Parvest Equity Best Selection Euro, Parvest Equity Best Selection Europe and Parvest Equity Euro Growth have had their rating lowered to “Neutral” because of disappointing performance, changes in the management team and a structure costs less attractive than comparable.
These funds are managed by the same process since 2008, when Andrew King has joined the company as Head of European equities.
Peter Brunt Morningstar estimates that many changes in the team, including at relatively senior levels, and unconvincing results in terms of stock selection, leading to question the implementation of rigorous investment process.
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