Cornhill’s WSF Global Equity Fund (formerly the WSF Reliance Global Shariah Growth Fund) has been given international fund ratings agency Morningstar’s top rating for the first time.

The fund was awarded a five star rating by the agency in its fund ratings after its performance (I Class) put it in the top 10% of its peers in Morningstar’s Islamic Global Equity category.

It is the first rating for the fund after it was opened three years ago.

The Fund last month changed its name to the WSF Global Equity Fund and a new investment advisor - Cogent Asset Management Ltd – was appointed to the fund.

The company is run by the same team which formerly managed the portfolio for the WSF Reliance Global Shariah Growth Fund.