S&P grades UK growth

funds have been given aaa ratings, six of them onshore, following S&P review of the sector

Standard & Poor's has upgraded 14 UK funds and downgraded five in its review of the UK Growth sector, its first analysis conducted on a fully qualitative basis. The agency has also awarded eight new ratings, removed ratings from six funds over management concerns and reinstated two previously suspended ratings. Edward Bonham Carter's Jupiter Undervalued Assets portfolio was one of those upgraded, making it the seventh in the sector to feature S&P's top AAA rating. Of the funds reviewed by S&P in its UK Growth sector, which comprises UK All Companies and UK Smaller Companies funds, 42 a...