Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week fund analysts reveal new ratings for Alken, M&G, Lindsell Train and Standard Life Investments

Morningstar Analysts 19 June, 2018 | 2:52PM

New Ratings

Alken Small Cap Europe - Silver

Mathieu Caquineau

Alken Small Cap Europe earns a Morningstar Analyst Rating of Silver. The fund benefits from a skilled team led by Nicolas Walewski, who has built a strong expertise in European small caps and mid-caps over the years. This is evidenced not only by the performance achieved on this strategy since 2010 but also by the excellent long-term track record of the firm’s all-cap fund, Alken European Opportunities, since 2006. The fund managers often take contrarian stances without paying attention to benchmarks. The resulting portfolio is intrepid, containing only around 50 stocks, with the top 10 holdings typically accounting for half of the assets. Such an approach is more aggressive than its peers, and it shows in its relative volatility. That said, over the long haul, the fund’s opportunistic and concentrated approach has paid off for investors, despite very high fees.

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