Ratings down for Newton

The two managed funds formerly run by Netwon's Robert Shelton have lost their Standard & Poor's AAA ratings, leaving Fidelity's two fettered fund of funds as the only two AAA-rated funds in the managed funds universe. Fidelity's Moneybuilder and Wealthbuilder funds, which are both listed in the global growth sector, stand alone at the top of the S&P ratings table following the reduction of the rating on the Newton Managed and Royal Bank of Scotland Balanced funds from AAA to AA. The two demoted funds, neither of which has a fund of funds structure, have been reduced following the prolon...