The move comes after a sustained period of underperformance, down 11.7% year-to-date, according to data from Morningstar. Consequently, the fund has had its rating slashed from Above Average to Average. Nick Train: Burberry bosses must 'rethink' how to fulfil the brand's potential The competitive positioning of Train's fund has diminished, according to Morningstar, partly due to its «permanent overweight position on Japan and the UK». Investment philosophy also has played a key role in this decision, as there is evidence of the fund is «lacking selling discipline» and retainin...
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