Investec Diversified Growth - Neutral

FUND RESEARCH UPDATE: New Fund Rating of Neutral

Randal Goldsmith 23 February, 2016 | 11:48AM
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Following a Morningstar Analyst Ratings Meeting we have initiated coverage of the Investec Diversified Growth fund with a Morningstar Analyst Rating™ of Neutral. The fund has had significant inflows over the past 18 months, taking it to £1.1bn by the end of December 2015 from £130m in the middle of 2014, indicating strong investor interest. The fund targets a long term real return of CPI+5% with half the volatility of equities, and applies an unconstrained multi-asset investment approach to achieve it. While supported by a well-resourced investment team and an interesting process, changes to the process in recent years mean that more time is required to build up conviction in it.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Ninety One Diversified Gr A Acc133.55 GBP-0.72Rating

About Author

Randal Goldsmith  is a Manager Research Analyst with Morningstar.