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

Skandia Global Best Ideas - Downgraded

Skandia Global Best Ideas. We have downgraded the Skandia Global Best Ideas fund to a one star (sell) rating. The fund was launched in 2006 to much fanfare, a rare new concept in the fund management world. Skandia delegated portfolio to 10 external managers, each of whom would pick 10 stocks for the portfolio - 100 in total.

At launch we generally liked the freshness of the concept, and the fact that most of the underlying managers were rated by us on other funds. However, we expressed concerns that the managers didn’t communicate, which could lead to risks in portfolio construction e.g. if several managers selected similar types of stocks. We also noted the high charges and felt performance would have to be good to justify them. This has not been the case - the fund has trailed the benchmark and performance has also been volatile.

Investors looking for a UK biased international fund should consider Jupiter Merlin Growth Portfolio, which is rated three stars by Bestinvest, whilst Aberdeen World Equity is rated four stars and offers more diversified geographical exposure. Both feature in our our Premier Selection.

Our Managed Portfolio Service (MPS) creates a simple way to make sure your money isn't stuck in underperforming funds. If you have £50,000 or more to invest we can manage your portfolio.

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.