Old Mutual UK Smaller Companies Focus - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Simon Dorricott 2 November, 2015 | 5:12PM
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Following the news that fund manager Dan Nickols is to step down from this fund and pass management responsibility to Nick Williamson in January 2016, we have placed the Old Mutual UK Smaller Companies Focus fund Under Review. The fund previously held a Morningstar Analyst Rating™ of Gold. Williamson has worked as a deputy manager alongside Nickols since 2013 and has been on the UK small and mid-cap equity team since October 2008, so has a good grounding in the investment process employed at Old Mutual. However, despite this he does not have a track record managing money in his own right. He will undoubtedly continue to operate within the team based approach he has been part of over the past seven years, but within that there is still scope for individual managers to impart their own views in terms of stock selection, timing of decisions and portfolio construction. We will wait to meet the new manager and assess his particular investment approach and style before awarding the fund a rating.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Jupiter UK Sml Coms Focus L GBP Inc14.12 GBP-0.46Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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