GAM Star China Equity C USD Acc |
by Morningstar Manager Research
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This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced. | ||
Weakness in GAM Star China Equity C USD Acc's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers. The strategy's portfolio management team completely turned over about a year ago, raising concerns. This, along with other weaknesses, drives the strategy's Low People Pillar. The strategy earns a Low Process Pillar rating. High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And a low quality exposure is rooted in stocks with higher financial leverage and lower profitability. The strategy's parent organization earns the firm a Low Parent Pillar rating, and this rating is inherited from vehicles belonging to the same branding entity and is indirectly assigned by an analyst. | ||
Morningstar Pillars | |
People | Low |
Parent | Low |
Process | Low |
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