Rating Release
Agusto & Co. hereby upgrades rating assigned to FSDH Asset Management Limited to A-(IM)
The rating expires on 28 August 2026.
Agusto & Co. hereby upgrades the rating assigned to FSDH Asset Management Limited (“FSDH AML” or “the Manager”) to “A-(IM)’. The rating is supported by the deployment of a dedicated risk officer to enhance surveillance, the upgrade of FSDH AML’s portfolio management software to automate pre-trade checks, and improved adherence to internal guidelines, which resulted in fewer breaches during the review period. The rating also reflects the Manager’s membership of an established financial services group, good governance structure and well-composed and experienced decision-making committees. We have also taken into consideration the increasing adoption of technology in the Manager’s operations. However, the rating is constrained by FSDH AML’s limited internal research capabilities and the underperformance of three out of the Manager’s five collective investment schemes.
