FINANCIAL TIMES GROUP LAUNCHES FUND RATINGS SERVICE FOR INVESTORS

London, January 21 2002: The Financial Times Group today launched FT Fund Ratings, a new service designed to help investors compare and understand
more about funds.

FT Fund Ratings is a major advance in the information available to private
investors. It offers incisive information about fund risks, clear assessment of fund charges and improved comparison of fund performance. The monthly updated service provides consistent information on 25,000 funds from across Europe, allowing direct comparison of funds from different markets.

A summary of the FT Fund Ratings for the main UK and offshore funds including those in ISAs, PEPs and pensions will be published in the Financial Times from February. A full analysis of funds is being supplied by the FT to Fund Managers, IFAs and Fund Supermarkets for publication and internal analysis.

Stephen Hill, chief executive of the Financial Times Group commented:

"With the growing number of funds available, and the current turbulence in
global stock markets, FT Fund Ratings will provide an easy to use guide to
risk, charges and performance. FT Fund Ratings builds on our global reputation for impartial financial information by offering analysis from a source that is trusted by investors and professionals alike."

"This unique ratings approach from the FT Group will be the only fund analysis service to focus on three key criteria for investors in one system, examining the ISA, pension and PEP markets in a thorough yet easily comprehensible format."

FT Fund Ratings allows investors to identify the risks associated with funds and provides a transparent guide to fund charges, giving the individual investor a better understanding of their fund portfolio.

Christine Farnish, Consumer Relations Director at the Financial Services
Authority's (FSA) commented:

"The FSA actively encourages initiatives that seek to enhance the transparency and accessibility of financial products. We therefore welcome this initiative and shall watch developments with the greatest of interest."

FT Fund Ratings have been produced in conjunction with Fitzrovia International, Advanced Portfolio Technologies and FT Interactive Data.

For further information, please contact:

Joanna Manning-Cooper on +44 (0) 20 7873 4447
Anoushka Healy +44 (0) 20 7873 3720
Simon Horne on + 44 (0) 20 7853 2293

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development