FP Argonaut European Income - Neutral

FUND RESEARCH UPDATE: Fund Rating moved to Neutral

Samuel Meakin 8 April, 2016 | 6:04PM
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Following the announcement that Liontrust is to acquire the Argonaut European Income fund, with portfolio manager Oliver Russ moving with the fund to Liontrust, we have moved the fund’s Morningstar Analyst Rating™ to Neutral. The fund was previously rated Bronze. Russ has managed this fund since its inception in 2005 and was a co-founder of Argonaut Capital Partners alongside Barry Norris. Although we believe the manager’s approach to European equity-income investing is unlikely to be altered significantly, we believe the change in parent and the process of transfer of the fund come with a degree of uncertainty that has lowered our conviction in the fund.

See the latest Morningstar fund rating news here.

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Samuel Meakin  is a fund analyst for Morningstar

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