Rayner Spencer Mills Research (RSMR) has launched a discretionary fund manager (DFM) rating category and confirmed six portfolios have been awarded its stamp of approval.
The initial six DFMs to be awarded with the fifth ‘R' badge in the firm's ratings series were Brooks Macdonald, Cazenove Capital, Close Brothers Asset Management, Rathbones, Seven Investment Management and Standard Life Investments. RSMR said more DFMs were in the process of being assessed for the rating. The Yorkshire-based investment research and fund ratings group, which rates products by either offering its 'R' badge of quality or not rating them at all, announced the launch of the DFM category at its inaugural ‘RSMR in the City' investment conference on 22 March. The DFM category...
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