Morningstar and OBSR have harmonised ratings for 32 funds where there was a discrepancy between the two agencies.

The FTSE 100 opened positively in a week set to be dominated by a slew of US economic and political news.

Premier's new Environmental Power & Water fund is likely to launch with an overweight to Asia. The new fund, which is a conversion of the existing 20m UK Smaller Companies portfolio, launches on 1 November.

Alliance Trust has placed new managers on its Asia Pacific Equity and Japan Equity funds in a bid to boost performance.

An oil and gas overweight has been the biggest driver of outperformance for the £99m J.P. Morgan Smaller Companies investment trust over the past year.

F&C's Paul Carne has taken an overweight equity position across his four-strong Lifestyle range.

Marlborough has reorganised the management of its £68m Far East Growth fund in a bid to improve performance.

SECTOR ANALYSIS

The US economy grew at a 2% annual rate in the third quarter, faster than in the previous three months.

F&C's Paul Carne has taken an overweight equity position across his four-strong Lifestyle range.