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

New Rating

Artemis European Opportunities - New rating

New Rating

Standard Life UK Equity Income Unconstrained - New rating

Rating downgraded

M&G Recovery - Downgraded

New Rating

Franklin UK Smaller Companies - New rating

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Investec UK Alpha - New rating

Rating upgraded

Jupiter Absolute Return - Rating upgraded

New Rating

Invesco PowerShares FTSE RAFI US 1000 - New rating

Rating downgraded

Invesco Perpetual Income and High Income - Downgraded

New Rating

Battle Against Cancer Investment Trust - New rating

New Rating

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

Rating downgraded

iShares S&P 500 ETF (Inc) - Downgraded

New Rating

Vanguard S&P 500 ETF - New rating

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Martin Currie North America - Rating suspended

Suspended

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

New launch

Invesco perpetual global targeted returns

New Rating

Lazard Emerging Markets - New rating

New Rating

Old Mutual UK Alpha - New rating

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Cazenove UK Equity Income - New rating

Rating downgraded

Old Mutual UK Dynamic Equity - Downgraded

Rating downgraded

Franklin Mid Cap Fund - Downgraded

New Rating

AXA Framlington UK Mid Cap - New rating

New Rating

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

New launch

Jupiter Global Equity Income

New Rating

Henderson European Focus - New rating

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Baring Europe Select - New rating

Rating downgraded

Neptune European Opportunities - Downgraded

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JPM European Smaller Companies - Downgraded

New Rating

Morant Wright Nippon Yield - New rating

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Blackrock UK Income - Downgraded

Rating downgraded

Fidelity UK Smaller Companies - Downgraded

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BlackRock UK Dynamic and UK Absolute Alpha - Rating suspended

New Rating

Greencoat UK Wind Investment Trust - New rating

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

New launch

TwentyFour Income fund

New Rating

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

New launch

JO Hambro CM Global Opportunities

New Rating

The Renewables Infrastructure Group (TRIG) - New rating

The Renewables Infrastructure Group is a new London-listed investment company, raising £300 million for a launch in July 2013. It will be fully invested at launch in a diversified portfolio of 14 onshore wind and 4 solar PV energy assets in the UK, France and Ireland. It targets a 6.0p dividend per annum increasing with inflation.

The investment manager is InfraRed Capital Partners (which also manages HICL Infrastructure plc). The operations manager is Renewable Energy Systems (part of the Sir Robert McAlpine group of companies).

The fund is fully invested at launch so the dividends should quickly be able to reach the target of 6p per annum. However the assets are not all new with completion dates ranging from 2000 to 2013 and some are as small as 4 to 5 MW. Initially 75% of revenue will be guaranteed and dividends are initially covered 1.4x by cash flow. The company will need to reinvest the surplus to sustain the fund's valuation. Both sets of managers are well resourced and have a long pedigree in developing, operating and sourcing infrastructure projects.

We have given The Renewables Infrastructure Group a new three-star rating.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns.

Funds may carry different levels of risk depending on the industry sector(s) in which they invest.

Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing.

Due to their nature, specialist funds can be subject to specific sector risks. Investors should ensure they read all relevant information in order to understand the nature of such investments and the specific risks involved.