Harbor Funds announced that Justin Hill was named comanager on Harbor International, effective Jan. 4, 2021. A new hire at subadvisor Marathon Asset Management, Hill brings over 20 years of experience investing in Asian markets, including portfolio management roles at Pictet Asset Management and BP. Hill joins David Cull in covering the Asia ex-Japan region for the strategy. The two are expected to split responsibilities for the region's roughly 12% target allocation. Hill replaced Michael Godfrey, who shared coverage of developed Asian markets and emerging markets with Cull but transitioned to focus on emerging markets for Marathon's other strategies. Importantly, the eight-person, multimanaged team structure remains in place, with each member responsible for managing a slice of the strategy's assets. Overall, Marathon's team remains proven and experienced, and therefore the move does not impact the People Pillar rating of Above Average or the Morningstar Analyst Ratings of Silver for cheaper share classes and Bronze for more expensive ones.
Harbor International Institutional HAINX
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The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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Harbor International Swaps a Comanager; Rating Unchanged
