Old Broad Street Research (OBSR) has upgraded the BlackRock UK Special Situations fund to AAA following a ratings meeting on May 14.
The fund, managed by Richard Plackett since 2004, has lost 10.49% over three years compared with a 14.88% average fall in the Investment Management Association (IMA) UK All Companies sector.
Plackett also manages the BlackRock UK Smaller Companies fund which is rated AAA by OBSR.
The ratings agency says the upgrade is an “acknowledgement of our high conviction in this experienced fund manager and his proven ability to deliver attractive relative returns through this all cap fund in a variety of market conditions”.
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