Premier Miton, Fidelity and GAM led the way in FE Crown Ratings' July rebalancing, which saw 213 funds gaining a 5-Crown rating and 44 funds falling from a 5 to a 1-Crown score.
The latest rebalance gave 5-Crown ratings to 12 of Premier Miton's 36 funds. Ten of Fidelity's 87 funds also gained the top rating, followed by GAM with eight out of 35 funds. In total, 260 funds changed their rating by 3 or 4 Crowns in July, compared to 35 funds in January's rebalance, reflecting recent market turbulence. Even the most experienced fund managers have struggled to maintain consistency across recent market movements, FE Investments said. A number of funds lost their 5-Crown rating amid market turbulence and poor performance. Overall, 44 funds fell from a 5- to a 1-Cro...
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