The Old Broad Street Research (OBSR) research and consulting businesses have been rebranded and the previous rating system retired.
The businesses have been rebranded as Morningstar OBSR and the previous AAA, AA and A ratings system have been replaced by Morningstar’s five-tier scale of Gold, Silver, Bronze, Neutral and Negative.
Morningstar acquired OBSR in April 2010.
Richard Romer-Lee, managing director of Morningstar’s European investment consulting business, says: “Independence has always been a hallmark of both OBSR and Morningstar fund ratings.
“Under the new brand, the combined UK research team continues to base its fund ratings and reports on our analysts’ conviction of a fund’s ability to meet its objectives and outperform on a risk-adjusted basis, over the long term.”