OBSR removes and downgrades funds as managers struggle

OBSR has removed and downgraded a number of high profile funds from its ratings service. F&C UK Opp...

OBSR has removed and downgraded a number of high profile funds from its ratings service. F&C UK Opportunities and JP Morgan Premier Equity Growth have each been removed having previously held an 'A' rating, while Old Mutual Corporate Bond and Rathbone Income have been downgraded to a 'AA' rating. Martin Currie Japan also saw a downgrade from a 'AA' to 'A' rating due to disappointing performance over the past few years. The agency says the JP Morgan vehicle was removed as, while the recent environment has been challenging for the behavioural finance approach, the constraints and risk con...