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Gloucestershire Business News

Gloucester investment firm receives four diamond Defaqto rating

Brockworth-based investment specialist Blackfinch has received the Defaqto four diamond rating for its Asset Management Adaptation Funds less than 12 months after their launch.

Individually labelled Blackfinch VT, the multi-asset funds were set up in July 2020 to meet demand from a growing number of financial advisers who are seeking optimal outsourced investment solutions in order to cater to clients' ethical investment concerns. This included increased demand for Environmental, Social and Governance (ESG) propositions.

Richard Cook, founder and CEO of Blackfinch Group, welcomed the recognition which he said 'further cements' the company's commitment to helping clients and advisers reach their personal finance and business goals.

He said: "We're delighted that the Blackfinch Asset Management Adaptation Funds have received a four-diamond rating given by Defaqto, given the fund families' infancy."

Defaqto rates families of funds to give advisers an insight as to whether the intended gradations of risk and return have been delivered and combines a quantitative assessment of both performance and numerous other data points.

The process sees 60 experts independently collect and assess details of around 41,000 financial products, funds and fund families over the course of a year, of which more than5,000 are Diamond rated funds.

Mr Cook added: "Such recognition is not only confirmation that it offers a good proposition relative to the peer group across charges, performance, risk shape and other features; it is also testament to our approach of offering straightforward, clear and transparent investment opportunities that are targeted and streamlined in terms of their ratings, structure, reporting and availability."

Pan Andreas, head of Insight and Consulting (Funds & DFM) at Defaqto said: "Defaqto diamond ratings are an unbiased assessment of the quality and performance of a fund, fund range or model portfolio (MPS).

"Blackfinch's four diamond rating for its Asset Management Adaption Funds indicates the high quality of its proposition."

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