Fidelity Strategic Bond fund awarded Superior rating

Morningstar has awarded a Superior rating to the Fidelity Strategic Bond fund. Morningstar fund analyst Alex Prineas comments: "Fidelity Strategic Bond is run by the highly experienced Ian Spreadbury. Having built up Fidelity International's bond team in the 1990s, Spreadbury knows how to get the best from the large analyst team. This is Spreadbury's most unconstrained fund and thus it comes with risk, but we like its diversification and the manager's risk-conscious approach. It earns our Superior rating."

Also receiving a Superior rating are the Cazenove Multi-Manager UK Growth fund and the Thames River Equity Managed fund.

The only fund to receive an Elite rating in this week's New Ratings is the off-shore First State China Growth Fund.  Morningstar fund analyst Jessie Yung comments: "Investors looking for dedicated China exposure will struggle to find a better option than First State China Growth. Portfolio manager Martin Lau and a seasoned team adopt a disciplined process whose returns are hard to fault; more importantly this has been done with lower volatility than their peers. The fund is truly worthy of its Elite rating."