european investors turn on backs on equity
According to Morningstar’s latest fund flow research, European investors heavily sold out of equities in favour of fixed income funds during the second quarter of the year.
Morningstar
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bob dolls funds under review
Morningstar OBSR has placed BlackRock’s US Dynamic Fund and its offshore equivalent, BlackRock Global Funds US Flexible Equity, under review following news manager Bob Doll is to retire.
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closed end products need to open up beard
Investment trusts need to provide greater transparency to investors or risk losing their competitive advantage once RDR rewrites the product rules.
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money market funds help swell
Money market funds helped BlackRock and JPMorgan retain their positions of largest and third largest fund companies in Europe last year, according to latest data from Morningstar Direct.
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morningstar – boltons fund a leap of faith
Anthony Bolton’s Fidelity China Special Situations Fund is a “leap of faith” with an uncertain future, according to Morningstar, which cited the fund’s investment into two fraudulent companies last year as a key area of concern.
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trusts must step up to the pace of change
Its easy to take a swipe at the fund ratings agencies and to scrutinise their ultimate influence on fund selection practices, but Morningstar should be applauded for at least trying something new with its investment trust ratings service.
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olympics come early for funds in line for medals
Olympic fever has already gripped the nation, so it was only a matter of time before it infiltrated financial services as well.
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morningstar rdr-readies its ratings
Morningstar has revised the methodology for its closed-end fund ratings in the UK, in a bid to enable easier comparison with Oeics ahead of RDR.
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OBSR to adopt new rating scale
OBSR has announced it will adopt a new fund rating scale alongside its parent company Morningstar, to avoid potential confusion with credit rating agencies.
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Schroders UK Mid 250 Fund loses OBSR AA rating
OBSR has removed the £1.6m Schroder UK Mid 250 Fund from its ratings service.
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Morningstar replaces Lipper as IMA sector monitor
The IMA has appointed Morningstar in place of Lipper as the monitor of its fund sectors.
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ETF disclosure improving but greater cost transparency is needed
Morningstar says ETF providers are offering better transparency but still more could be done.