Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: TCW Funds Emerging Markets Income and T.Rowe Price US Large Cap Growth Equity 

Morningstar Analysts 7 February, 2017 | 11:50AM
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New Ratings

TCW Funds Emerging Markets Income - Bronze

Shannon Kirwin

This fund's managers, Penny Foley, David Robbins and Javier Segovia, boast extensive experience in emerging-markets debt and are backed by a stable and robust team of analysts. The team employs a flexible approach that blends exposures to hard-currency, local-currency and emerging-markets corporate debt. The managers have employed that flexibility with skill, outperforming a majority of peers since the fund's 2011 inception. However, the fund's high fees constitute a drawback.

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T.Rowe Price US Large Cap Growth Equity - Bronze

Mathieu Caquineau

This fund has a new manager. On Jan. 1, 2017, Taymour Tamaddon replaced Rob Sharps, who successfully ran the strategy for 15 years. Tamaddon has no track record at a diversified fund, but some elements work in his favour. Tamaddon joined the firm in 2004 as a healthcare analyst and had a short but strong three-year tenure running the US-sold fund, T. Rowe Price Health Sciences. He will rely on the same analyst team as Sharps, which has contributed to good results for the fund's growth offerings despite some turnover. Finally, competitive fees and a strong parent also work in the fund’s favour. The fund’s Morningstar Analyst Rating is upgraded to Bronze from Neutral.

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
T. Rowe Price US Lg Cap Gr Eq Q USD45.95 USD-1.19Rating

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