A trio of abrdn funds have lost their 5-Crown rating in FE fundinfo’s latest Crowns rebalance.
The abrdn China A Share Equity fund and abrdn Sterling Money Market fund went from a 5-Crown rating to 3-Crown in the latest rebalance, and abrdn MyFolio Market V fund was downgraded to a 4-Crown rating. abrdn China A Share Equity was also the worst performing fund of 2023, according to data from Morningstar Direct, losing 29.3% last year. To qualify for the 5-Crown rating, funds must have a three-year history and be in the top 10% of "Crown scores", which are calculated in three parts, each referenced to a benchmark. Jefferies lifts AJ Bell valuation after assets hit record high ...
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