Defaqto has expanded its Diamond Rating system to include index tracker funds, incorporating Exchange Traded Funds and Open Ended Funds.
The Star Ratings system has been also been opened up to incoporate managed portfolio services on a platform, life assurance, and protection menu plans. Defaqto head of insight and consulting for funds Frank Potaczek said: "Defaqto launched the Diamond Ratings last year to add to the well-established Star Ratings. Diamond Ratings provide an independent assessment of both individual funds and fund families, making them unique in the ratings world. "We believe that by choosing particular fund families rather than matching funds from many different providers, advisers are able to offer th...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
