Morningstar Fund Ratings: Weekly Round-up

It's a small cohort of Morningstar Analyst rating changes this week and they're all downgrades

Lena Tsymbaluk 27 October, 2020 | 8:47AM
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Downgrades

Schroder Asian Alpha Plus - Bronze from Silver

Lena Tsymbaluk

Matthew Dobbs, who has successfully managed the Schroder Asia Pacific investment trust since 1995 and the open-end mirror fund Schroder Asian Alpha Plus since 2007, will be retiring from fund management in 2021. While the new manager, Richard Sennitt, has to build his own track record at this mandate, there are a few aspects that work in his favour. He has worked closely with Dobbs for 13 years as a backup on this strategy, will rely on the same Asia ex-Japan analyst team, which has contributed to strong results across a number of Asia portfolios, and intends to use the same investment approach. Sennitt is experienced and has successfully managed an Asian income strategy since 2009, which is rated Silver. Reflecting the fact that this mandate differs from Sennitt’s other Asia responsibilities, the strategy will be downgraded one notch to Bronze from Silver for the Z clean share class.

Schroder Asia Pacific Investment Trust - Bronze from Silver

Lena Tsymbaluk

Matthew Dobbs, who has successfully managed the Schroder Asia Pacific (SDP) investment trust since 1995 and the open-end mirror fund Schroder Asian Alpha Plus since 2007, will be retiring from fund management in 2021. While the new manager, Richard Sennitt, has to build his own track record at this mandate, there are a few aspects that work in his favour. He has worked closely with Dobbs for 13 years as a backup on this strategy, will rely on the same Asia ex-Japan analyst team, which has contributed to strong results across a number of Asia portfolios, and intends to use the same investment approach. Sennitt is experienced and has successfully managed an Asian income strategy since 2009, which is rated Silver. Reflecting the fact that this mandate differs from Sennitt’s other Asia responsibilities, the investment trust will be downgraded one notch to Bronze from Silver.

iShares Euro Aggregate Bond UCITS ETF - Bronze from Silver

Jose Garcia Zarate

iShares Euro Aggregate Bond stands as a solid proposition for investors seeking a one-shop stop investment-grade fixed income solution for a EUR-denominated portfolio. The stability of exposure has served it well over long periods. However, the ongoing charge sits towards the top-end of the range for the cohort of passive funds in the category. In the context of our ratings framework, this pushes its Morningstar Analyst Rating down from Silver to Bronze.

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.

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Lena Tsymbaluk