Fundsmith tops Morningstar medalist rankings but misses maximum rating
Fundsmith has just two strategies, the Fundsmith Equity fund and the Fundsmith Sustainable Investment fund, and they follow the same investment philosophy and process.
In Morningstar's annual Fund Family 100 report, the firm said the asset manager stands as an «example of an investment boutique that is well-placed for investment excellence».
Fundsmith has just two strategies, the Fundsmith Equity fund and the Fundsmith Sustainable Investment fund, and they follow the same investment philosophy and process.
Key personnel are heavily invested in the funds they run, making them «well-aligned» with investors' interests, however, the firm scored 'above average' on the parent pillar rating, missing out on the maximum 'high' designation.
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The rating assesses five pillars Morningstar believes can predict the future success of strategies and their associated vehicles, namely people, parent, process, performance and price.
Storebrand Fonder, Vanguard, Ruffer and FSSA Investments all feature in the top five funds under this metric.
Among the 20 firms with the highest percentage of Morningstar Medalist share classes, 13 receive a parent pillar rating of above average or high.
The maximum rating of high has been awarded to Vanguard, T. Rowe Price, Wellington Management, Dimensional, MFS and Degroof Petercam.
Within the five largest fund families, BlackRock ranks first, where iShares still has the most assets under management. Together, the group manages over €1.2trn and earns an above average parent rating.
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BlackRock is followed in size by UBS, which has overtaken its French rival Amundi as a result of its recent
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