Advisers will now be able to compare multi-manager funds "like for like" after Old Broad Street Research (OBSR) revamped its fund rating website.
The firm previously offered the service for a fee but has now made it available at no cost to all intermediaries.
It says the service uses a new set of standard categories developed in conjunction with the fund managers themselves.
It says this qualitative categorisation, based on whether asset allocation is fixed or active and whether the return bias is relative, absolute or target, “creates an appropriate basis for comparison”.
“The proliferation of multi-manager funds means that a tool which enables like-for-like comparison is long overdue,” says Nigel Whittingham, development director at OBSR.
“There are now more than 260 multi-manager funds to choose from.”
OBSR has also added to its fund rating website after asking advisers and asset managers how it could be improved.
It now offers more funds to examine, a charting tool, fund factsheets and fund categorization, as well as a number of other features.
The service makes available OBSR’s independent research into Rated OEIC, Unit Trusts and Multi-Manager funds, free of charge for the professional adviser community.
Whittingham adds: “The OBSR ethos has always been to provide high quality independent research.
“This philosophy is precisely why we have redesigned the fund ratings site and expanded its scope to provide users with even more research salient to their business needs.”
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