Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: There are no downgrades this week as Morningstar analysts initiatve coverage on five new funds. 

Matias Möttölä, CFA 25 June, 2019 | 9:06AM

New Ratings

BNY Mellon Global Absolute Return – Bronze

Matias Möttölä

We have initiated coverage on the BNY Mellon Global Absolute Return fund with a Morningstar Analyst Rating of Bronze. The fund is run by a 11-strong team headed by Matthew Merritt, a 15-year veteran at Insight (an affiliate of BNY Mellon) and surrounded by several experienced multi-asset investors. The fund’s process flexibly combines sleeves of long-only fixed-income, equity and real assets with alternative strategies. While the long-only side has precedence, the weights can change considerably through time, and we think execution has been reasonably good overall. The fund targets 3-month cash plus 4% target before fees over five-year periods.

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About Author

Matias Möttölä, CFA

Matias Möttölä, CFA  is a fund analyst and editor of Morningstar.fi.

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