Investec Global Gold - 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 Global Gold 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 head of the commodities and 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 George Cheveley and Hanré Rossouw. Rossouw joined Investec in 2013 as investment specialist within the commodities and resources team. This marks the second change in management in the last two years. We therefore believe a Neutral rating to be appropriate at this current time 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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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Ninety One Global Gold A Acc £226.26 GBP-0.36Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK

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