RSMR has already rated 12 multi-asset fund ranges with two more imminent, Geoff Mills director at RSMR said. They include ranges from 7IM, Allianz Global Investors, F&C, Henderson, Jupiter, L&G Investment Management, Old Mutual Global Investors and Standard Life Investment.
The SRI fund rating service launches with 25 funds already having the new stamp of approval. These include funds from Aberdeen, Ecclesiastical, F&C, Rathbone, Royal London, Allianz, Jupiter, Schroders, Kames Capital, Standard Life Investments, Alliance Trust, First State, Sarasin and WHEB.
According to Mills the increasing popularity of both multi-asset investment solutions and SRI funds, together with the implications of the RDR have created a demand for these new kinds of ratings to complement the traditional individual fund rating services.
“The development of our new fund rating services to include SRI funds and fund ranges is a natural progression for RSMR as we adapt to the changing market and investor needs,” Mills said.
“The new rated fund range rating has been created following adviser demand for additional clarity in the selection and use of the numerous multi-asset fund ranges which are now available,” he added.
The fund range rating will carry a purple shaded logo while the SRI ratings with be given a green logo indicating approval. Full details will be available from tommorrow (22 May).
