Allianz Gilt Yield - Neutral

FUND RESEARCH UPDATE: Fund Rating downgraded to Neutral

Ashis Dash 5 February, 2016 | 6:59AM

Following a recent Morningstar Analyst Ratings meeting, we have moved the Allianz Gilt Yield fund to a Morningstar Analyst Rating™ of Neutral. The fund’s rating was previously Under Review following the news that Mike Riddell will be replacing manager Michael Amey as part of Allianz Global Investors’ plans of bringing the management of the fund in-house from its previous subadvisers PIMCO. Riddell joined Allianz in October 2015 after a 12 year stint at M&G where he was most recently in-charge of managing M&G’s Gilt & Fixed Interest Income, Index-Linked Bond and Global Government Bond funds. Although he brings relevant UK gilts experience, we would like to see him settle in and see his implementation of Allianz’s team oriented investment approach over a longer period before increasing our conviction on 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
Allianz Gilt Yield C Inc193.36 GBP0.28

About Author

Ashis Dash  is a Morningstar Fund Analyst

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