Schroder Global Property Securities rating under review by Morningstar

As of August, US-based firm EII Capital will no longer be sub-advisers for the £793.86m fund, prompting analysts from Morningstar’s research unit to look again at its Bronze rating for the fund.

In a statement released on 4 July, Morningstar OBSR confirmed that it will meet the new managers of the in-house team who will take responsibility for the fund “in due course”. Tom Walker and Hugo Machin have been hired by Schroders, alongside two analysts, as part of the management shake-up.