The Scottish Widows Investment Partnership (SWIP) has received an AA rating from Standard and Poor's (S&P) for one of its accounts.
SWIP's Pan-European Smaller Companies investment fund was given the rating on its consistent above average returns compared to similar products.
Rory Hammerson, investment director and lead manager of the fund, said: "Being awarded an AA rating by S&P is testament to both the European equities team at SWIP and our in house fundamental research based investment process."
The firm targets its investments at stocks whose long term earning power is not reflected by their current share price, he added.
The fact that the rating from S&P has come during such a volatile time is particularly rewarding, Mr Hammerson stated.
Yesterday, research by Lloyds TSB Wealth Management found that more than a quarter of people are planning on giving a stock market investment as a gift this year.
Half of those asked said such a move would be good value for money.
SWIP investment fund given AA rating
SWIP investment fund given AA rating
Thu, 18 Dec 2008
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