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Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: Fund analysts initiate coverage of Capital Group New World - and give it the top accolade of a Gold medal

Morningstar Analysts 12 June, 2017 | 11:19AM

New Ratings

Capital Group New WorldGold

Mathieu Caquineau

Capital Group New World is managed by a nine-person team with decades of experience in international and emerging-markets equity. The team also runs the same strategy sold in the United States under the American Funds brand. Rather than being a pure play on developing-markets equity, this fund often keeps a third or more of its assets invested in developed-markets stocks and a tenth in emerging-markets debt. The resulting portfolio is more conservative than pure emerging-markets funds. While it is unlikely to top the charts when emerging markets are at their best, this fund should continue to outperform in the long run thanks to its relatively conservative process, skilled management, and reasonable fees.

Ratings Moved from Under Review

Allianz Capital Plus – Bronze

Barbara Claus

The ratings had been placed under review owing to the announced departure of Matthias Born, who has headed, together with Thorsten Winkelmann, AllianzGI’s European Growth team. The team manages the equity sleeve of the fund, which provides the bulk of active performance. While Born is a seasoned manager whose departure is certainly a loss to the team, we draw comfort from the continuity provided by Winkelmann and the remaining team members. While our conviction is mainly based on the proven strategy of the fund’s equity sleeve, we also like the approach for its simplicity and transparency. The regular rebalancing and below-average fees should also prove beneficial in the long term.

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
Rating
Capital Group New World (LUX) Z13.55 USD0.31

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