Ellipsis Global Convertible Fund

Latest fund update

We have been informed that Damien Vermonet, one of the Portfolio Manager of the Global Convertible Bond Fund will be leaving Ellipsis in the course of next month.

As a consequence, we downgrade the rating of the Ellipsis Global Convertible Fund to “On Hold” from “Selected” in our List.

The decision applies to all share classes of the fund and it means that we recommend not to add money in the fund but rather maintain existing assets.

This is not a recommendation to sell the fund.