Changes to our Select Fund Range

We have chosen Morningstar, a global independent investments research company, to select a range of funds for our customers. This range is designed to make it easier for you to choose the right fund(s). It is not a personal recommendation.

The expert team of analysts at Morningstar are always monitoring how the Select Fund Range is performing and may make changes to the funds in the range on a quarterly basis.

We launched our Select Fund Range in March 2018 - the table below shows details of when and why changes have been made to the Select Fund Range.

Name of investment

What’s changed? (Morningstar view)

Date changed

Name of investment

What’s changed? (Morningstar view)

Removed.

The funds Morningstar Analyst Rating has been downgraded to neutral following changes to the management of the fund.

Date changed

01/10/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

Morningstar no longer believe this fund can be considered one of their best ideas in the sector.

Date changed

01/10/2019

Name of investment

What’s changed? (Morningstar view)

Added.

Morningstar are adding this fund to the select list as a replacement for the fund ‘River & Mercantile UK Equity Smaller Companies’. Morningstar believe this addition to the select list offers a solid option for UK smaller companies’ exposure.

Date changed

01/10/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

The fund’s Morningstar Analyst Rating has been downgraded to Neutral. This is on the back of concerns around the strategy’s execution, liquidity, and risk management.

Date changed

28/08/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

The fund’s Morningstar Analyst Rating has been downgraded to Neutral. This was a result of the portfolio having a mixed track record.

Date changed

28/08/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

The fund’s Morningstar Analyst Rating has been downgraded to Neutral. This was due to a loss in confidence on the management of the fund.

Date changed

28/08/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

Due to management changes Morningstar no longer believe this fund constitutes one of their best ideas in the sector.

Date changed

28/08/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

Morningstar no longer believe this offering within its category constitutes one the best ideas in the sector.

Date changed

28/08/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

A higher U.K. bias has affected returns since the Brexitvote in June 2016 and stock selection has continued to deteriorate. The short and long term strategy are also tied in with the Brexitoutcome. Morningstar’s view is that the investment process has declined, the analyst rating has now downgraded this investment from Bronze to Neutral.

Date changed

26/04/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

Andrew Rose who is a long-standing manager will retire in June 2019. His departure will mark a significant loss in experience. He will be succeeded as lead manager on this fund by Masaki Taketsume. Taketsume has extensive experience analysing Japanese technology stocks but little portfolio-management experience. Analyst rating downgraded from Under Review to Neutral.

Date changed

26/04/2019

Name of investment

What’s changed? (Morningstar view)

Removed.

Analyst rating downgraded from bronze to neutral following internal managerial changes.

Date changed

25/01/2019

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales no. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.