Morningstar Fund Ratings: Weekly Round-Up

A plethora of upgrades in this week's ratings round-up, including coveted Gold ratings for two JPMorgan funds

Jeffrey Schumacher 21 August, 2019 | 9:36AM

analyst rating

New Ratings

M&G (Lux) Optimal Income - Silver

Evangelia Gkeka

We initiate coverage on M&G (Lux) Optimal Income with a Morningstar analyst rating of Silver. This fund was launched as part of M&G moving non-sterling share classes into Luxembourg vehicles in order to protect non-UK investors in case of Brexit. This version is a sibling of the long-standing UK version, where Richard Woolnough, a well-resourced credit analyst team, and a time-tested process are all aspects that lead to our positive view. Performance of both funds in base currency should closely match each other, meaning that we’re confident on continued execution of the investment approach in the Sicav. 

Upgrades

BNY Mellon Multi-Asset Balanced - Bronze from Neutral

Rajesh Yadav

Since taking over as lead manager in January 2018, Simon Nichols has transformed this offering and brought it in line with the BNY Mellon Newton Global Balanced strategy, which he has successfully managed since 2013. As part of the multi-asset team, he is well integrated into the broader Newton approach, drawing on the house view set by the thematic and global strategy groups, and taking stock ideas from its well-resourced team of global industry analysts. Following a successful transition, along with competitive fees, the strategy has been upgraded to a Morningstar analyst rating of Bronze from Neutral.

 

JPMorgan Asean Equity - Gold from Silver

JPMorgan Asean - Gold from Silver

Jan Nel

The Morningstar analyst rating of JPMorgan Asean has been upgraded to Gold from Silver based on our strengthened conviction in head of Asean equity Pauline Ng and her team of country specialists. Ng is a highly experienced and impressive portfolio manager who has proved herself over many market cycles and who invests in the fund alongside investors. She is backed by substantial resources in the form of a five member Asean team and the 100-plus emerging-markets and Asia-Pacific, or Emap, team. The process follows the Emap-wide strategic classification process that we rate highly, and we also value the topdown input from Ng and the Asean country specialist, given the countries within the region tend to exhibit idiosyncratic risks. Ng has been beating her peers comfortably, and this product is cheap. Overall, the strategy exhibits clear advantages across the board and deserves our top rating. 

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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.

About Author

Jeffrey Schumacher  is a Fund Analyst with Morningstar Benelux.

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