Stewart Investors Asia Pacific - Neutral

FUND RESEARCH UPDATE: Fund Rating moved to Neutral

Simon Dorricott 3 March, 2016 | 7:46AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the Stewart Investors Asia Pacific fund to a Morningstar Analyst Rating™ of Neutral. The fund was previously Under Review following the announcement of the change of manager that is due to take place in July 2016. From that date, lead manager responsibility will pass from Angus Tulloch to Ashish Swarup. Swarup is a relatively new addition to the Stewart Investors team, having joined the group in 2014, and has not managed money at the group in the past, however, he does have experience as a GEM manager and a successful track record from his previous house, Fidelity. He also appears to be fully integrated into the Stewart Investors investment process and philosophy and will draw on group resources in managing this fund. There is therefore some future potential, but given the new manager’s lack of experience in managing an Asian equity fund, it is too early for us to award a positive rating.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Stewart Inv APAC and Jpn Sstby A GBP Acc16.61 GBP-0.12Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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