New Rating
TM Hearthstone UK Residential Fund - New rating
- Home
- Investments
- Fund rating changes and launches
- Standard Life UK Smaller Companies - Downgraded
Rating downgraded
Newton Global Income - Downgraded
New Rating
Fundsmith Equity - New rating
New Rating
CC Japan Income & Growth Trust (CCJI) - New rating
New Rating
Legg Mason IF Japan Equity - New rating
New Rating
Old Mutual North American Equity - New rating
New Rating
AXA Framlington Japan - New rating
New Rating
T Rowe Price US Smaller Companies Equity - New rating
Suspended
City Natural Resources High Yield Trust - Rating suspended
New Rating
Vanguard FTSE Developed Europe ex-UK Equity Index - New rating
New Rating
Vanguard FTSE Developed World ex-UK Equity Index - New rating
New Rating
Vanguard FTSE UK Equity Income Index - New rating
New Rating
Vanguard UK Government Bond Index - New rating
New Rating
Vanguard UK Inflation-Linked Gilt Index - New rating
New Rating
Vanguard US Equity Index - New rating
New Rating
Fidelity Index Pacific ex Japan - New rating
New Rating
Fidelity Index Japan - New rating
New Rating
Fidelity Index Emerging Markets - New rating
New Rating
Insight Strategic Bond - New rating
New Rating
Henderson Fixed Interest Monthly Income - New rating
New Rating
Fulcrum Diversified Core Absolute Return - New rating
New Rating
JPM Multi-Asset Macro - New rating
New Rating
F&C Responsible Global Equity - New rating
Rating downgraded
Aberdeen Ethical World Equity - Downgraded
New Rating
Standard Life Investments Property Income Trust - New rating
New Rating
ETFS Physical Gold GBP - New Rating
Rating upgraded
BlackRock Gold & General - Upgraded
New Rating
JPM Emerging Markets Income - New rating
New Rating
Loomis Sayles US Equity Leaders - New Rating
New Rating
Old Mutual Global Equity - New rating
New Rating
Jo Hambro CM Global Opportunities - New rating
New Rating
Fidelity Global Enhanced Income - New rating
New Rating
Ardevora Global Long Only Equity - New rating
Rating downgraded
British Empire IT - Downgraded
New Rating
F&C Real Estate Securities - New rating
Rating downgraded
Morgan Stanley Diversified Alpha Plus - Downgraded
New Rating
Ardevora UK Income - New rating
New Rating
Old Mutual UK Equity Income - New rating
New Rating
Newton Global Emerging Markets W - New rating
New Rating
RobecoSAM Smart Materials Fund - New rating
Rating downgraded
Blackrock World Mining Trust - Downgraded
Rating downgraded
Aberdeen Global Indian Equity - Downgraded
Rating downgraded
Aberdeen Asian Income Fund - Downgraded
Rating downgraded
Aberdeen Global Asian Smaller Companies - Downgraded
Rating downgraded
Aberdeen Asian Smaller Companies IT - Downgraded
Rating downgraded
Edinburgh Dragon IT - Downgraded
Rating downgraded
Aberdeen New Dawn IT - Downgraded
Rating downgraded
Aberdeen Asia Pacific & Japan Equity - Downgraded
Rating downgraded
Aberdeen Asia Pacific Equity - Downgraded
Rating downgraded
Aberdeen Global Asia Pacific Equity - Downgraded
New launch
P2P Global Investments C-share issue
Rating downgraded
Murray International - Downgraded
Rating downgraded
Aberdeen World Equity Income - Downgraded
Rating downgraded
Aberdeen World Equity - Downgraded
Rating upgraded
Artemis Global Income - Rating upgraded
New Rating
Threadneedle Dynamic Real Return - New rating
Suspended
BlackRock UK Special Situations - Rating suspended
Rating downgraded
Templeton Emerging Markets Trust (TEM) - Downgraded
Rating downgraded
iShares S&P SmallCap 600 UCITS ETF - New rating
New Rating
SSGA SPDR Barclays 1-5 year Gilt UCITS ETF - New rating
Rating downgraded
Standard Life UK Smaller Companies IT - Downgraded
Rating downgraded
Standard Life UK Smaller Companies - Downgraded
Rating downgraded
Schroder UK 250 Mid Cap - Downgraded
Rating downgraded
Montanaro UK Smaller Companies - Downgraded
Rating downgraded
Artemis UK Smaller Companies - Downgraded
Rating downgraded
Old Mutual UK Smaller Companies - Downgraded
Rating upgraded
Franklin UK Smaller Companies - Rating upgraded
Rating downgraded
Newton Asian Income - Downgraded
New Rating
F&C UK Property fund - New rating
Rating downgraded
Lazard Emerging Markets - Downgraded
New Rating
Fidelity Emerging Markets - New rating
New Rating
F&C European Small Cap ex UK Fund - New rating
Rating downgraded
Templeton Emerging Markets Investment Trust - Downgraded
New Rating
Fidelity UK Smaller Companies - New rating
New Rating
AXA Framlington UK Smaller Companies - New rating
New Rating
Tritax Big Box - New rating
New Rating
Woodford Patient Capital Trust - New rating
New Rating
Artemis Global Income - New rating
New Rating
Empiric Student Property - New rating
Rating downgraded
TM Sanditon European fund - New rating
Suspended
UK Commercial Property Trust - Rating suspended
Rating downgraded
BlueCrest BlueTrend (BBTS) - Downgraded
Rating downgraded
Standard Life UK Smaller Companies - Downgraded
The Standard Life UK Smaller Companies Fund (unit trust) was previously rated five stars by Bestinvest and was then downgraded to a two-star hold in 2011 after it was soft closed to new investors to limit growth in assets under management. However assets under management for the fund remain high. We believe they are likely to continue to compromise the manager’s ability to implement his investment style efficiently and, in doing so, his ability to deliver outperformance on a par with the past. We have higher conviction in alternative mandates that we believe are less constrained in this respect and have downgraded our rating to a 1 star.
The UK Smaller Companies investment trust also managed by Nimmo has historically outperformed his unit trust, although this distinction has become less pronounced over the last three years. The trust pursues an identical investment strategy and has a reasonably high degree of overlap with his open ended fund, consequently we would also expect it to be subject to the same challenges going forward. The trust is currently trading marginally below its rolling one-year discount to NAV, consequently we have downgraded our rating to a two star.
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.
Current or past yield figures provided should not be considered a reliable indicator of future performance.