The Elite rating is attributed to funds with “highly skilled” managers through a four-step screening process, while the Elite Radar badge covers funds that are potential candidates for an Elite rating.
The Elite rating is attributed to funds with «highly skilled» managers and involves a four-step screening process. No more than 10% of funds in any sector are given the top rating. Meanwhile, the Elite Radar badge covers funds that are potential candidates for the higher rating.
In this edition, the Aegon High Yield Bond; Ashoka India Equity investment trust; BlueBay Emerging Market Unconstrained Bond; Comgest Growth America; Fidelity Asian Smaller Companies; Martin Currie Global Portfolio trust and Ninety One Diversified Income were all awarded an Elite Rating.
The £1.8m Aegon High Yield Bond fund was commended for its «high conviction» and «flexible» approach by the firm's research director Juliet Schooling Latter.
Carmignac EM fund gains sole FundCalibre Elite Rating in autumn review
It has outperformed the IA Sterling High Yield sector over a one-, three- and five-year period, according to data from FE fundinfo, generating 9.4% total returns in the last three years.
Schooling Latter highlighted the £323.1m Ashoka India Equity investment trust has been the best performer in the IA India/Indian Subcontinent sector since its 2018 launch.
The trust's share price is up 71% in the past three years, while its net asset value has grown 72.8%. In comparison, the sector's average share price was up 33%, while its NAV was 35.7% over the same period, according to data from the Association of Investment Companies.
The strategy's stock selection, approach to ESG and unique fee structure were all recognised as strengths by
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