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.
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
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