Morningstar has confirmed it will make no change to its ratings for the BlackRock funds formerly managed by Graham Birch following his decision not to return to the company.
Morningstar says it will maintain its Elite ratings on BlackRock Gold & General, BGF World Gold and BGF World Mining and Superior ratings on BGF World Energy and BGF New Energy. Evy Hambro and Robin Batchelor will become permanent as co-heads of the natural resources equity team, having taken these roles in a temporary capacity on Birch's departure in March 2009. There will be no additional changes to management on the funds run by the team. Birch had been due to return from a 12-month sabbatical in March 2010. Morningstar says it is maintaining its ratings because the team is "a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
