A Kames spokesperson said: “Obviously we are disappointed but accept Morningstar’s decision. Our managers will continue to focus on delivering strong risk adjusted returns for our clients.”
Morningstar’s analysts evaluate funds by judging what it calls ‘five key pillars’ which are, the people, process, parent, performance and price.
Two of BlackRock’s funds currently undergoing a shake-up in management have had their ratings placed under review.
Analysts are waiting to see how changes to the management team of the BGF Global Small Cap and changes at the BGF US Basic Value, whose manager Bart Geer is departing later this year, will impact performance.
