News - Investment
Morningstar and OBSR have harmonised ratings for 32 funds where there was a discrepancy between the two agencies.
A review following Morningstar's acquisition of OBSR in April found 37 UK-domiciled funds where there was a difference in opinion.
The differences have now been resolved in all but five funds, and ratings have been adjusted on six non-UK-domiciled equivalent mandates.
The two firms are also in the process of aligning ratings for OBSR Global Fund Ratings.
Richard Romer-Lee, joint managing director of OBSR, says: "Since the acquisition, one of our first objectives has been to harmonise our UK fund ratings universe and ratings systems.
"The review process has been very thorough, with the analysts afforded the necessary time to ensure a full and considered opinion for every fund under their review."
Morningstar operates a five-tier ratings system, with two 'positive' ratings - Elite and Superior - as well as Standard, Inferior, and Impaired. OBSR uses a three-tier 'positive' rating system with funds rated as AAA, AA, or A.
Morningstar's Elite ratings equate to OBSR's AAA-rated funds and Morningstar's Superior ratings equate to OBSR's AA- and A-rated funds.
Categories: Investment
Topics: Obsr | Morningstar
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