Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: Fund analyst updates on German equity exchange traded funds, a PIMCO bond fund and why First State Global Resources has received a downgrade

Morningstar Analysts 3 July, 2017 | 1:33PM
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New Ratings

Lyxor Ibex 35 ETFNeutral

Jose Garcia Zarate

Investors simply seeking a tight-tracking, competitively priced passive fund to gain exposure to Spain’s Ibex 35 will find that this Lyxor ETF efficiently fits the bill. As an investment strategy, however, the Ibex 35 provides a less than ideal representation of the available opportunity set.  It has a distinct mega-cap bias, it is top-heavy at a single stock level and has been traditionally overweighted in financials. This exposes investors to above-average risk relative to peers with an ability to move down the cap spectrum and/or rebalance away from financials. On that basis, we initiate coverage with a Morningstar Analyst Rating of Neutral.

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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
iShares Core DAX® ETF (DE) Acc EUR133.97 EUR0.72Rating
Lyxor DAX (DR) ETF Acc147.15 EUR0.37Rating
PIMCO GIS Euro Income Bond E EUR Acc14.46 EUR-0.15Rating
Xtrackers DAX ETF 1C151.14 EUR0.76Rating

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