Investec GSF Enhanced Natural Resources - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral

Jeremy Beckwith 23 June, 2015 | 7:50AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the Investec GSF Enhanced Natural Resources fund to a Morningstar Analyst Rating™ of Neutral.  The fund’s rating was previously Under Review following the announcement that Bradley George will relinquish his responsibilities as the head of the commodities & resources team and co-manager of this fund. We view George’s departure as a loss, particularly as it has resulted in meaningful changes across the team. This fund is now co-managed by the new team head, Tom Nelson, and the existing co-manager George Cheveley. We acknowledge the continuity provided by Cheveley, who has run the fund since its launch; however, we believe some caution is warranted while we continue to monitor the new management structure and the implementation of the process.

See the latest Morningstar fund rating news here.

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Jeremy Beckwith  is Director of Manager Research for Morningstar UK