BlackRock Global Funds Global Opportunities - Neutral

FUND RESEARCH UPDATE: New fund rating of Neutral

Muna Abu-Habsa 16 October, 2015 | 7:10AM
Facebook Twitter LinkedIn

Following a recent Morningstar Analyst Ratings meeting, we have awarded BlackRock Global Funds Global Opportunities a Morningstar Analyst Rating™ of Neutral. There has been a significant amount of change at this fund, in terms of the lead manager’s supporting cast and the fund's process, and we would like to see a prolonged period of stability. The strong long-term performance of this fund is fueled by a period that begins when experienced manager Tom Callan took the helm in April 1999 and extends to April 2009, when the strategy was focused on small- and mid-cap stocks. Its 5.01% annualised return beat the 1.62% loss posted by peers during that time. However, performance has struggled since a mandate change in May 2009 which resulted in the portfolio’s average market cap increasing from $2 billion to $22 billion in the space of a year.

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.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BGF Global Long-Horizon Equity A293.90 USD-0.27Rating

About Author

Muna Abu-Habsa  is a senior investment research analyst at Morningstar

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures