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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes