S&P upgrades for GAM funds

Professional Adviser
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James Abate's GAM Star American Focus fund has been awarded an AAA rating from S&P, while Gordon Gre...

James Abate's GAM Star American Focus fund has been awarded an AAA rating from S&P, while Gordon Grender's GAM North American portfolio was upgraded from A to AA in the latest review of the sector. At the same time, three of Aberdeen's North American funds lost their ratings as a result of Rupert Della-Porta's departure from the group's US equity team. The only Aberdeen North American fund to retain an S&P rating is Aberdeen American Opportunities, with a single A, run out of the US by mutual fund group Phoenix. According to S&P, value-orientated fund managers had a competitive advantag...

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