EquitiesDec 24 2015

Morningstar upgrades two Schroder European funds to silver

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Morningstar has raised the rating on the Schroder European and Schroder ISF Euro Equity funds, both run by Martin Skanberg, from Bronze to Silver.

Daniel Vaughan, senior manager research analyst at Morningstar, explained: “Manager Martin Skanberg is an experienced and pragmatic portfolio manager who has made excellent use of the well-resourced European analyst team, relying heavily on their fundamental analysis.

“The funds have no style bias and the manager will tilt the portfolio to reflect the areas where he sees the most opportunities. [Mr] Skanberg has delivered competitive cumulative results while performance has been steady on a calendar-year basis, in keeping with our expectations of a fund manager who is style agnostic but is willing to take risk at the stock level. The funds are upgraded to a Silver rating.”