Morningstar Fund Ratings: Weekly Round-up

The latest batch of Morningstar fund rating changes features four upgrades and one downgrade

Mathieu Caquineau, CFA 6 October, 2020 | 9:04AM

Fund Ratings

Upgrades

T. Rowe Price Emerging Markets Equity – Silver from Bronze

Mathieu Caquineau

Gonzalo Pangaro has managed T. Rowe Price Emerging Markets Equity since 2009, but his experience in emerging markets began in the 1990s, initially as a Latin America specialist. Mark Edwards, Pangaro’s co-pilot and Asia specialist, retired at the end of 2015. Since then, Pangaro has strengthened his expertise of Asian markets by closely working with the team’s Asia analysts and fund managers. The security selection has been very strong in that region, including in China, in the past four years and a half. The manager uses the team’s various regional experts and research strengths to good effect. Our growing conviction in the fund manager's expertise and his ability to use the firm’s large resources effectively earn the fund an increased People rating of High. The fund also benefits from a well-established process, focused on growth-oriented stocks. Although the strategy’s large asset base makes it less nimble than peers, the focus has always been on liquid large-cap stocks, and the strategy has been soft-closed since 2018, alleviating our concerns. The fund’s clean share class Q is upgraded to a Morningstar Analyst Rating Silver from Bronze. The cheapest classes earn a Gold, while the more expensive classes land at Bronze.

Templeton Global Total Return (Lux) – Silver from Bronze

Patrick Ge

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

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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

Mathieu Caquineau, CFA

Mathieu Caquineau, CFA  Senior Fund Analyst, Morningstar France

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