bond and Old Mutual Global Strategic Bond - Under Review

FUND RESEARCH UPDATE: Funds moved to Under Review

Jeremy Beckwith 22 April, 2015 | 3:29PM
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Following the announcement from Old Mutual of the introduction of a team-based approach to its entire fixed-income fund range, Morningstar are placing the Morningstar Analyst Rating™ for the Old Mutual Global Strategic Bond fund and the Old Mutual Corporate Bond fund Under Review. The funds were previously rated Neutral and Bronze respectively. This new approach is accompanied by an overhaul of the team, which includes the departure of veteran manager Stewart Cowley, the appointment of John Peta as head of Emerging Market Debt and co-manager of the Old Mutual Global Strategic Bond fund, and the introduction of a new “Rates and LDI” team, headed by Russ Oxley. We are placing the funds Under Review until we have greater clarity on the impact of these changes on their fixed income investment process.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Jupiter Investment Grade Bd L GBP Acc2.72 GBP-0.50Rating
Merian Global Strategic Bond L GBP Acc3.82 GBP0.07Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK