Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: Fund analysts reveal why they have downgraded funds from Parvest, BlackRock and Schroders

Morningstar Analysts 8 August, 2017 | 12:08PM
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New Ratings

Amundi ETF Government Bond Lowest Rated EuroMTS Inv Grade (X1G) – Neutral

DB X-Trackers II iBoxx Sovereigns Eurozone Yield Plus ETF (XY4P) – Neutral

Jose Garcia-Zarate

Although tracking different indices, both these ETF provide exposure to the group of investment-grade Eurozone government bond issuers offering the highest yields. More often than not, these are issuers carrying the lowest ratings.  Recent past performance has been very good as a direct result of the ECB intervention in favour of the euro and the positive effects this has had on peripheral debt.

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