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

morningstar rating

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.

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Lena Tsymbaluk  

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