FundCalibre has expanded its ratings service with the launch of Elite Radar for younger funds on the research team's watch list.
The Elite Radar accolade is for funds that do not have the minimum three-year track record required gain an Elite rating.
To achieve this accolade, funds must pass an AlphaQuest quantitative screening and be subjected to a manager interview about the investment process, followed by a review from the FundCalibre research team.
Darius McDermott, managing director of FundCalibre, said: "Occasionally, a fund or manager will come to our attention that does not have the required three-year track record for an Elite Rating - because it is a new launch or a new type of mandate or different investment area for a manager - but which we place on our watch list.
"We thought it was time to share that list - after all, if we are watching them, others may like to do the same."
FundCalibre has awarded eight funds with the new Elite Radar rating.
RWC Continental European Equity
Launched in December 2017, the €41.9m fund is managed by former veteran Fidelity manager Graham Clapp (pictured). He joined RWC in September after the firm acquired Pensato Capital, which he founded. Prior to this, the manager spent 22 years at Fidelity, where he ran the €25bn European Growth fund.
Evenlode Global Income
This fund has grown to £118m in assets under management (AUM) since launch in November 2017. It is managed by CEO and co-founder Ben Peters and portfolio manager Chris Elliott, who invest in asset-light business models with high barriers to entry and where customer purchase decisions are not entirely driven by price.
Liontrust UK Micro Cap
Launched in March 2016, the £35m fund is co-managed by Anthony Cross and Julian Fosh. It returned 23.1% over the past year versus 11.1% for the IA UK Smaller Companies sector, as at 7 September, according to FE.
McDermott added: "Cross' 20-year-old Economic Advantage process is now being used to identify gems among the UK's smallest companies."
Livingbridge Multi-Cap Income
The £27.8m fund was launched in June 2017 for managers Brendan Gulston and Ken Wotton, and has returned 15.1% over the past year versus 3.7% for the IA UK Equity Income sector, as at 7 September.
"The managers of this fund are looking to replicate their smaller companies process in an income-producing fund," McDermott said.
Investec Global Special Situations
Launched in December 2007, the £69m fund is co-run by portfolio managers Alessandro Dicorrado and Steve Woolley, who took over fund in 2016, which is the reason for the rating.
McDermott added: "This fund is the natural evolution of an existing, and successful, UK equity fund investment process."
Old Mutual Gold & Silver
Launched in March 2016, the $262m fund is managed by Ned Neylor Leyland, who joined the firm in 2015.
Baillie Gifford Japan Income Growth
The £521m fund is co-run by portfolio managers Matthew Brett and Karen See. It uses the same process applied to the group's other Japanese funds, which involves investing in good quality businesses with strong prospects for earnings growth.
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