Evenlode Global Equity among seven funds to gain Elite Ratings from FundCalibre
Allianz UK Listed Opportunities, JPM Climate Change Solutions, R&M Global Sustainable Opportunities gained an Elite Radar badge
The funds awarded an Elite Rating are Fidelity European, FFSA Asia Focus, Invesco Global Emerging Markets, Liontrust European Dynamic, Orbis Global Balanced, Premier Miton Strategic Monthly Income Bond and TB Evenlode Global Equity.
Meanwhile, the Allianz UK Listed Opportunities, JPM Climate Change Solutions, R&M Global Sustainable Opportunities gained an Elite Radar badge for funds that are potential candidates for a full Elite Rating in the future.
Juliet Schooling Latter, research director at FundCalibre, said the £4.1bn Fidelity European fund,, managed by Sam Morse and Marcel Stotzel, is a core European equity fund with a «disciplined and cautious» long-term focus.
Six funds gain 'Elite' FundCalibre rating
The fund has outperformed the IA Europe excluding UK sector over a one-, three- and five-year period, according to data from FE fundinfo. In the last three years, the strategy is up 31.4%.
FFSA Asia Focus, the £874.8m strategy managed by First Sentier Investors, is a high conviction fund that invests in Asian firms demonstrating sustainable and predictable growth.
According to Schooling Latter, its managers Martin Lau and Richard Jones are «highly experienced», and the fund has historically delivered better returns than the index and its peers with less risk.
According to data from FE fundinfo, the fund has outperformed the IA Asia Pacific Excluding Japan sector over three and five years, but has fallen more than the sector in the last year.
The £275m Invesco Global Emerging Markets fund was highlighted as having a «tight focus» on valuation and contrarianism. Schooling Latter
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