Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week Morningstar analysts reveal downgrades for Aberforth, City of London and Fidelity

Morningstar Analysts 21 November, 2018 | 8:45AM
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Aberforth UK Small Companies – Bronze

Samuel Meakin

The fund follows a value investing style, and this approach marks it out versus UK small-cap peers, many of which are growth-oriented. The fund’s managers have stuck consistently to their approach, even through periods of rocky performance. We acknowledge that holding on to challenged investments when seeking to unlock long-term value comes with the territory with value investing, but in some cases we believe this has been done despite weakening business fundamentals. As a result, our conviction in the investment process has slightly lessened, and we believe a Morningstar Analyst Rating of Bronze more closely reflects our level of conviction in the relative merits of the fund.

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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
Aberforth Smaller Companies Ord1,456.02 GBP-0.41
Aberforth UK Small Companies Acc31,425.19 GBP-0.24Rating
City of London Ord385.01 GBP-0.51Rating
Fidelity Flexible Bond Y-Dis-GBP1.12 GBP0.09Rating
Fidelity MoneyBuilder Balanced W Inc55.89 GBP-0.28Rating
Fidelity MoneyBuilder Income W Inc124.00 GBP-0.32Rating
Fidelity Strategic Bond W Inc130.00 GBP-0.15Rating

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