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Standard & Poor’s Fund Services has withdrawn ratings from five BT Investment Management funds at the manager’s request.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"The five funds BTIM [has] withdrawn from the S&P ratings schedule have not been actively used in recent years by advisers/dealer groups who utilise S&P ratings.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.
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