As all unit trust sales directors know, Standard & Poor's Fund Research ratings sell funds, but just...
As all unit trust sales directors know, Standard & Poor's Fund Research ratings sell funds, but just how reliable is the service? In the eyes of a number of fund groups, the answer appears to be: not reliable enough. Several of the largest asset managers are among those looking to back a rival set of qualitative ratings being put together by Forsyth Partners and Old Broad Street. To an extent, this is a move to pressure S&P on price. With its near monopoly position in the market, it is able to charge near to monopoly prices, in the eyes of fund managers. But it also reflects what they fe...
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