First State Asia Pacific Leaders - Silver

FUND RESEARCH UPDATE: Fund rating downgraded to Silver

Jeremy Beckwith 26 June, 2015 | 6:56AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the First State Asia Pacific Leaders fund to a Morningstar Analyst Rating™ of Silver. The fund previously held a Gold rating. First State Stewart has announced that it will be splitting into two totally separate entities from 1st July 2015. Although this fund will continue to be managed by Angus Tulloch using the same investment approach, post the split there will be a loss of investment resources supporting the Asia research effort. This and changes to support functions have resulted in us taking a cautious

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Stewart Inv APAC Ldrs Sstby A GBP Acc9.61 GBP-0.30Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK