Morningstar Fund Ratings: Weekly Round-up

In the first ratings round-up of 2021, there are new ratings for two ESG funds, upgrades for bond and Japanese funds and a downgrade for a global equity income fund

Ronald van Genderen 5 January, 2021 | 9:48AM

morningstar rating

New Ratings

BNP Paribas Global Environment – Silver

Ronald Van Genderen

BNP Paribas Global Environment is subadvised by Impax and comanaged by a cohesive and experienced portfolio construction team, one of the strongest within its Morningstar Category. This four-member team is part of and backed by Impax's listed equity team, an extensive group that mixes experienced professionals with more-junior staff. The team applies an established and well-structured bottom-up process that targets growth companies where at least 20% of business is derived from activities in environmental markets. The team follows a detailed 10-step research process and carries out a comprehensive valuation assessment based on discounted cash flow models and various multiples, including scenario analysis. We initiate coverage with a Morningstar Analyst Rating of Silver on its very cheapest share classes, while more expensive ones earn Bronze or Neutral ratings.

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

To view this article, become a Morningstar Basic member.

Register For Free

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

Ronald van Genderen  is a fund analyst for Morningstar Netherlands

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement