FE Trustnet's latest bi-annual Crown Ratings rebalance has seen some of the most popular top-scoring funds lose their five crown ratings, as they were hit by turbulent markets in the second half of 2015.
The ratings and research agency awards its top rating to 10% of all funds, and four crowns to the following 15%, based on alpha generation, volatility, and consistency of outperforming the benchmark over three years. Its new ratings also mark the inaugural use of clean share classes for rated funds. A total of 152 funds have lost more than two crowns in the rebalance and the popular IA UK All Companies sector has seen a large proportion of the changes, with 35 funds either losing or gaining more than two crowns. Some of the biggest names taking a hit include Chris Taylor's £537m Neptu...
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