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Morningstar Analyst Ratings Update - April 2017

a monthly Morningstar analyst ratings update for funds available for sale in Singapore - We have placed three funds under review in April. 

Nelly Poon 04/05/17

Under Review

Allianz Europe Equity Growth AT EUR — Under Review from Silver
Barbara Claus, fund analyst

We have placed Allianz Europe Equity Growth’s Morningstar Analyst Rating to Under Review following a manager change announcement. The fund previously held a Silver rating. Fund manager Matthias Born will leave Allianz Global Investors by the end of September 2017. We will be meeting with the new managers in due course to discuss the changes to the teams and their impact on the strategies, and we will update the fund’s Analyst Rating at that time.

Allianz Europe Equity Growth Sel A € — Under Review from Bronze
Barbara Claus, fund analyst

We have placed Allianz Europe Equity Growth’s Morningstar Analyst Rating to Under Review following a manager change announcement. The fund previously held a Brinze rating. Fund manager Matthias Born will leave Allianz Global Investors by the end of September 2017. We will be meeting with the new managers in due course to discuss the changes to the teams and their impact on the strategies, and we will update the fund’s Analyst Rating at that time.

GS India Equity Portfolio Base Acc — Under Review from Silver
Mark Laidlaw, senior analyst, manager research

We have put the rating at GS India Equity Portfolio under review following the firm’s announcement that CIO Emerging Markets Equity and lead portfolio manager Prasant Khemka is to leave the firm, effective immediately. Khemka was an impressive manager in a highly competitive Indian equity universe, as reflected by the Morningstar Analyst Rating of Silver, so his departure is most certainly a loss. Hiren Dasani, who was previously head of the Mumbai-based Indian equity team will take over as lead manager for the strategy. We will update the Morningstar Analyst Rating once we have met with Dasani.

 

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About Morningstar Analyst Ratings
Morningstar Medalists— Gold, Silver and Bronze-rated funds—are funds that analysts determine are likely to outperform their peer groups and/or relevant benchmarks on a risk-adjusted basis over a market cycle of at least five years. The differences between the positive Medalist ratings indicate the level of the analyst’s conviction in a fund’s future performance. Analysts arrive at a rating through an evaluation of five key pillars: People, Process, Parent, Performance and Price

Disclaimer:-

©2017 Morningstar Inc. All rights reserved. The information, data, analyses, and opinions presented herein do not constitute investment advice; are provided as of the date written, solely for informational purposes, and subject to change at any time without notice. This content is not an offer to buy or sell a security and is not warranted to be correct, complete or accurate.

In Singapore, this Report is distributed by Morningstar Investment Adviser Singapore Pte Limited, which is licensed by the Monetary Authority of Singapore to provide financial advisory services in Singapore. This report is intended for general circulation, and does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Investors should consult a financial adviser regarding the suitability of any investment product, taking into account their specific investment objectives, financial situation or particular needs, before making any investment decisions.

Morningstar Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar Analyst Ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Morningstar Analyst Ratings to be guarantees and does not accept any responsibility or liability whatsoever for any loss howsoever arising from the use of the Morningstar Analyst Ratings.

About Author Nelly Poon

Nelly Poon  

Nelly Poon is an editor with Morningstar.

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