Forsyth Partners is diversifying into the UK investment sector and has joined forces with Old Broad ...
Forsyth Partners is diversifying into the UK investment sector and has joined forces with Old Broad Street Research to launch a qualitative fund analysis and ratings service.
Free to intermediaries, the web-based services offers A, AA and AAA ratings will look at 50 fund management companies to analyse 200 authorised unit trusts, OEICs and 'UK friendly' offshore funds at the start, however, Forsyth is expected to build from its ratings knowledge of the offshore sector to build up at least 250 ratings within a few months.
Ratings are delivered through a search engine on the website - www.forsyth-obsr.com - on a quarterly basis and then either broken down and analysed in AUTIF groups or investments can be selected based on market cap, geographical boundaries and style.
Each rating comes with a one-page fund report, explaining its rating, classification,
investment objective and methodology, and like other fund ratings services, it is the fund managers who will be charged a flat fee for. Depending on the size of the firm, for being included in the service.
The Forsyth-OBSR Fund Ratings service will recommend funds which are set to outperform over a
three-year time horizon, regardless of its past performance, as the team believes mergers and takeovers occur so frequently that long-term peformance can be severely distorted.
move around more frequently than ever before.
Fund ratings are allocated on expectations of the fund rather than past experience, and are based on the:
Strength of investment process and length of time it has been in place;
Continuity of investment personnel;
Investment style that has proven durable over time;
Clearly defined investment objectives;
Strong and consistent past performance record, and
Favourable risk adjusted returns.
Peter Toogood, Managing Director of Investments & Research at Forsyth Partners
says: "The focus of our research is to gain a thorough understanding of the investment
process applied in the management of a fund. This part of the analysis is ongoing. Forsyth-OBSR
rated managers are monitored on a quarterly basis, and may be contacted or re-interviewed.
Managers of other funds which may aspire to Forsyth-OBSR rated status are
also regularly interviewed."
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