Fund rating agency RSMR has announced new fund ratings for 24 funds, which it said are a mixture of active and passive funds and two multi-asset fund ranges.

The new additions come on top of 11 new fund ratings announced by the firm last month.

In March the focus for new RSMR ratings was equity funds while the new April ratings feature a number of fixed income funds, the firm said.

Stuart Ryan, head of research at RSMR said: “In recent years, we have actually been suspending or removing RSMR fund ratings at a far higher rate than the new ratings that we have awarded.

"There have been a number of factors behind this, including the particularly challenging conditions faced by some funds and fund providers."

He said it was pleasing that there continue to be talented fund managers and high-quality funds available in a wide range of areas.

He added: "What is more, as fund providers adapt to the changing needs of investors and advisers, our research process can help point us in the right direction and contribute to good investment outcomes for our clients.”

The 24 new April RSMR ratings are:

Active Funds

BlueBay Emerging Market Unconstrained Bond       

Lord Abbett Global High Yield

Man Sterling Corporate Bond            

Orbis Global Balanced

PGIM Global High Yield Bond

PIMCO GIS Emerging Local Bond

Royal London Index Linked

Royal London UK Government Bond

Schroder Strategic Bond

UBS UK Equity Income

Vanguard Emerging Markets Bond

Passive Funds

L&G Global Infrastructure Index       

L&G S&P 500 US Equally Weighted Index

Rated Fund Ranges

CT Sustainable Universal MAP Range (5 funds)

Royal London GMAP Range (6 funds)

The new RSMR ratings in March included equity funds from Aberdeen, Artemis, Goldman Sachs, Nomura and T Rowe Price.

RSMR was set up in 2004, launching its ‘R’ ratings to advisers and their clients through advice technology, platforms, provider channels and directly from the RSMR portal.

RSMR was acquired by Defaqto, owned by Fintel, for an undisclosed amount last July.

Defaqto said at the time it would continue to invest in Yorkshire-based RSMR as a part of its strategy to build out a comprehensive research and ratings platform, covering all retail financial services products.