The most recent downgrade follows Morningstar’s downgrade of two JP Morgan smaller companies funds in early June.
The UK Smaller Companies fund and closed-ended JPMorgan Smaller Companies Ord – co-managed by Georgina Brittain and Katen Patel were bumped from bronze to neutral for underperforming the Morningstar UK Small-Cap Equity benchmark on average over a five to 10-year period.
