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Neptune US Opportunities - Neutral

FUND RESEARCH UPDATE: Morningstar Analyst Rating moved to Neutral

Fatima Khizou 1 July, 2016 | 8:57AM

Following a recent Morningstar Analyst Ratings meeting, we have moved the Neptune US Opportunities fund to a Morningstar Analyst Rating™ of Neutral.  The fund previously held a Bronze rating before being placed Under Review following the departure of former manager, Felix Wintle, in May 2016.  We view Wintle’s departure as a loss given his deep knowledge and experience investing in US equities. This fund is now managed by James Hackman who is supported by co-manager Patrick Close. The former joined Neptune in 2012 as an analyst, before being promoted to lead manager on Neptune US Income fund in 2014, while Close joined the group in 2013. Furthermore, the new management team is using their CompoundEdge investment philosophy (a proprietary quality composite screening tool) which they have developed and employed on the Neptune US Income fund for a short period of time.  We therefore believe a Neutral rating to be a better reflection of our current view of the fund’s merits given the managers limited portfolio management experience and a relatively untested investment approach.

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
Neptune US Opportunities A Acc GBP5.52 GBP0.38

About Author

Fatima Khizou  is an Investment Research Analyst for Morningstar

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