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RSMR launches investment trust ratings

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10 February 2015

Rayner Spencer Mills Research has expanded its services and has launched a new service covering investment trusts for advisers.

Leading fund research and ratings group RSMR has expanded its services and has launched a new service covering investment trusts. This will help advisers decide which investment trusts to consider when building a client portfolio complementing the current ratings for single strategy funds, SRI funds and multi asset fund ranges.

RSMR uses a range of criteria to look at the available trusts from both quantitative measures including gearing, liquidity and performance fees in addition to qualitative evaluation of the fund management team and the investment process overall. The new rating service has been developed in response to demand from advisers who need to demonstrate their independence by offering a full range of retail investment products.

A market insight guide has been developed which gives further detail on the investment trust market and the key areas that advisers should be considering. This guide can be used as structured CPD whilst also covering the full evaluation process that is applied by RSMR to each trust.

A separate list of rated trusts with supporting factsheets is available for advisers on a subscription basis and full details can be obtained upon application to RSMR.

Geoff Mills, Director of RSMR said: “Investment trusts have not been as popular with advisers as open-ended funds for a variety of reasons. Availability on the larger fund platforms has been an issue and the big three platforms have been woefully slow in responding to the needs of advisers. In addition they have been seen as more complex and advisers are looking for a source of research in this area.

‘We have seen increased demand for information and research so we felt we should help advisers and we have responded to these challenges by developing the new rating service to offer guidance and support to advisers and to help meet their requirements.

“Investment trusts can be viewed as a more difficult area to navigate and the RSMR seal of approval is an easy way to determine which investment trusts have passed our rigorous investment process.

‘Initially there will be list of 15 but this will grow steadily as our research team analyse further companies and meet with managers as part of our research process.’

Annabel Brodie-Smith, Communications Director at The Association of Investment Companies (AIC) said: “Since RDR we have seen increased adviser demand for investment companies, with the AIC training over 3,000 advisers and purchases through platforms more than doubling. However, it’s clear that advisers are looking for independent research on investment companies and we are pleased to see RSMR enter the market to help meet this need.”


RSMR provides specialist investment research services to the financial services industry, specifically:
  • RSMR Ratings:
    • Single strategy funds
    • Passive funds
    • Multimanager and Multi-Asset Ranges
    • SRI funds
    • Investment Trusts
  • Bespoke portfolios and asset allocation models to support Centralised Investment Propositions
  • Due Diligence to help with selection of funds, platforms and DFM’s
  • Product development & research for fund management groups and providers

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