group loses aa ratings on funds after poor performance over the past three years
Fidelity's £343m International and £497m Managed International funds have both lost their Standard and Poor's AA ratings after poor performance over the past three years. Both managed by Richard Habermann out of Boston, International is ranked 77 and Managed International is 113 out of 132 in the Global Growth peer group, with respective offer to bid returns of -42.8% and -48.9% over three years to 18 August In S&P's latest review of its Global Equities sector, the group said the inability to deal with this underperformance calls into question the credibility of the investment proce...
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