Brunner Investment Trust - Under Review

FUND RESEARCH UPDATE: Rating moved to Under Review

Morningstar Analysts 27 June, 2016 | 1:30PM
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Following the announcement of changes to the management team, we are placing the Brunner Investment Trust (BUT) Under Review. On 23 June, Brunner Investment Trust announced the departure of Jeremy Thomas from Allianz Global Investors, which manages the trust’s assets. Thomas had been comanager of the trust with Lucy MacDonald since 2010. At this time, it is understood that MacDonald, whose involvement with the trust dates back to 2005, will be sole manager with immediate effect. MacDonald is chief investment officer, global equities, at Allianz Global Investors and has been at the group since 2001. MacDonald had primary responsibility for the overseas element of the portfolio, which currently accounts for around two thirds of the trust’s assets, but does have experience of managing global equity mandates. In the light of this development, we have placed the fund Under Review pending further investigations into the implications of this change on the management of the trust.




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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Brunner Ord1,345.00 GBX0.37Rating

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