Standard & Poor’s (S&P) has upgraded the Aberdeen World Growth and Income fund to AA as it aligns the ratings of the asset manager’s global range.
The £127.9m fund is run with the same approach as the AA-rated Aberdeen World Equity fund and managed by the 14-strong global equities team, which is headed by Stephen Docherty and includes Bruce Stout, Andrew McMenigall and Stewart Methven.
This means stock commonality is high and performance patterns similar across the funds managed by the team. Returns on the Aberdeen World Growth and Income fund are “very similar” to those of the World Equity fund, which is top quartile in its S&P peer group on a five-year basis.
“The similarities of process and approach across the Aberdeen global range lead us to align the ratings, resulting in this fund’s upgrade to S&P AA-rated status,” the agency says.
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