Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week Morningstar analysts reveal an upgrade for Kempen Euro Credit

Morningstar Analysts 27 March, 2019 | 10:08AM

Upgrades

Kempen (Lux) Euro Credit – Gold

Jeroen Siecker

Kempen’s Euro Credit Team has been responsible for this strategy since May 2008. Following Richard Klijnstra’s transfer to a different role within Kempen, Alain van der Heijden succeeded him as head of credit as of August 2016. The team’s well-diversified portfolio of 100–150 names and its responsible credit beta management have helped limit risk. Despite Klijnstra’s departure, we feel the strategy’s historic track record remains relevant given the team’s stable core of risk-takers. From May 2008 to the end of December 2019, the fund achieved an average annual return of 5.28%. Our confidence is reflected in an upgrade of the fund’s Morningstar Analyst Rating to Gold from Silver.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Kempen (Lux) Global Lst Infra I EUR Acc1,098.22 EUR2.58

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