S&P downgrades South Asia funds

By Kira Nickerson Credit Suisse Orient and Invesco Asian Enterprise are among the South East Asian funds that have been downgraded by Standard & Poor's Fund Research. In its recent market report, the research group has moved Credit Suisse Orient from frA to a non-rated status due to its below average performance. Linda-Jane Coffin, head of the Asian Pacific team at Standard & Poor's, said: "The manager and team have been in place for more than a year now, following the group's decision to run the assets from its US operation. "Over this period, relative performance has exhibited a decl...