Select fund range changes.

    We have chosen Morningstar, a global independent investments research company, to select a range of funds for our customers. This range is designed to make it easier for you to choose the right fund(s). It is not a personal recommendation.

    The expert team of analysts at Morningstar keep a close eye on how the Select Fund Range is performing and can make changes to the funds in the range on a quarterly basis.

    We created our Select Fund Range in March 2018 - the table below shows details of when and why changes have been made.


    Details of changes

    Name of investment What’s changed? (Morningstar view) Date changed
    LF Majedie UK Equity X (Accumulation) Removed.

    The funds Morningstar Analyst Rating has been downgraded to neutral following changes to the management of the fund.
    01/10/2019
    River & Mercantile UK Equity Smaller Companies B (Accumulation)

    River & Mercantile UK Equity Smaller Companies B (Income)
    Removed.

    Morningstar no longer believe this fund can be considered one of their best ideas in the sector.
    01/10/2019
    Franklin UK Smaller Companies W (Accumulation)

    Franklin UK Smaller Companies W (Income)
    Added.

    Morningstar are adding this fund to the select list as a replacement for the fund ‘River & Mercantile UK Equity Smaller Companies’. Morningstar believe this addition to the select list offers a solid option for UK smaller companies’ exposure.
    01/10/2019
    Artemis Global Income I Inc (Accumilation)

    Artemis Global Income I Inc (Income)
    Removed.

    The fund’s Morningstar Analyst Rating has been downgraded to Neutral. This is on the back of concerns around the strategy’s execution, liquidity, and risk management.
    28/08/2019
    Jupiter Absolute Return I Acc (Accumulation) Removed.

    The fund’s Morningstar Analyst Rating has been downgraded to Neutral. This was a result of the portfolio having a mixed track record.
    28/08/2019
    Jupiter Ecology I Acc (Accumulation)

    Jupiter Ecology I Inc (Income)
    Removed.

    The fund’s Morningstar Analyst Rating has been downgraded to Neutral. This was due to a loss in confidence on the management of the fund.
    28/08/2019
    Fidelity Strategic Bond Net Y (Income)

    Fidelity Strategic Bond Y Acc (Accumulation)
    Removed.

    Due to management changes Morningstar no longer believe this fund constitutes one of their best ideas in the sector.
    28/08/2019
    Legg Mason Wa Mcr Oppbd X Gbph Acc (Accumilation) Removed.

    Morningstar no longer believe this offering within its category constitutes one the best ideas in the sector.
    28/08/2019
    Jupiter Distribution and Growth I Inc (Income) Removed.
    A higher U.K. bias has affected returns since the Brexitvote in June 2016 and stock selection has continued to deteriorate. The short and long term strategy are also tied in with the Brexitoutcome. Morningstar’s view is that the investment process has declined, the analyst rating has now downgraded this investment from Bronze to Neutral.
    26/04/2019
    Schroder Tokyo Z Acc £ (Accumulation)

    Schroder Tokyo Z IncGBP (Income)

    Removed.

    Andrew Rose who is a long-standing manager will retire in June 2019. His departure will mark a significant loss in experience. He will be succeeded as lead manager on this fund by Masaki Taketsume. Taketsume has extensive experience analysing Japanese technology stocks but little portfolio-management experience. Analyst rating downgraded from Under Review to Neutral.
    26/04/2019
    Kames Ethical Corporate Bond GBP B Acc (Accumulation)

    Kames Ethical Corporate Bond GBP B Inc (Income)
    Removed.

    Analyst rating downgraded from bronze to neutral following internal managerial changes.
    25/01/2019


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