Insights

Rating Removal: Legg Mason Brandywine Global Fixed Income Absolute Return

We have taken the decision to remove the rating from the Legg Mason Brandywine Global Fixed Income Absolute Return fund.

After a period of disappointing performance the management team has altered the portfolio construction of the fund in an attempt to deliver a more defensive return profile to investors. We are very aware that this is a new approach and therefore we would want to see the new process bed in before re-assessing the merits of the fund in the years ahead.

Our AA rating on the Legg Mason Brandywine Global Fixed Income fund remains unchanged.

Continue reading »

Job Opportunity: Team Assistant

We're expanding the distribution team at Square Mile! An exciting new opportunity for a Team Assistant to join a small and dynamic business based in the City of London - and we're looking for an equally dynamic person to join our journey.

The Square Mile team has a strong work ethic and puts the client's needs at the forefront of everything we do. We are looking for a like-minded individual to join our team to provide support to the distribution team in the provision of service to existing clients and the development of new business opportunities.

Continue reading »

Franklin Templeton’s acquisition of Legg Mason

It has been announced that Franklin Templeton is seeking to acquire Legg Mason. If the proposed acquisition goes ahead as planned, the Legg Mason business will fully be integrated into the Franklin Templeton group during the third quarter of this year. For the time being, we have decided not to change the ratings of the three Legg Mason funds within our Academy of Funds, as for now we do not believe that there will be any changes to the way in which they are managed. We do not currently rate any Franklin Templeton strategies.

Continue reading »

Jupiter's acquisition of MGI

It has been announced that Jupiter Fund Management is seeking to acquire Merian Global Investors. If the proposed acquisition goes ahead as planned, the Merian business will be fully integrated into the Jupiter group at some point in the second half of this year. For the time being, we have decided not to change the ratings of either the Merian or the Jupiter funds within our Academy of Funds, as for now we do not believe that there will be any changes to way in which they are managed.

Continue reading »

Vanguard LifeStrategy Range Awarded a Recommended Rating

Square Mile is pleased to announce the addition of the five Vanguard LifeStrategy funds into its Academy of Funds. With all five funds being awarded a Recommended rating.


Each fund has a varying long term static allocation to global equites and bonds and provides investors with a diversified exposure to markets at a low cost. Square Mile believe that Vanguard have the quality and breadth of funds to manage these funds however we would make investors aware that the static asset allocation and use of passive funds mean the fund managers will not seek to change the funds exposure during periods of market stress.

Rating suspensions for Oyster Continental European Selection and Oyster European Selection funds

Following a period of underperformance, the Oyster Continental European Selection and Oyster European Selection funds have experienced sizeable redemptions, with assets falling to c.£10m and c.£33m, respectively. Consequently, we have decided to suspend our ratings on both strategies.

We are meeting with the manager of the funds in the coming weeks to discuss the firm's future plans.

Ratings change for JPM Europe Dynamic ex UK fund

We have downgraded our rating of the JPM Europe Dynamic ex UK fund, from AA to A.

This fund benefits from a well-resourced, experienced and stable team of managers that have consistently adhered to an approach which takes significant input from quantitative analysis. Having recently reviewed the fund's performance aspirations, we believe the level of outperformance that the managers are seeking to deliver is challenging, particularly within the context of the approach. Whilst we continue to hold the fund's managers in high regard, we believe an A rating is more reflective of our conviction.

Continue reading »

Ratings change for Lazard Emerging Markets fund

We have downgraded our rating for the Lazard Emerging Markets fund, from AA to A. Whilst we continue to have a high regard for the manager and his relative value investment approach, which he has applied consistently over his lengthy tenure and through different market conditions, we believe the performance objective which he seeks to achieve over the cycle is a challenging one. We therefore believe an A rating is more reflective of our conviction in his ability to meet his objective over the longer term.

Talking With: Hanneke Smits

Talking ESG integration, being Non-Exec at the Bank of England and giving something back with Hanneke Smits, Chief Executive, Newton Investment Management and Richard Romer-Lee, Square Mile. 

Continue reading »

TB Amati UK Smaller Companies fund Awarded an A Rating

Square Mile is delighted to announce the addition of the TB Amati UK Smaller Companies fund into its Academy of Funds, with an A rating.

Having worked closely with the firm for a number of years, we feel this is a compelling proposition within the UK smaller companies space. We consider the portfolio managers excellent stewards of capital and investors who are highly attuned to the needs of their clients.

Continue reading »

Pages: Previous1234567...45NextReturn Top

Archive