New Fund Research Includes Two Downgrades

Morningstar's latest fund research updates include two qualitative rating downgrades and one new initiation this week

Holly Cook 6 October, 2011 | 1:31PM
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No fewer than sixteen funds have seen their qualitative research reports and ratings updated by Morningstar Fund Research in the past week. We've added a Jupiter fund to our rating service, downgraded our ratings on two funds, and updated our research reports on several others. Click on the name of the fund below to read the Morningstar Research Report for that fund. Download details of the Morningstar Qualitative Rating including methodology here. To access the full list of recently-updated Morningstar Fund Analyst Reports, please click here.

Morningstar Research on Funds, ETFs and Stocks is available to Premium subscribers.

Rating Initiations
Jupiter JGF Global Convertibles (Superior)
Excerpt from report: Jupiter JGF Global Convertibles is a high-quality offering for investors making a long-term allocation to convertible bonds.

Rating Updates
Artemis European Growth (Superior)
Excerpt from report: Artemis European Growth has a key weakness, but we still think it’s a good long-term holding for the right investor.

Artemis Income (Elite)
Excerpt from report: Artemis Income is an excellent choice for investors seeking income from their UK equity exposure.

Artemis Strategic Bond (Superior)
Excerpt from report: Artemis Strategic Bond is an appropriate choice for investors comfortable with a high-conviction approach that can lead to higher-risk positioning.

BlackRock European Dynamic (Superior)
Excerpt from report: We like BGF Continental European Flexible but it’s not for the faint-hearted.

BlackRock Gold and General (Elite)
Excerpt from report: We think this is a high-quality way to invest in gold-related equities in a risk-controlled manner.

BlackRock UK Income (Superior)
Excerpt from report: BlackRock UK Income remains a strong choice for investors requiring a balanced approach between the growth of income and capital.

Cazenove European (Superior)
Excerpt from report: Cazenove European is still a worthy choice for investors seeking exposure to European equities.

Cazenove Pan Europe (Superior)
Excerpt from report: Cazenove Pan Europe is a high-quality offering in a competitive peer group.

Fidelity European (Superior)
Excerpt from report: Investors have benefited from the longevity and quality of this fund’s managers.

Investec Global Energy (Superior)
Excerpt from report: Investec Global Energy is a strong choice for energy investors.

Martin Currie Japan (Superior)
Excerpt from report: Martin Currie Japan remains a strong proposition in its Morningstar category.

Old Mutual UK Select Small Cos (Elite)
Excerpt from report: We consider Old Mutual UK Select Smaller Companies to be a strong offering within the competitive small-cap category.

Schroder Income (Superior)
Excerpt from report: Schroder Income is a strong choice for investors seeking income from a UK equity portfolio.

Rating Upgrades

Rating Downgrades
Artemis Capital (Standard)
Excerpt from report: We’re moving this fund’s rating from Under Review (formerly Superior) to Standard because we believe it is difficult for Artemis to generate above-average returns using its quantitative process on a UK-only equity universe.

IP European Equity (Superior)
Excerpt from report: We think Invesco Perpetual European Equity remains a very good choice for European equity exposure, even if we’re slightly less enamoured of it than we had been.

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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About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites