View more on these topics

S&P follows fund firms’ example

S&P Fund Services says it rates multi-manager funds by putting them through the same process that multi-managers use for their underlying managers.

The fund research company recently awarded new A ratings to three Fidelity multi-manager funds, multi-asset navigator, multi-asset strategic defensive and multi-asset strategic.

Ratings for the multi-asset navigator fund and multi-asset strategic funds were awar-ded on the basis of consistently strong relative returns driven by asset allocation and the stock selection by the underlying managers.

Confidence in fund manager Trevor Greetham’s track record was enough to produce another A rating for the multi-asset strategic defensive fund despite a slow start.

Consistency in performance is key for S&P Fund Services when rating funds and it is not interested in funds that top their sector one month but prop the sector up the following month.

S&P Fund Services global head of equities Guy Boden says: “We ask multi-managers who they have bought and why. We ask them about access to managers, information and what they are doing with this information.

“The asset allocation process also needs to be right, so we will look at why a multi-manager prefers Asia over the US, for example.”



Keydata founder Ford accuses FSA of £30m client losses

Keydata founder Stewart Ford has accused the FSA of causing £30m of losses for investors in the failed firm’s SLS Capital funds, in claims the regulator has denied. Ford says the FSA and Keydata administrator PricewaterhouseCoopers blocked an attempt by him to rebuild the SLS portfolio of life settlement policies which would have seen investors’ […]


FSA founder says scrapping regulator is a mistake

The founding chairman of the FSA Howard Davies has warned that the Government is making a mistake by scrapping the regulator. In an interview with the Daily Telegraph, Davies says the current Government should not have announced the scrapping of the FSA without consultation. He says: “I think the Government is making a mistake in […]

HL cuts River & Mercantile fund from Wealth 150

Hargreaves Lansdown has removed the River & Mercantile UK equity smaller companies product from its Wealth 150 list of recommended funds due to poor stock selection. The IFA says it had high hopes for the fund when it launched in November 2006, but manager Dan Hanbury and deputy Richard Staveley have suffered after buying into […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm