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Manager Changes Diminish These Funds

Manager Changes Diminish These Funds
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Standout Teams Lift the Ratings of These Parnassus and BlackRock Funds

Morningstar updated the Analyst Ratings for 851 fund share classes, exchange-traded funds, and separately managed accounts/collective investment trusts in April 2021. Of these, 595 maintained their previous rating, 70 were downgrades, 56 were upgrades, 117 were new to coverage, and 13 were put under review because of material changes, such as manager departures.
Sifting out multiple share classes and vehicles, Morningstar rated 203 unique strategies in April. Of these, six received an Analyst Rating for the first time, with the rest having at least one investment vehicle type that a Morningstar analyst previously covered. Below are some highlights of the upgrades, downgrades, and funds new to coverage.

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T. Rowe Price PM to retire, spurring manager changes

T. Rowe Price PM to retire, spurring manager changes
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