Templeton Asian Growth A(acc)EUR |
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. | ||
The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Templeton Asian Growth A(acc)EUR to a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers. The strategy gets a Below Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained an underweight position in yield exposure and volatility exposure compared with category peers. Low yield exposure is attributed to holding fewer stocks with high dividend or buyback yields -- instead, typically holding companies with a stronger focus on growth opposed to returning capital. And low volatility exposure is rooted in stocks that have a lower standard deviation of returns. This management team has a wealth of experience, but still gets an Average People Pillar rating. The strategy's parent organization earns the firm an Average 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 | Average |
Parent | Average |
Process | Below Average |
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