Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week Morningstar analysts reveal upgrades for Xtrackers and Scottish American Investment Trust, and downgrades for Artisan and GAM

Morningstar Analysts 3 April, 2019 | 8:38AM
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New Ratings

DB Platinum IV Systematic Alpha – Bronze

Matias Möttölä

We have initiated coverage on the DB Platinum IV Systematic Alpha fund with a Morningstar Analyst Rating of Bronze. This fund has been sub-advised since its 2010 inception by Winton group, which is among the strongest systematic asset managers around. In contrast to Winton’s own UCITS fund, where Winton has reduced the weight of macro trend following to 25% recently due to concerns about its effectiveness, here the weight of trend following continues to be at around 50–55%. The style consistency can be a comforting factor to investors as it gives this fund’s past performance more relevance even if it this does not follow Winton’s own thinking. We think investors should follow closely how this strategy evolves and how the competition for assets between the different Winton-related products takes shape.

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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
Alma Platinum IV Systematic Alpha R0C-U10,027.98 USD-0.50Rating
Artisan Global Value I GBP Acc17.55 GBP-0.79Rating
GAM Star China Equity Ord GBP Acc1.94 GBP2.01Rating
Scottish American Ord506.02 GBP-0.59Rating
Winton Diversified UCITS I EUR Acc86.79 EUR-0.61Rating
Xtrackers MSCI EMU ETF 1D GBP3,949.94 GBP-1.44Rating

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