Neptune US Opportunities - Neutral

FUND RESEARCH UPDATE: Morningstar Analyst Rating moved to Neutral

Fatima Khizou 1 July, 2016 | 8:57AM
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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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Liontrust US Opportunities A Acc GBP9.30 GBP-0.28Rating

About Author

Fatima Khizou  is an Investment Research Analyst for Morningstar

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