New Rating

Premier Pan European Property Share - New rating

Suspended

Edinburgh Worldwide - Rating suspended

New launch

F&C Global Real Estate Securities

New Rating

Henderson Asia Pacific Capital Growth - New rating

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Artemis European Opportunities - New rating

New Rating

Standard Life UK Equity Income Unconstrained - New rating

Rating downgraded

M&G Recovery - Downgraded

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Franklin UK Smaller Companies - New rating

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Investec UK Alpha - New rating

Rating upgraded

Jupiter Absolute Return - Rating upgraded

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Invesco PowerShares FTSE RAFI US 1000 - New rating

Rating downgraded

Invesco Perpetual Income and High Income - Downgraded

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Battle Against Cancer Investment Trust - New rating

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Foresight Solar Fund - New rating

New launch

Lindsell train global equity

New Rating

Aviva Investors US Equity Income Fund 2 - New rating

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Aviva Investors US Equity Income - Downgraded

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RENN Universal Growth - Downgraded

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Fidelity global enhanced income

Rating downgraded

iShares S&P 500 ETF (Inc) - Downgraded

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Vanguard S&P 500 ETF - New rating

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Martin Currie North America - Rating suspended

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iShares S&P 500 ETF (Inc) - Rating suspended

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Invesco perpetual global targeted returns

New Rating

Lazard Emerging Markets - New rating

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Old Mutual UK Alpha - New rating

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Cazenove UK Equity Income - New rating

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Old Mutual UK Dynamic Equity - Downgraded

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Franklin Mid Cap Fund - Downgraded

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AXA Framlington UK Mid Cap - New rating

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The Renewables Infrastructure Group (TRIG) - New rating

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BlackRock Frontiers Investment Trust - New rating

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Bluefield Solar Income - New rating

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GAM Star GAMCO US Equity - New rating

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AXA US Short Duration High Yield - Rating upgraded

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Jupiter Absolute Return - Downgraded

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Polar Capital Global Financials Trust - New rating

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Cazenove European - Rating suspended

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Jupiter Global Equity Income

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Henderson European Focus - New rating

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Baring Europe Select - New rating

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Neptune European Opportunities - Downgraded

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JPM European Smaller Companies - Downgraded

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Morant Wright Nippon Yield - New rating

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Blackrock UK Income - Downgraded

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Fidelity UK Smaller Companies - Downgraded

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BlackRock UK Dynamic and UK Absolute Alpha - Rating suspended

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Greencoat UK Wind Investment Trust - New rating

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Schroder UK Alpha Plus and Schroder UK Growth IT - Rating suspended

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TwentyFour Income fund

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Doric Nimrod Air Two - New rating

Rating downgraded

Aberdeen Emerging Markets - Rating downgraded

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Henderson Asian Growth Investment Trust - New rating

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Newton Higher Income - New rating

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Blackrock UK Income - New rating

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Threadneedle European Smaller Companies - New rating

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JO Hambro CM Global Opportunities

Suspended

BlackRock UK Dynamic and UK Absolute Alpha - Rating suspended

BlackRock has announced that Mark Lyttleton, portfolio manager on the BlackRock UK Dynamic Fund and the BlackRock UK Absolute Alpha Fund, will be leaving the company at the end of April. He will hand over fund management responsibilities on 28 March.

In his place Nigel Ridge has been appointed co-manager on the BlackRock UK Absolute Alpha Fund, alongside Nick Osborne co-manager since 2008. Ridge has an eight-year track record managing the BlackRock UK Equity Hedge Fund, a long / short UK equity strategy. He has 25 years’ experience managing UK equities.

The UK Dynamic fund will be taken over by Nick Little, manager of the BlackRock UK Fund since September 2011. BlackRock is also proposing to merge the UK Dynamic Fund with the BlackRock UK Fund. The investment objective of the UK Fund is not too dissimilar to the UK Dynamic Fund, with a focus on achieving long-term capital growth by investing primarily in the shares of larger LSE-listed companies.

Over the last three years to the end of January 2013 Nigel Ridge’s UK equity hedge fund has delivered a positive return of 11.4%. Since September 2011 to date, Nick Little’s UK fund has returned 27.3%, versus the IMA All Companies peer group return of 29.6%.

Mark Lyttleton had failed to turn around the performance of his two funds in recent years, so his departure will come as no surprise. We have suspended our one-star rating on both funds to reflect these changes. Investors may wish to consider Threadneedle UK Absolute Alpha and BlackRock UK Special Situations as alternative investments.

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.