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

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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

Rating downgraded

Aviva Investors US Equity Income - Downgraded

Rating downgraded

RENN Universal Growth - Downgraded

New launch

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

Rating downgraded

Old Mutual UK Dynamic Equity - Downgraded

Rating downgraded

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

Rating downgraded

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

New Rating

Henderson European Focus - New rating

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Baring Europe Select - New rating

Rating downgraded

Neptune European Opportunities - Downgraded

Rating downgraded

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

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

Threadneedle European Smaller Companies - New rating

We have awarded Threadneedle European Smaller Companies a 3 star rating following a meeting with the new manager of the fund Mark Heslop.

Heslop has worked as a Management Consultant and an Accountant at PWC and is a Chartered Accountant. Prior to joining Threadneedle in 2008 he worked as a sell-side analysts at Citi. Since then he has worked alongside Dave Dudding on the European Smaller Companies fund as well as with Philip Dicken, manager of the Pan European Smaller Companies fund. He took over the European Smaller Companies fund from Dudding in January 2013. The investment style is consistent between these managers as they all focus on high quality growing companies with barriers to entry and defendable earnings.

Heslop already has a successful track record of his own on an offshore European small cap mandate. As he is going to continue working with Dudding and Dicken within the European equity as well as the UK Smaller Company teams we believe he has a good chance of building on that success and maintaining the strong performance of the European Smaller Companies fund.

Rated 3 stars. The fund will again feature on our Premier Selection list.

Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.

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.If you are unsure about the suitability of an investment or if you need advice on your specific requirements, we strongly suggest that you consider professional financial advice.

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.