Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: Parvest Bond Euro Government, M&G Corporate Bond, M&G Strategic Corporate Bond, Neptune Global Alpha, Neptune Global Equity

Morningstar Analysts 3 October, 2016 | 3:23PM


Parvest Bond Euro GovernmentBronze

Mara Dobrescu

We have upgraded the Morningstar Analyst Rating for Parvest Bond Euro Government to Bronze, from Neutral. Investors benefit from the experience of manager Claude Guérin, who has been at the helm of the fund for more than a decade. The fund’s process, while not particularly distinctive, is expertly executed. However, as the fund’s portfolio doesn’t typically stray too far from the benchmark, its added value can be easily obscured by its fees. While we continue to criticize the high fees charged to retail clients, we also recognize that investors who are able to buy the fund’s rebate-free share class (P-C) get a much better deal, in absolute. Thus, we believe that, paired with more reasonable fees, this fund deserves our Bronze rating.

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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
BNP Paribas Euro Government Bd I C229.85 EUR-0.39
Liontrust Global Alpha C Acc GBP9.53 GBP2.16
Liontrust Global Equity A Acc GBP7.08 GBP1.21
M&G Corporate Bond GBP A Acc78.05 GBP-0.04
M&G Strategic Corporate Bond GBP A Acc131.64 GBP-0.02

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