New Rating

Premier Pan European Property Share - New rating

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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

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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

New launch

Fidelity global enhanced income

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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

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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

Rating downgraded

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

Rating upgraded

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

New Rating

Doric Nimrod Air Two - New rating

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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

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Investec UK Alpha - New rating

Though young for a fund manager, Philip Rodrigs already has a successful track record going back more than seven years on the Investec UK Smaller Companies fund. He took over the Investec UK Alpha fund in April 2012 and so far seems to be repeating his success.

The two funds differ in the size of the companies they invest in. UK Alpha focuses on FTSE 100 and FTSE 250 stocks (£500 million market capitalisation and above), whereas the UK Smaller Companies looks primarily at companies below £500 million in size. However, there are a small number of stocks that feature in both portfolios. The funds follow similar processes - using Investec’s 4Factor quantitative system so sieve the investment universe before undertaking fundamental research on the highest scoring stocks.

Though his record in the UK All Companies sector is short, Rodrigs’ experience running the smaller companies fund, his stock knowledge and the team around him give us confidence that his success will continue.

We have awarded the fund a three star rating and it will feature in our Premier Selection.

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.