Schroder ISF EM Debt Abs Ret: Qual. Rating Updated

A poor 2009 doesn’t dent our longer-term view of Schroder Emerging Market Debt Absolute Return.

Alexander Prineas 18 June, 2010 | 10:13AM
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We have published a new Morningstar Qualitative Rating and Research Report for Schroder ISF Emerging Market Debt Absolute Return.

"Although it delivered a decent positive return in 2009, the fund trailed its category peers by nearly 15 percentage points. But that is far from the whole story. In keeping with the fund’s name, the managers use cash to play defense in order to try to deliver positive returns each calendar year, and this sets the fund apart from its average peer. We note in this regard that the defensive positioning that held the fund back in 09 helped it beat its average peer by 16 percentage points in 2008’s downdraft..."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

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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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Schroder ISF EM Dbt Abs Rt A Acc USD27.23 USD0.37Rating

About Author

Alexander Prineas  is an associate director of manager research for Morningstar Australasia.

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