Morningstar Fund Ratings Round-up

This week sees upgrades for two iShares ETFs and downgrades for Jupiter European Opportunities and Invesco Developing Markets

Jose Garcia Zarate 3 December, 2019 | 1:47PM
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analyst rating


iShares Core UK Gilts ETF GBP Dist (IGLT) – Gold

Jose Garcia Zarate

A low-cost passive approach to the market of UK conventional government bonds makes perfect sense.  This is a small, liquid market where the opportunities to add value over a standard benchmark are largely limited to duration calls. However, as this is a classic buy-and-hold exposure in a UK investment portfolio, the ups and downs on valuations in relation to changes in monetary policy would tend to balance themselves out. As such, the issue of cost becomes the crucial factor. This strategy now comes with a highly competitive ongoing charge of 0.07%, cut from 0.20% in May 2019. This makes us highly confident on the strategy’s ability to deliver returns above the category average over the long term, leading to an upgrade to Gold from Silver.

iShares GBP Index-Linked Gilts ETF Dist (INXG) – Bronze

Jose Garcia Zarate

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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
European Opportunities Trust813.01 GBP0.37Rating
Invesco Developing Mkts Eq S USD Acc13.38 USD0.12Rating
iShares £ Index-Lnkd Gilts ETF GBP Dist20.86 GBP-1.02
iShares Core UK Gilts ETF GBP Dist13.53 GBP-0.77

About Author

Jose Garcia Zarate

Jose Garcia Zarate  is Associate Director of Passive Strategies Research for Morningstar Europe