A mutual fund managed by Bermuda Investment Advisory Sevices has been awarded top marks from a prominent rating company.

The company's Global Equities Fund, issued by Cayman-based affiliate BIAS Global Portfolios SPC, received a five-star rating from Morningstar Inc., which provides performance analysis on 28,000 funds and stocks.

The fund, one of three launched by BIAS in 2006, is among only ten percent of its global peers to receive the top rating.

"We were thrilled to receive such high ratings from an independent third party like Morningstar," BIAS Global Portfolios director Mark Melvin said yesterday.

"I am very proud of the job our portfolio management team has done for our clients."