Manager Research

We recently completed our review of the Foord fund range and have retained our ratings.

We remain broadly comfortable with Foord’s business and investment process, where we find evidence of an investment-orientated culture, focused product offering and the scale to endure periods of underperformance.

Significant changes since our last review in 2021 include the appointment of Nick Balkin as CIO of the South African business and the addition of two senior investment portfolio managers to bolster Foord’s fixed-income capability. Succession planning and a lack of depth in the fixed income capability are areas of the business that have raised concerns in the past and we see these developments as positive steps towards addressing those concerns.

Similarly, in the global team, it was pleasing to observe how the line of succession in the global business is being built out and how the global investment capability continues to mature.

Below, we provide an overview of our current fund ratings.

*this rating also applies to the Feeder Funds