Press Release

Moneyspider.com

PRESS RELEASE

FOR IMMEDIATE DISTRIBUTION

24 September 2007

FUND MANAGER'S BI-ANNUAL STATEMENTS DUE SHORTLY- BUT INVESTORS WILL BE NONE THE WISER, WARNS MONEYSPIDER.COM

BI-ANNUAL statements are due to go out to millions of unit trust, ISA and PEP investors next month - but the typical fund holder will be none the wiser as to how their investments are really performing, warns online investment funds analyst Moneyspider.com.

The majority of investment houses post out details on their funds a couple of times a year, usually in April and October.

But the fund manager's statement typically tells the investor only how his fund has performed and what it is worth.

 It is what it leaves out that would enable investors to make a genuinely informed decision.

"Surely investors deserve to know whether their fund is a winner or a loser when compared with other funds in the same sector, and indeed in other sectors," argues Moneyspider.com's Tony Ahearne.

"But, unless a fund is doing especially well - and many are not in the current downturn - it will probably suit the fund management company for its investors to be none the wiser," adds Ahearne.

"Even some of the best-known fund management companies often have funds that are performing abysmally. But they won't tell you which they are, even if your money is invested in them.

"This could be costing you hundreds, if not thousands of pounds. Conversely some of the small, little known boutique fund managers are producing consistently stellar performance.

"Fund managers are under no obligation to issue anything but the most basic information to investors to satisfy FSA requirements, "says Ahearne.

"Less sophisticated investors - who are effectively the majority - would benefit enormously from an 'at a glance' service telling them how their fund has performed compared with all the other funds they might have invested in and crucially how their fund is rated.

"A fund manager's report may brag that their fund is in the top quartile or even decile which sounds impressive, but it is scant consolation if the investor has lost money," points out Ahearne.

"Moneyspider.com monitors all its clients' funds every day and analyses their performance against every other fund on the market. (see Editor's Notes)

"This means that at any time investors will know exactly what their funds are worth, how they are rated and how they compare with other funds.

"Moneyspider.com compares the performance of all 2,000 or so IMA listed funds and provides a unique rating for each one. For PEP, ISA and Unit Trust investors this is an invaluable service and could make the difference between making substantial profits by being in the right funds or losing money by staying in those funds which consistently fail to deliver," adds Ahearne.

"In essence Moneyspider.com tells investors what their fund manager can't such as how the fund they are invested in compares with other funds from other fund managers.

At the core of Moneyspider.com's service is an easy to follow ratings system which indicates how the investor's funds are performing. The unique Moneyspider Rating® System (see Editor's Notes) ranks every fund from A (very high rating) to E (distinctly poor).

"Any investor with a portfolio of D and E rated funds has a problem of which he or she is probably completely unaware. Where money is concerned ignorance is certainly not bliss - rather it is potentially disastrous," says Ahearne.

"In addition to rating each fund our personalised reports also show the current value of a portfolio and give details on the performance of a client's funds compared to others in the same sector and in other sectors. Updated daily, it is an invaluable tool, making the difference between ignorance and enlightenment."

- Ends-

Editor's notes

Moneyspider was launched in April 2004 and is a totally independent investment research and information company for private investors. Moneyspider constantly monitors all 2,000 or so funds available to UK investors and provides online personal reports that are updated on a daily basis showing current valuation and performance of all funds in one place.

The Moneyspider Rating® provides a unique assessment of the performance of each fund measured against four key parameters:

• Sector ranking: a comparison with all other funds in the same sector as your fund (based on the sector definitions used by the Investment Management Association).
  
• All funds ranking: a comparison with all other 2000 or so Unit Trusts and Open Ended Investment Company funds available to UK investors.
  
• FTSE 100: a comparison of the total return of the fund with the total return of the FTSE 100 index (comprising the UK's 100 largest companies), providing a consistent benchmark for each fund.
  
• Cash: a comparison of the fund's performance with the return from an equivalent amount deposited in a 90 day non-high interest access account.

Moneyspider is an appointed representative of Anthony, Bryant & Company (Investment Consultants) Limited of 25 Eccleston Square, London SW1V 1NS, which is authorised and regulated by the Financial Services Authority. The contents of this press release are not intended, and should not be construed as, advice, a recommendation or as an inducement to buy or sell any investment. Moneyspider relies on information regarding investments that is provided by third parties and accepts no liability (including that arising from negligence) for the accuracy of such information.