The research house upgraded five funds - HFA International Shares, JANA Triplepoint Fund Wholesale, Select Alternatives Portfolio, Certitude Asian Opportunities and PM Capital Enhanced Yield (including the BT Financial Group badged version of the fund) - from three to four stars.
S&P withdrew the ratings on the previously four-star-rated BlackRock Global Allocation Australia Fund (class S units) at the request of the manager.
"In this review, we upgraded five funds to four stars from three stars due to product advantages, risk-management improvements, and/or extended track records that have led to our higher conviction in these offerings relative to peer funds," S&P analyst Michael Armitage said.
"We did not downgrade any funds as part of the review."
