Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week fund analysts reveal new ratings for Amundi and Vontobel, and a downgrade for Fidelity

Morningstar Analysts 30 April, 2018 | 12:50AM
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New Ratings

Amundi IS MSCI Europe Quality Factor ETF (QCEU) - Bronze

Dimitar Boyadzhiev

This fund is a sensible choice for those seeking to invest in the higher-quality segment of the European stock market. The fund’s underlying index selects stocks from MSCI Europe with strong profitability, consistent earnings, and low levels of debt. Countries and sectors are not capped, allowing the fund’s allocation to deviate away from the broad market. While the fund’s defensive posture should help it outperform its Morningstar Category peers in down markets, it may hold it back in up markets. All told, we have a strong conviction in the fund’s process, but its limited live track record limits its Morningstar Analyst Rating to Bronze.

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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
Amundi IS MSCI Europe Quality Fctr ETF-C97.90 EUR-1.72Rating
Fidelity Euro Blue Chip A-Dis-EUR26.16 EUR-1.12Rating

About Author

Morningstar Analysts   -