 |
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| NEWS
RELEASE |
8 March
2007 |
FIDELITY
STAGES SPECTACULAR FALL FROM GRACE
WHILST
SMALL REMAINS BEAUTIFUL
Latest research
from Moneyspider.com shows investors should be wary of being sucked in by big
brand fund management group
promotions when
deciding where to invest this year's ISA allowance
Spring time
means ISA season time as fund management groups flex their marketing muscles,
delivering thousands of flyers, emails and advertisements to investors' inboxes
and mailboxes.It is this flurry of
activity that has prompted independent online fund ratings provider
Moneyspider.com to warn investors to be wary of being "sucked in" by the big
brand fund management groups.
Moneyspider.com
ranked all fund management groups against each other, taking into account the
percentage of Moneyspider 'A' and 'B' rated funds* in their respective
stables.Hot new research from Moneyspider.com,
over the last year, shows two of the
biggest and most trusted brands in the world of investment and banking - Fidelity
and Halifax - to have been the
worst performing fund groups (see
over for table).
Despite strong
performances from a number of Moneyspider 'A' rated Fidelity funds - amongst
them 'Fidelity Special Situations', 'Fidelity Emerging Markets' and 'Fidelity
European Opportunities' - Fidelity, undisputed as the World's leading fund management group, fell an incredible
32 places over the year to rank 41st of the 54 fund management groups
analysed.
Of the High
Street banks - HSBC, Abbey National, Halifax and NatWest - ranked lower
still.Collectively, these four groups
manage more than £30 billion on behalf of UK investors, but just one third of
their funds are worthy of a Moneyspider.com 'A' or 'B'
rating.
Halifax was the
biggest faller over the course of the year, crashing 38 places to rank 52.These shocking
statistics underline the dangers of 'investing in the
brand'.
The boutique
fund management groups continued to flourish at the top of the tables over the
year, with First State, Rathbone and Neptune taking 1st,
2nd and 4th spots respectively.
cont../2
December
2005
|
|
December
2006
|
|
No
of
A
& B
Funds
|
Total
No
of
Funds
|
%
A
or B
Funds
|
Rank
Dec'
2005
|
Fund
Management Group
|
No
of
A
& B
Funds
|
Total
No
of
Funds
|
%
A
or B
Funds
|
Rank
Dec'
2006
|
Year on
Year
Change
|
|
8
|
11
|
72.72
|
2
|
First
State
|
10
|
11
|
90.90
|
1
|
Up
1
|
|
12
|
14
|
85.71
|
1
|
Rathbone
|
12
|
14
|
85.71
|
2
|
Down
1
|
|
|
|
|
|
St
James's Place
|
9
|
11
|
81.81
|
3
|
N/A
|
|
10
|
15
|
66.67
|
5
=
|
Neptune
|
11
|
14
|
78.57
|
4
=
|
Up
1
|
|
|
|
|
|
Artemis
|
11
|
14
|
78.57
|
4
=
|
N/A
|
|
17
|
29
|
58.62
|
13
|
Jupiter
|
22
|
29
|
75.86
|
6
|
Up
7
|
|
|
|
|
|
Lazard
|
8
|
11
|
72.72
|
7
|
N/A
|
|
7
|
14
|
50.00
|
20
=
|
New
Street
|
10
|
14
|
71.43
|
8
|
Up
12
|
|
29
|
45
|
64.44
|
7
|
Invesco
Perpetual
|
27
|
38
|
69.44
|
9
|
Down
2
|
|
12
|
17
|
70.59
|
4
|
Marlborough
|
13
|
20
|
65.00
|
10
|
Down
6
|
|
22
|
31
|
70.96
|
3
|
JP
Morgan
|
20
|
31
|
64.51
|
11
|
Down
8
|
|
|
|
|
|
Margetts
|
7
|
11
|
63.63
|
12
|
N/A
|
|
5
|
17
|
29.41
|
41
=
|
Cazenove
|
11
|
18
|
61.11
|
13
|
Up
28
|
|
23
|
36
|
63.89
|
8
|
New
Star
|
22
|
37
|
59.46
|
14
|
Down
6
|
|
24
|
47
|
51.06
|
19
|
Newton
|
27
|
46
|
58.70
|
15
|
Up
4
|
|
11
|
31
|
35.48
|
35
|
Aberdeen
|
14
|
25
|
56.00
|
16
|
Up
19
|
|
28
|
46
|
60.87
|
10
|
Schroder
|
28
|
51
|
54.90
|
17
|
Down
7
|
|
12
|
23
|
52.17
|
18
|
Old
Mutual
|
| 