Rating Downgrades for Thames River Funds

Morningstar OBSR analysts have downgraded five different Thames River funds

Alanna Petroff 28 September, 2012 | 3:53PM
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Morningstar OBSR analysts have downgraded their ratings on five different funds within the Thames River Multi-Manager fund range. The funds are now rated Bronze, compared to a previous rating of Silver.

A report released by Morningstar OBSR states:

"While we acknowledge the experience and strength of the Thames River team and the consistency of their investment process, the funds’ return profile has become less compelling relative to peers. The volatile and macro-driven market conditions of the last few years have been challenging and we think the team’s main strength is in fund selection rather than asset allocation. We think a Bronze rating is a better reflection of our conviction in [these] funds at the current time."

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BMO MM Navigator Balanced A Acc192.60 GBP0.26Rating
BMO MM Navigator Boutiques A Acc272.61 GBP0.44Rating
BMO MM Navigator Cautious A Acc188.20 GBP0.16Rating
BMO MM Navigator Distribution A Inc89.35 GBP0.27Rating
BMO MM Navigator Growth A Acc201.00 GBP0.35Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.