BT withdraws funds from S&P ratings
Standard & Poor’s Fund Services has withdrawn ratings from five BT Investment Management funds at the manager’s request.
The withdrawal relates to two regional equities headline funds and three multi sector funds.
The regional funds are BT’s Wholesale Japanese Share Fund, previously rated four stars, and the Wholesale European Share Fund, previously rated three stars.
The multi sector funds are the Wholesale — Tax Effective Income Fund, previously rated four stars, and the Wholesale — Conservative Outlook Fund and Sustainable Conservative Fund, both previously rated three stars.
"The five funds BTIM [has] withdrawn from the S&P ratings schedule have not been actively used in recent years by advisers/dealer groups who utilise S&P ratings. S&P will still be rating 23 BTIM funds over the 2010-11 fund review period," said BTIM head of sales and marketing Martin Franc.
AUTHOR
Chris Kennedy
Recommended for you
Wealth Data has revealed the top five licensees for financial adviser growth over the September quarter, with more than 150 advisers joining in Q3 overall.
Former Sydney financial adviser, David Valvo, has pled guilty in court to a charge of dishonest conduct.
Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.
AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.
