Rating downgraded

Man GLG Japan CoreAlpha Equity

Rating downgraded

Man GLG Japan CoreAlpha

Rating downgraded

Invesco Perpetual Income

Rating downgraded

Invesco Perpetual High Income

Rating downgraded

Standard Life Global Absolute Return Strategies (SLIM GARS) – downgrade

Rating downgraded

AXA Framlington UK Select Opportunities - downgrade

New Rating

Artemis US Absolute Return

Rating downgraded

Old Mutual UK Alpha

Rating downgraded

Unicorn UK Income

Rating downgraded

Marlborough Special Situations

Rating downgraded

M&G Strategic Corporate Bond - downgrade

Rating downgraded

Woodford Equity Income - downgrade

New Rating

Jupiter UK Special Situations

Rating downgraded

JO Hambro UK Opportunities

New Rating

Jupiter Income Trust

New Rating

Schroder ISF Asian Total Return

Rating downgraded

F&C UK Property

Rating downgraded

Schroder UK Alpha Income

Rating downgraded

Henderson European Focus

New Rating

CRUX European Special Situations

New Rating

Artemis US Absolute Return

This is a moderately directional, US long / short equity fund. The manager previously ran an identical mandate with the same team at Columbia Threadneedle Investments.

The strategy’s performance profile has been strong and notable by its lack of volatility – partly a function of security diversification, modest style biases and overall low-net exposure, with the majority of returns attributable to stock selection alpha, on both the long and short books.

The fund is awarded a new four star rating.

This does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers. Past performance is not a guide to future performance. Please also read the important information below.