Suspended

Fidelity American - Rating suspended

Rating upgraded

Trojan Fund - Rating upgraded

Rating upgraded

Newton Global Higher Income - Rating upgraded

Suspended

Newton Higher Income

Suspended

Jupiter Income and Jupiter High Income funds - Rating suspended

Suspended

Threadneedle European Smaller Companies - Rating suspended

New Rating

Baronsmead VCT linked offer - New rating

Rating downgraded

Aberforth UK Small Companies - Downgraded

New Rating

Fidelity UK Smaller Companies - New rating

Rating downgraded

Old Mutual UK Select Smaller Companies - Downgraded

New Rating

Liontrust Special Situations - New rating

Suspended

JPM Japan fund - Rating suspended

New Rating

TR Property Sigma - New rating

Suspended

UBS US Growth - Rating suspended

New Rating

Twentyfour Dynamic Bond - New rating

New Rating

Battle Against Cancer Investment Trust ("BACIT") - New rating

Rating downgraded

Investec Global Free Enterprise - Downgraded

Rating downgraded

Skandia Global Best Ideas - Downgraded

Rating downgraded

Fidelity International - Downgraded

New launch

Jupiter Merlin Conservative Portfolio

New Rating

GCP Infrastructure - New rating

New Rating

Henderson Asia Pacific Capital Growth - New rating

New Rating

Allianz BRIC Stars - New rating

New Rating

Legg Mason UK Equity - New rating

New Rating

Artemis Capital - New rating

New Rating

JPM UK Dynamic - New rating

Rating downgraded

Henderson UK Alpha - Downgraded

New Rating

Neptune US Opportunities - New rating

New Rating

Fidelity American - New rating

New Rating

Fidelity Strategic Bond - New rating

New Rating

Henderson European Focus - New rating

New launch

Artemis Monthly Distribution

New launch

Schroder Managed Monthly High Income

Rating downgraded

Neptune European Opportunities - Downgraded

Rating downgraded

M&G Global Leaders - Downgraded

Rating downgraded

M&G American - Downgraded

Rating downgraded

Martin Currie North America - Downgraded

New Rating

UBS US Growth - New rating

Rating downgraded

Invesco Perpetual Tactical and Corporate bond Funds - Downgraded

Rating downgraded

City Merchants High Yield - Downgraded

Rating downgraded

Artemis UK Special Situations - Downgraded

Rating downgraded

M&G Recovery - Downgraded

Rating downgraded

Cazenove UK Growth and Income - Downgraded

Suspended

AXA Framlington UK Smaller Companies - Rating suspended

New Rating

Threadneedle European Select - New rating

New Rating

Schroder Tokyo - New rating

Rating downgraded

Atlantis Japan - Downgraded

Rating downgraded

Martin Currie Japan - Downgraded

Rating downgraded

Legal & General US Index - Downgraded

New Rating

Schroder UK Alpha Plus - New rating

New Rating

Fidelity MoneyBuilder Dividend - New rating

Rating downgraded

Schroder Income Maximiser - Downgraded

Rating downgraded

Fidelity Special Situations and Fidelity Special Values - Downgraded

Rating downgraded

M&G Property Portfolio - Downgraded

Rating downgraded

SWIP Property Trust - Downgraded

Rating downgraded

Henderson UK Property - Downgraded

New Rating

Schroder Asian Alpha Plus - New rating

New launch

Schroders Strategic Bond Fund

New launch

Fidelity Global High Yield Bond

New launch

Schroders Small Cap Discovery fund

Rating downgraded

Aberdeen Emerging Markets - Downgraded

Rating downgraded

Blackrock UK Absolute Alpha – Downgraded

New Rating

Standard Life European Income - New rating

Rating downgraded

Ignis European Income Fund - Downgraded

New Rating

Threadneedle UK Absolute Alpha - New rating

New launch

Fidelity Global Dividend

New Rating

SWIP Property Trust -Rating unchanged

Suspended

Baring Global Bond - Rating suspended

Rating downgraded

Standard Life UK Equity High Income - Downgraded

New launch

Invesco Perpetual Global Financial Capital Fund

New launch

Standard Life Global Smaller Companies

New launch

Baronsmead VCTs

New launch

Foresight VCT and VCT 2 Infrastructure Shares

Rating downgraded

Cazenove European - Downgraded

New Rating

Pictet Environment Megatrend Selection - New rating

Rating downgraded

Blackrock UK Absolute Alpha – Downgraded

BlackRock UK Absolute Alpha has now struggled to achieve its performance target with any consistency over the last three years, culminating in a particularly poor 2011.

The manager has also suffered from poor performance across his long only UK equity mandates. We have reduced our fund rating to a 1 star sell.

Investors may wish to consider Threadneedle UK Absolute Alpha as an alternative, which has recently been awarded a 4-star rating.

Investors should be aware that Absolute Return funds do not guarantee a positive return and you could get back less than you invested much like any other investment. Additionally, the underlying assets of Absolute Return funds generally use complex hedging techniques through the use of derivative products.

Funds may carry different levels of risk depending on the industry sector(s) in which they invest. You should ensure that you understand the nature of any fund before you invest in it.

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change.