Morningstar Fund Ratings: Weekly Round-up

The latest batch of Morningstar fund rating reviews features three upgrades and two upgrades, with one bond fund upgraded to Gold

Germaine Share 2 September, 2020 | 10:01AM

Fund Ratings

New Ratings

Fidelity Asian Bond – Silver

Germaine Share

We have initiated coverage on Fidelity Asian Bond. The Asian investment grade focused strategy is in the reliable hands of Eric Wong, who has helmed the strategy since October 2013. He came across as an articulate and passionate investor, and we are further reassured by the strong track records on his other emerging market debt strategies. He is supported by a well-resourced and stable team of nine Asian credit analysts. The team adopts a clearly defined investment framework which has been proven over time, and Wong’s presence since 2013 ensures its consistent application. Under our enhanced ratings framework which puts more emphasis on fees and expected benchmark-relative performance, the Morningstar Analyst Rating for the clean share class Y-Acc-USD is initiated at Silver. Other share classes are either rated Silver or Bronze, depending on their costs.

Upgrades

AXA Framlington UK Select Opportunities – Bronze from Neutral

Jonathan Miller

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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

Germaine Share  is a Senior Analyst for Morningstar

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