Rating downgraded

Veritas Global Equity Income

Rating downgraded

Aviva Investors US Equity Income

Rating downgraded

T Rowe Price US Smaller Companies Equity

Rating downgraded

Schroder US Mid Cap

Rating downgraded

Schroder US Smaller Companies

Rating downgraded

Invesco Perpetual Asian

Rating downgraded

Invesco Perpetual Pacific

Rating downgraded

Janus Henderson Asian Dividend Income

Rating downgraded

JPM Emerging Markets Income

Rating downgraded

Lazard Emerging Markets

Rating downgraded

Fidelity Asia

Rating downgraded

Henderson European Focus

Rating downgraded

Marlborough UK Micro Cap Growth

Rating downgraded

Ardevora Global Long Only

Rating downgraded

Fidelity Global Enhanced Income

Rating downgraded

Old Mutual Global Equity

Rating downgraded

JPM Europe Dynamic (ex-UK)

Rating downgraded

F&C European Small Cap ex UK

Rating downgraded

JO Hambro CM Continental European

Rating downgraded

Legg Mason IF Japan Equity

Rating downgraded

AXA Framlington Japan

Rating downgraded

Schroder Tokyo

Rating downgraded

Old Mutual North American Equity

Rating downgraded

Cullen North American High Dividend

Rating downgraded

Artemis Income

Rating downgraded

Schroder Income Maximiser

Rating downgraded

Fidelity Moneybuilder Dividend

Rating downgraded

Old Mutual UK Equity Income

Rating upgraded

JO Hambro UK Dynamic

New Rating

BlackRock Continental European Income

Rating downgraded

Standard Life European Equity Income

Rating downgraded

Schroder Tokyo

New Rating

Baillie Gifford Japanese

Rating downgraded

Kames Strategic Bond

Rating downgraded

FP Argonaut European Alpha

Rating downgraded

TM Sanditon European

Rating downgraded

Aberdeen Global Asia Pacific Equity

Rating downgraded

Aberdeen Asia Pacific Equity

Rating downgraded

Aberdeen Global Asian Smaller Companies

Rating downgraded

Aberdeen Asia Pacific & Japan Equity

Rating downgraded

First State Greater China Growth

Rating downgraded

Aberdeen Global Indian Equity

Rating downgraded

Stewart Investors Indian Subcontinent

Rating downgraded

Stewart Investors Latin America

Rating downgraded

TM Fulcrum Diversified Core Absolute Return

Rating downgraded

Newton Real Return Institutional

Rating downgraded

Absolute Insight Equity Market Neutral

Rating downgraded

Insight Absolute Insight

Rating downgraded

BNY Mellon Absolute Insight

Rating downgraded

Artemis US Absolute Return

Rating downgraded

Kames UK Equity Absolute Return

Rating downgraded

BH Global Plc

Rating downgraded

First State Global Resources

Rating upgraded

JO Hambro UK Opportunities

Rating downgraded

Aberdeen Emerging Markets Equity

Rating downgraded

Aberdeen Global Emerging Markets Equity

Rating downgraded

Aberdeen Global Emerging Markets Smaller Companies

Rating downgraded

GAM Star Technology

Rating downgraded

JO Hambro CM Japan

Rating downgraded

Jupiter Financial Opportunities

Rating downgraded

Polar Capital Global Insurance

Rating downgraded

Templeton Frontier Markets

New launch

Woodford Income Focus

Rating downgraded

JO Hambro UK Opportunities

New Rating

Lindsell Train UK Equity - New rating

New Rating

Lindsell Train Global Equity - New rating

Rating downgraded

Absolute Insight Equity Market Neutral

We have undertaken a review of our list of recommended funds from the targeted absolute return sector and have decided to downgrade the star ratings of a number of funds we currently cover in our research, including Absolute Insight Equity Market Neutral. 

Instead, we will focus our research efforts on a more limited number of alternative ideas from the targeted absolute return sector, in which we have higher levels of conviction.

To reflect the withdrawal of future coverage, we have given each of these funds a one-star ‘switch’ rating, while our alternative, high-conviction ideas will benefit from our ongoing monitoring.

This does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers. Funds may carry different levels of risk depending on the industry sector(s) in which they invest. Targeted Absolute Return funds do not guarantee a positive return and you could get back less than you invested, as with any other investment. Additionally, the underlying assets of these funds generally use complex hedging techniques through the use of derivative products, which can carry additional risks which may not be immediately apparent.