Skip to Content
Fund Spy: Morningstar Medalist Edition

Seven Manager Changes Spur Updated Analyst Ratings

Sorting out which manager departures you should worry about.

Mentioned: , , , , , , , ,

The People pillar is a big deal in our Morningstar Analyst Ratings. When manager departures happen, we act quickly to update our ratings. Sometimes we will put the rating under review while we gather data and then update again once we've drawn conclusions.

Not all manager changes are a disaster. Sometimes a firm has prepared for a change well, or a retiring manager is one of a talented team and not a severe blow to the fund's prospects. You have to know how a manager, the team, and fund company function to get to the bottom of a change. Here, then, are our revised ratings on seven funds. In the headings, I weigh in on whether the manager change is positive, neutral, or negative. That assessment is not our Analyst Rating--just a directional read on the manager change I provide for FundInvestor readers each month.

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.