Fayez Sarofim, who founded his eponymous investment firm in 1958, has died at age 93. Sarofim was still listed as a manager on BNY Mellon Appreciation and BNY Mellon Worldwide Growth but had long ago built out the team that runs these strategies on a day-to-day basis. As a result, their Above Average People rating and overall Morningstar Analyst Ratings are not impacted.
Morningstar’s Fund Analysis DGIGX
Will DGIGX outperform in future?
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DGIGX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the DGIGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of DGIGX’s parent organization’s priorities and whether they’re in line with investors’ interests.