Morningstar Fund Ratings: Weekly Round-up

The latest round-up of Morningstar Analyst Rating changes with a Vanguard FTSE tracker receiving a coveted Gold rating

Dimitar Boyadzhiev 14 January, 2020 | 9:29AM

gold silver bronze

Upgrades

Vanguard FTSE UK All Share - Gold from Silver

Dimitar Boyadzhiev 

We have a strong conviction on the Vanguard FTSE UK All Share and the L&G UK Index L tracker funds’ ability to outperform the UK Large-Cap blend’s average peer. The underlying benchmark, the FTSE AllShare, is a broad and diversified index that has proved a formidable opponent to beat. Its portfolio spans the entire market-cap spectrum, including more than 600 large-, mid-, and small-cap companies. The Vanguard and L&G funds complement the investment merits of the FTSE All Share with unrivalled cost advantage and efficient portfolio management, which best suggest an upgrade to a Morningstar Analyst Rating of Gold.

Downgrades

PIMCO GIS Global Real Return - Neutral from Bronze

Samiya Jmili

Despite some noteworthy team turnover, PIMCO GIS Global Real Return's experienced management team and extensive supporting cast of global-bond specialists continue to give it an edge in the inflation-linked bond arena. Given the importance of low fees in this competitive field, the fund's R USD share class, which previously earned a Morningstar Analyst Rating of Bronze, is now rated Neutral. Meanwhile, the fund’s two cheapest institutional USD accumulative share classes earn Morningstar Analyst Ratings of Gold, while its remaining shares are rated from Silver to Neutral. 

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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

Dimitar Boyadzhiev  is a Passive Strategies Research Analyst for Morningstar

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