BlackRock Global Funds New Energy - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral

Fatima Khizou 25 November, 2015 | 1:41PM
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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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BGF Sustainable Energy A216.05 USD-1.01Rating

About Author

Fatima Khizou  is an Investment Research Analyst for Morningstar

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