Odey European Focus - Bronze

FUND RESEARCH UPDATE: Fund rating moved to Bronze

Muna Abu-Habsa 16 November, 2015 | 7:03AM
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Following a recent Morningstar Analyst Ratings meeting, we have reinstated the Bronze rating for Odey European Focus (previously Waverton European). The fund’s rating was Under Review during a period of transition for the fund and its manager, Oliver Kelton. Kelton left Waverton Investment Management in March 2015 to join Odey Asset Management, moving the fund across with him to the new firm. However, despite a new parent and a new fund name, we are confident that investors continue to be well-served by their fund manager. We have high conviction in the manager’s ability to drive the fund ahead of its peers and index through time and we think the added stability and resource provided by the new parent should benefit investors here.

See the latest Morningstar fund rating news here.

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About Author

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

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