S&P's approach to fund ratings is 100% qualitative, and involves in-depth interview based-research, analysis and the application of professional expertise to provide an understanding beyond the data alone.
Our qualitative approach means our ratings are forward looking. Past performance is no guarantee of future performance, although the track record of the investment manager is an important reference.
Underlying our analysis is a sectoral, or peer group approach. We believe that no investment decision is taken in isolation, and that the most informed decisions can only be made when comparing funds within specific asset classes.
S&P Fund Ratings are denoted by scale of one to five stars (with additional 'On Hold' and 'Sell' categories). A star rating is a forward-looking qualitative assessment of a manager's ability to generate consistently superior risk-adjusted fund returns, net of fees relative to relevant investment objectives and peers. For more information on star ratings and their definitions go to pages on definitions and criteria.
S&P provides a range of reports. Our Premium Rated Fund report contains our most comprehensive analysis, targeting the needs of research professionals, and the serious investor. Our dynamically generated one-page Rated Fund Reports are particularly useful for financial planners in preparing Statements of Advice for clients, and always contain the latest performance information. S&P fund reports are supplemented by sector reports providing summary analysis and statistical results on each of the peer reviews conducted through the year.
In Australia, Standard & Poor's rates more than 1,100 funds, and our coverage is growing. We are committed to providing a truly independent, and comprehensive ratings service that meets the needs of the Australian fund-management and financial-planning communities.
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