Morningstar Fund Ratings: Weekly Round-up

Our weekly round-up of changes to funds' Morningstar Analyst Ratings includes two upgrades to Gold

Francesco Paganelli 16 June, 2020 | 9:06AM

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Upgrades

Fidelity European Dynamic Growth – Gold from Silver

Francesco Paganelli

We have a high opinion of Fabio Riccelli, the strategy’s skipper since November 2008, and our conviction has strengthened further after recent changes that have alleviated our previous concerns around Riccelli’s workload. Karoline Rosenberg was appointed co-portfolio manager on this strategy in January 2020 and took over the lead role on the Iberia fund from Riccelli. The duo remains well supported by Fidelity's sizable research analyst team, leading to an upgrade of the People Pillar rating to High. Under our enhanced ratings framework, which puts more focus on fees and expected benchmark relative performance, the strategy’s Morningstar Analyst Rating has been upgraded from Silver to Gold for its cheapest share classes, while more expensive ones land at Silver.

Magallanes V.I. UCITS Iberian Equity – Gold from Silver

Francesco Paganelli

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About Author

Francesco Paganelli  is a Fund Analyst for Morningstar in Italy

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