Eastern European fund upgraded one rating band by Standard and Poor's
The Schroder Eastern European fund was the only one to be upgraded to AAA status, an improvement of one rating band on the previous year, following Standard & Poor's sector review of Eastern Europe, Middle East and Africa (EMEA) funds. S&P's report on the EMEA sector covered one closed-ended and 14 open-ended funds domiciled in the UK and offshore. Funds that obtained an AA rating include the Baring Emerging Europe Trust and the Templeton Eastern Europe Fund. Six funds achieved first time coverage in this year's report, one of which was the Cayman Islands domiciled open-ended investme...
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