FE Crown Fund Ratings goes to five Crowns
Data provider FE is to adjust its Crown Fund Ratings, increasing its ratings scale from the current three Crowns to five to enable more differentiation between funds.
The change takes effect from the ratings rebalancing at the end of September.
Folllwing the change, the Crown ratings will be awarded on the following basis:
Five Crowns – top 10% of funds in each asset class
Four Crowns – the next 15%
Three Crowns – the second quartile
Two Crowns – the third quartile
One Crown – the fourth quartile
FE commercial director Matt Surfleet said: “These improvements will further empower advisers both to make informed investment decisions and to ensure that their client reporting becomes more insightful. At the same time, it will introduce greater clarity enabling investors to see at a glance how a fund is performing against its peer group.”