S&P upgrades managed funds

Three Active Managed portfolios were upgraded by Standard & Poor's in its annual review of the manag...

Three Active Managed portfolios were upgraded by Standard & Poor’s in its annual review of the managed funds sector, which includes fund of funds. The Aviva Multimanager Sterling Equity Growth fund moved from AA status to AAA(new), F&C’s Multi Manager Growth fund moved from newly covered to a single A rating while M&G’s fettered fund of funds rose from A to AA. According to S&P, the M&G portfolio has benefited since the appointment of David Jane as head of equities in 2002, which has lead to improvements across the range. The group also noted its respect for manager Graham French’s ability ...