Global funds rating service Standard & Poor's is to phase out the printed reports it sends to interm...
Global funds rating service Standard & Poor's is to phase out the printed reports it sends to intermediaries and fund groups in favour of online publishing.
The move by Standard & Poor's, which is part of the US-based McGraw-Hill Companies group, comes as the fund rating factsheets available on the website at www.funds-sp.com have been revamped.
The factsheets now give advisers access to portfolio information on more than 2,200 equity and bond funds. They show top 10 stocks by weight as well as industry category, breakdowns of funds and, where applicable, country and currency asset allocation.
In phasing across to a purer web-based service, Standard & Poor's is responding to demand from advisers and fund groups and building its brand recognition in the direct market.
Standard & Poor's said its website is now receiving 1.5 million hits per quarter, a figure that indicates it is making headway in terms of recognition from the general public and is increasing its media profile in consumer publications.
Although details of the future shape of the service are being finalised, it seems likely the more compact online fund rating reports, smaller than the current print versions, will be supplemented with additional pages for advisers.
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