Threadneedle 'has highest quota of top-rated funds'

Invesco Perpetual launch three new balanced funds

Invesco Perpetual have launched three new balanced funds focusing on equities, bonds and commodities that are designed to balance risk in different economic scenarios.
Derbyshire Dales has highest cash ISA balance

Customers in the Derbyshire Dales have the highest cash ISA balance of £10,478 - 34 per cent above the UK average of £7,836.

Wednesday, 21 July 2010 12:00

Asset manager Threadneedle has been ranked top among its UK peers with the highest quota of top-rated funds in 2010.

This is according to this year's Feri EuroRating Awards.

The standings are based on performance and risk criteria and funds are only eligible if they have a five-year track record of management by one fund manager.

It was revealed 67 per cent of their eligible funds had ratings of A or B, while 77 per cent of their equity funds achieved the same.

Head of distribution at the organisation Campbell Fleming noted: "At Threadneedle we pool our expertise across all desks, creating a multi-lateral approach to investment opportunities."

Twitter: My Finances