Morningstar Fund Ratings: Weekly Round-up

Our weekly round-up of changes to funds' Morningstar Analyst Ratings includes six new ratings, four upgrades and four downgrades

Evangelia Gkeka 4 August, 2020 | 9:57AM

morningstar rating

New Ratings

Barings EM Local Debt – Bronze

Evangelia Gkeka

We have initiated coverage on Barings EM Local Debt, an EM local currency denominated sovereign bonds strategy. Ricardo Adrogué, Head of Global Sovereign Debt and Currencies at Barings is the lead manager and has 28 years’ experience. Cem Karacadag, Head of EM Sovereign Debt is the back-up manager and has 26 years’ experience across a variety of roles linked to the asset class. The process utilises a disciplined rates model to study the economic cycle over time and how it reacts to exogenous shocks as well as a currency model that focuses on economic competitiveness and ranks currencies. The research process is thorough, multi-faceted and focused on deep fundamental sovereign analysis where each country is analysed in detail. The strategy generated attractive absolute and risk-adjusted returns compared to peers and the category benchmark since inception in April 2014. It brings an experienced management and analyst team and has consistently applied its well-defined investment process earning a Morningstar Analyst Rating of Bronze for the clean C share class. Cheaper ones are also rated Bronze, while more expensive ones are rated Neutral.

Barings EM Sovereign Debt – Bronze

Evangelia Gkeka

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About Author

Evangelia Gkeka  is an analyst for Morningstar.

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