Even after its recent setbacks, Veritas Global Real Return remains a solid choice, in our view, owing to a cohesive and well-rounded team that has stayed true to its sound and proven investment philosophy through different market environments. However, Veritas recently implemented leadership and organizational changes across its global-equity fund range that have ultimately weakened our conviction in the team. As a result, we downgrade the People Pillar rating to Above Average from High.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BLUEX’s performance objective and investment process is for both security selection and portfolio construction.
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