Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: Morningstar fund analysts upgrade Stewart Investors Asia Pacific and downgrade Legg Mason UK Small Cap Opportunities

Morningstar Analysts 27 February, 2017 | 2:21PM
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Stewart Investors Asia PacificBronze

Simon Dorricott

This fund's rating was downgraded early last year due to the announcement of an impending manager change, with the highly-experienced manager Angus Tulloch planning to pass responsibility to Ashish Swarup in July that year. Swarup is now the sole decision-maker on the fund and has clearly been improving his knowledge of non-emerging-markets countries such as Australia over the past 18 months. He has now put in place a weekly meeting to discuss this fund's holdings and positioning with Tulloch and one other manager. This, together with the stock-specific changes we have seen in the portfolio so far, has increased our conviction in the continued application of the established and successful process.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Legg Mason RY US SmCp Opp A USD Dis(A)920.60 USD0.84Rating
Stewart Inv APAC and Jpn Sstby A GBP Acc16.39 GBP0.64
Vanguard FTSE Dev Wld ex-UK Eq Idx £ Acc527.19 GBP0.07Rating

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