5th October 2015
FundCalibre's Elite Ratings added to the Cofunds Platform
FundCalibre's Elite Ratings have now been added to the Cofunds platform.
Darius McDermott, managing director of FundCalibre, commented: “What started off as a D2C service is fast becoming of more interest to advisers too. The numbers using the site has grown 65% over the past four months alone. Our aim in the next 12 months is to build on this momentum and make FundCalibre the go-to research portal for fund investors. Having our Elite Ratings on the Cofunds platform is the first step in that direction.
“Since FundCalibre launched in July 2014, it has gone from strength to strength. We have had more than 25,000 unique visitors to the website, growing from an average of 1,000 visits per month from a standing start, to an average of 4,000 monthly over the past five months. Of these visitors, around 80% are private investors and 20% professional investors/advisers.
“Many financial advisers and intermediaries do not have the time or resources to carry out detailed fund research. FundCalibre's Elite Ratings can help them with their due diligence process and give them peace of mind that they are choosing the right funds for their clients. The research is truly independent and the AlphaQuest quant screen, which goes beyond normal past performance analysis and allows us to first strip away the impact of market movements to identify and quantify the manager skills, before identifying those who have more than a 60% probability of repeating that skill over the next 12 months, has been independently verified by an actuary.
“We are currently in discussions with other platforms which have expressed an interest in adding the Elite Rating for their users and hope to add more in due course.”
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