Onshore global funds fail the S&P AAA test

Professional Adviser
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No onshore funds received an AAA rating from Standard & Poor's in its latest review of global equiti...

No onshore funds received an AAA rating from Standard & Poor's in its latest review of global equities funds. The onshore Fidelity MoneyBuilder and Wealth-builder funds, which are both AAA-rated and listed in the IMA's global growth sector, are included by Standard & Poor's in its managed funds review to take place later in the year. In all 12 offshore funds received AA ratings. A number of onshore funds did receive AA ratings including GAM International Growth which was the only onshore fund to see its rating rise. S&P's analysts found that the GAM fund has one of the best risk re...

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