Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: BlackRock Fixed Income Global Opportunities, SPDR S&P 400 US Mid Cap ETF and BGF Fixed Income Global Opportunities

Morningstar Analysts 10 April, 2017 | 3:13PM
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New Ratings

BlackRock Fixed Income Global OpportunitiesBronze

Ashis Dash

The fund spreads risk across sectors, regions, and issuers and emphasizes taking many small bets rather than fewer, larger ones. The four-person management team led by Rick Rieder has used the fund’s flexibility to their advantage across a variety of market environments, including both weak and strong credit markets as well as periods of rising and falling interest rates. While there are slight differences between this GBP-denominated fund and its longer running US-domiciled variant, the Silver-rated BlackRock Strategic Income Opportunities, investors have been served well since Rieder took reins of the latter in 2010 in our opinion. Their disciplined, risk-focused process stands out in a category of risk-takers.

SPDR S&P 400 US Mid Cap ETFGold

Monika Dutt

SPDR S&P MidCap 400 ETF offers diversified exposure to U.S. mid-cap stocks. A soundly constructed and reasonably representative benchmark leave this exchange-traded fund well positioned to continue its long streak of producing superior risk-adjusted returns relative to its peers over the long haul. With an ongoing charge of 0.30%, this fund provides cheap exposure to US mid-cap stocks. All factors considered, it deserves a Morningstar Analyst Rating of Gold.

Upgrades

BGF Fixed Income Global OpportunitiesSilver

Ashis Dash  

The fund spreads risk across sectors, regions, and issuers and emphasizes taking many small bets rather than fewer, larger ones. The four-person management team led by Rick Rieder has used the fund’s flexibility to their advantage across a variety of market environments, including both weak and strong credit markets as well as periods of rising and falling interest rates. In our opinion, investors have been served well since Rieder took reins of the longer running US-domiciled variant of this fund, the silver-rated BlackRock Strategic Income Opportunities, in 2010. In a category of risk-takers, their disciplined, risk-focused process stands out. The fund’s below median fees also add to its attractiveness.

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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