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Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week Morningstar analysts reveal an upgrade for Uni-Global and a downgrade for Nedgroup

Morningstar Analysts 19 March, 2019 | 1:14PM

Upgrades

Uni-Global Equities Eurozone – Gold

Mathieu Caquineau

This strategy was launched in 2016 and is the latest addition to Unigestion’s equity fund range. Our favourite strategies usually have a longer history, but the strength of the team, strong evidence that this process can be effective in the region, and an investor-friendly parent makes us comfortable in upgrading Uni-Global Equities Eurozone to a Morningstar Analyst Rating of Gold. It benefits from a rigorous and replicable approach that blends strong quantitative optimisation techniques with fundamental risk assessments. The process has been very successful on the firm’s flagship European equity strategy – Uni-Global Equities Europe – since 2004. 

Downgrades

Nedgroup Global Cautious – Neutral

Barbara Claus

In March 2019, fund managers George Cipolloni and Mark Saylor announced their departure from Nedgroup Global Cautious’ management company, Chartwell. They have agreed with Nedgroup to remain in place managing the fund through a three- to four-month transition phase during which Nedgroup will evaluate new fund managers. We had placed the fund under review following the manager change announcement. Now, a lack of visibility on who will take over management of the strategy results in a lowering of the Morningstar Analyst Rating to Neutral. Once new managers have been appointed, we will meet them to better understand how the fund will be managed in the future.

 

 

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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Nedgroup Inv Funds Global Cautious E Acc1.00 USD-0.19
Uni-Global Equities Eurozone SA-EUR1,218.43 EUR-0.28

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