nsight Investment is the latest fund manager to pull out of the Standard & Poor's fund ratings servi...
nsight Investment is the latest fund manager to pull out of the Standard & Poor's fund ratings service.
Insight had five single A-rated funds, three under review and one new fund rating, but the group's range will no longer be covered by S&P from July, when the contract ends.
Stuart Alexander, sales director at Insight, said the group is keen to continue using independent third party research on its funds in its marketing and promotional material and he is currently reviewing alternative providers.
Alexander added: 'It is a very competitive market with various ratings agencies providing similar services and we feel we need to go with the provider that best adds value in terms of research for the cost.'
Insight already subscribes to Forsyth-OBSR's ratings service but is also reviewing a number of alternatives, Alexander added. Insight is the third high profile fund group to pull out of S&P in the last two months, following Framlington and SGAM.
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