Broad returns range for managed funds sector

Fidelity's MoneyBuilder Global and Wealthbuilder funds have been upgraded to frAAA in Standard Poor's Fund Research's Managed Funds review. The portfolios are managed by Richard Skelt who has headed up both since launch, which was in February 1988 for Moneybuilder and December 1996 for WealthBuilder. Capel Cure Sharp's managed balanced fund, the CCS Hallmark Growth Portfolio, was also upgraded to frAAA. The most notable relegation from last year's ratings is £1.218bn M&G Managed Income. This was ranked frA last year but failed S&P's quantitative screens this year. In the three years t...