Following a recent Morningstar Analyst Ratings Meeting, we have moved the First State Global Listed Infrastructure fund to a Morningstar Analyst Rating™ of Bronze. The fund previously held a Silver Rating. Peter Meany is an experienced infrastructure investor with over a decade of investment experience and we hold him and his team of infrastructure specialists in high regard. His expertise in this space, in conjunction with a rigorous and well-thought-through process has served investors well thus far. Nonetheless, we note this is a peer group with a number of talented teams and as a result, we believe this particular team ranks a notch lower relative to other listed infrastructure offerings that Morningstar follows globally.

See the latest Morningstar fund rating news here.