Forsyth devises own rating for bond sectors

Forsyth OBSR has developed its own classification for fixed interest funds in a bid to deliver bette...

Forsyth OBSR has developed its own classification for fixed interest funds in a bid to deliver better clarity to advisers. It has also further categorised funds according to individual fund managers' investment styles. Dean Cheeseman, head of UK investments at Forsyth OBSR, said the ratings agency has amalgamated the various IMA fixed interest sectors of Global Bonds, UK Gilt, UK Corporate Bond, and UK Other Bond. These have then been subdivided into seven peer groups, according to their underlying investments. The seven categories range from a sovereign bond category down to a sub...