BlackRock Corporate Bond - Bronze

FUND RESEARCH UPDATE: Fund rating reinstated at Bronze

Ashis Dash 19 August, 2015 | 6:36AM

Following a recent Morningstar Analyst Ratings Meeting, we have reinstated the BlackRock Corporate Bond fund’s Morningstar Analyst Rating™ of Bronze. The fund’s rating was previously Under Review following the announcement that Simon Blundell will relinquish his responsibilities as co-manager of the fund to take on the role of head BlackRock’s Sterling credit. Ben Edwards has now taken over sole management of the fund, having served as the co-manager on the fund since May 2012. We have a positive view of Edwards, bolstered by the fact that he continues to work closely with Blundell and employ the same flexible yet risk-aware process that Blundell and he used to good effect during their tenure as co-managers. We thus reinstate our Bronze rating.

See the latest Morningstar fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Corporate Bond A Acc356.00 GBP0.11

About Author

Ashis Dash  is a Morningstar Fund Analyst

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