Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: Fund analyst updates on JP Morgan UK Smaller Companies, PIMCO GIS Income, Allianz Continental European and BlackRock Global Funds

Morningstar Analysts 5 June, 2017 | 2:04PM
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New Ratings

PIMCO GIS Income – Silver

Mara Dobrescu

This fund boasts impressive resources under the leadership of Dan Ivascyn (who has been the lead manager of its U.S.-domiciled variant, PIMCO Income, since 2007) and Alfred Murata. It has largely delivered on its income mandate over time, thanks in particular to a significant stake in non-agency mortgages. The team has maintained that stake despite the strategy's torrid growth (they managed $124 billion in the style as of March 2017 including other vehicles), but the non-agency mortgage sector continues to shrink by roughly 10% to 15% per year. That argues for monitoring the fund's growth, although we believe the strategy still has what it takes to outperform its peers.

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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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Allianz Continental European A Acc1,951.03 GBP-0.14Rating
BGF Systematic Glb SmallCap D2 EUR130.67 EUR0.50Rating
JPM UK Smaller Companies C Acc7.57 GBP-0.29Rating
JPMorgan Smaller Companies Ord400.50 GBP0.25Rating
PIMCO GIS Income R USD Inc10.63 USD-0.09Rating
Schroder UK Dynamic Smaller Coms A Acc5.65 GBP-0.30Rating

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