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BlackRock Global Funds World Energy - Bronze

FUND RESEARCH UPDATE: Fund rating moved to Bronze

Fatima Khizou 25 November, 2015 | 1:42PM

Following a recent Morningstar Analyst Ratings meeting, we have awarded the BlackRock Global Funds World Energy Fund a Morningstar Analyst Rating™ of Bronze. The fund’s rating was placed Under Review (previously Silver) following the announcement that co-manager Robin Batchelor is to retire and leave the firm by the end of 2015. Alastair Bishop, who joined the BlackRock’s resources team in 2010 as an energy analyst, was appointed to the role of co-manager alongside current co-manager Poppy Allonby. While we acknowledge the continuity and experience provided by Allonby and have been encouraged by Bishop’s input over the years, we believe Bachelor’s departure will be a loss to the team given his expertise, particularly in the current environment. This impending change in the management team has lessened our highly positive view of the fund.

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
BGF World Energy A215.27 USD-0.21

About Author

Fatima Khizou  is an Investment Research Analyst for Morningstar

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