S&P to rate new funds

The move enables Standard & Poor's to provide detailed analyses on funds not covered by quantitative-based data firms which rely on ranking funds according to past performance. Under UCITS III, fund promoters are extending their range of funds, and there are a rising number of 130/30* fund launches pending in the UK. Standard & Poor's believes its expanded offering will enable investors in heavily-marketed new funds to make more informed investment decisions, where competitor funds, which would normally serve as a benchmark, have not yet been clearly identified. Extending Standard & P...