Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week Morningstar analysts reveal an upgrade for JPM and downgrades for Neuberger Berman and T. Rowe Price

Morningstar Analysts 5 March, 2019 | 1:35PM

Upgrades

JPM Emerging Europe Equity – Bronze

Peter Brunt

This UK OEIC was moved to a Morningstar Analyst Rating of Neutral from Bronze upon JPM's announcement of plans to merge it into JPM Emerging Markets as part of its optimisation programme. It had fallen in size to £80 million as of February 2018. While it remains small – GBP 55 million at the end of January 2019 – significant shareholder demand at the Extraordinary General Meeting saw the proposed merger cancelled and the fund continue life as a going concern with the full backing of the group. The strategy continues to benefit from a long-standing and experienced manager, backed by considerable resources, who has consistently applied the same approach for over 15 years. In light of this, we have raised the fund's Morningstar Analyst Rating back to Bronze.

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