Morningstar Fund Ratings: Weekly Round-up

Our weekly round-up of changes to funds' Morningstar Analyst Ratings includes seven upgrades and six downgrades

Ronald van Genderen 30 June, 2020 | 9:26AM
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Allianz Wachstum Euroland – Bronze from Neutral

Ronald Van Genderen

Changes that affected AllianzGI’s solid European Equity Growth team in recent years, including its merger with the Global Equity team in May 2020, still give us pause. Hence, the strategy retained its Average People Pillar rating. We think Andreas Hildebrand, who became lead-manager in 2017, has showed a solid execution of this well-defined and time-tested bottom-up approach. This drives an increase of the Process Pillar to Above Average from Average. Under our enhanced ratings framework, which places a greater focus on fees and expected benchmark relative performance, this drive an upgrade of the Morningstar Analyst Rating to Bronze from Neutral for the clean WT share class. More expensive share classes retain a Neutral rating.

Allianz Euroland Equity Growth – Bronze from Neutral

Ronald Van Genderen

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About Author

Ronald van Genderen  is a fund analyst for Morningstar Netherlands