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BlackRock Global Funds New Energy - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral

Fatima Khizou 25 November, 2015 | 1:41PM

Following a recent Morningstar Analyst Ratings meeting, we have awarded the BlackRock Global Funds New Energy Fund a Morningstar Analyst Rating™ of Neutral. The fund’s rating was placed Under Review (previously Bronze) 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. In addition, our conviction in the team’s ability to execute this particularly strategy has waned.

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 Sustainable Energy A2 USD9.57 USD-1.02

About Author

Fatima Khizou  is an Investment Research Analyst for Morningstar

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