Although Neuberger Berman International Select’s new lead manager has held that role for less than a year, his familiarity with its approach and his expressed and now demonstrated intent to maintain that course merit an upgrade of its Morningstar Analyst Rating to Silver from Bronze for its institutional shares and R6 shares. The costlier shares are upgraded to Bronze from Neutral. These changes result largely from an upgrade to the People rating to Above Average from Average. (All of these ratings restore the same levels that were in place before longtime lead manager Benjamin Segal announced his intention to leave the fund and firm about a year ago.)
Will NILIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NILIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NILIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NILIX’s parent organization’s priorities and whether they’re in line with investors’ interests.