01 Jul 2025
RSMR fund ratings are more than just a badge of quality — they represent trust, due diligence, and a reputation built on rigorous research and expert analysis. Every month we study the universe of funds in the investment marketplace to assess whether they meet our exacting standards and should be given the RSMR seal of approval.
Here are the new rated funds from our June review:
The Fidelity China Focus fund was launched in August 2003, and the current Lead Portfolio Manager assumed responsibility in September 2022, at which time the fund adopted a quality value approach. The fund is Luxembourg domiciled, and USD based, although there is a GBP share class available. It has a co-portfolio manager structure, with the lead manager based in Singapore, and the co-portfolio manager in Hong Kong.
The fund is bottom up in construct with a distinct value bias based on the investment philosophy created by the manager. The manager is not afraid to have conviction and express his views, which can lead to a portfolio that is differentiated from peers within the sector in terms of composition and style.
Click here to read the factsheet for the Fidelity China Focus Fund (Offshore)
The M&G Positive Impact fund is a high conviction (30 to 40 stocks) low turnover strategy that seeks to achieve two objectives. Firstly, to outperform the benchmark (MSCI AC World Index) over any five-year period. Secondly, to invest in companies that make a positive impact within six identified impact outcomes.
Benefiting from the experience of the lead fund manager, as well as having an impact lead (both of whom are part of the broader Positive Impact & Sustain Research Team at M&G), the fund provides a compelling option for investors seeking global equity exposure while owning companies that make positive impact within six identified impact outcomes.
Click here to read the factsheet for the M&G Positive Impact Fund (Responsible)
The managers of the Invesco European Smaller Companies fund seek to add value for investors by identifying durable companies that have been overlooked by the rest of the market, and have a favourable risk/reward profile. The fund is structured to emphasise the bottom-up stock picking ability of the managers and performance has been excellent relative to peers in recent years. It is a strong option to diversify equity exposure away from the typical large-cap household names.
Click here to read the factsheet for the Invesco European Smaller Companies Fund
After reaching our minimum fund size requirements, the Capital Group UK New Perspective fund was awarded an RSMR rating in June. This fund is the onshore vehicle of the rated Capital Group New Perspective fund following the same philosophy and investment process.
Click here to read the factsheet for the Capital Group UK New Perspective Fund
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The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.