HSBC's Tim Russell regains AAA rating

HSBC's talismanic UK fund manager Tim Russell has regained the Standard & Poor's AAA rating on his UK Income & Growth fund which he lost in last year's annual review of funds. The other new entries into the top bracket of funds rated by S&P are ABN Amro's UK Select Opportunities fund managed by Nigel Thomas and the offshore HSBC GIF UK Equity Fund. The total number of AAA-rated funds remains at six, however, with the Deutsche Blue Chip fund, the Henderson Horizon UK Smaller Companies and Henderson UK Smaller Companies funds falling from AAA to AA. The ABN Amro UK Growth fu...