BNY Mellon Global Equity Income - Under Review

FUND RESEARCH UPDATE: Fund placed Under Review 

Muna Abu-Habsa 15 December, 2015 | 6:15PM
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Following the news that James Harries has relinquished his role as alternate fund manager of BNY Mellon Global Equity Income and left the fund group, we are placing the fund’s Morningstar Analyst Rating Under Review. The fund previously held a Silver rating. James Harries has managed this fund from launch in July 2010, in line with its UK-domiciled mirror, until August 2012 when Nick Clay became lead manager. The fund then continued to be managed in line with its mirror, with Harries being instrumental to portfolio-level decisions. Like most of Newton’s equity funds, this one leverages the firm's thematic approach to investing. However, Harries’ income focus, coupled with his unconventional macro-thinking, has at times caused the fund to deviate from the in-house stance. Nick Clay has now assumed responsibility for both funds and we will be meeting with him in due course to understand his specific plans here.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BNY Mellon Global Equity Inc GBP B Inc2.28 GBP-0.42Rating

About Author

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

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