Morningstar upgrades Veritas Global Equity Income and Veritas Global Focus funds to Elite, previously rated Superior

31 October 2011

Morningstar has today upgraded its rating for the Veritas Global Equity Income and the Veritas Global Focus funds, from Superior to Elite.

Ruli Viljoen, Head of Investment Research at OBSR, a Morningstar company comments:
“The managers at Veritas Global Equity Income and Veritas Global Focus use a thematic framework to identify industries that they believe will benefit from long-term structural drivers, overlaid with the search for companies with durable competitive advantages and strong, sustainable cash-flows. In both funds, preservation and growth of capital are considered to be of more importance than benchmark risk and the portfolio is managed with little regard to an index. The experience of the managers and the consistency with which they have delivered on their stated strategy leads us to upgrade our rating on both funds from Superior to Elite.”

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