Investment giants take hit from new fund ratings

Dozens of funds promoted by giant brands including Scottish Widows and the world’s largest fund management firm, Fidelity International, are returning well below expectation, and reputation, according to the system. It has been devised by online ratings company Moneyspider.com, which rates from A – best - down to E – worst - performing funds, based on a combination of one, three and five year performance. It considers each fund against four different parameters, including its sector, all-funds, and FTSE ranking, as well as its performance against cash. According to Moneyspider, Scottish ...