Square Mile Investment Consulting & Research has added the M&G Episode Income fund to its Academy of Funds, awarding it an A-rating.

The Academy of Funds is a dedicated section within Square Mile's website, where advisers can access analysis on all recommended funds. Each fund carries a rating - A, AA, AAA, R or P+ - as a mark of quality and a reflection of the level of conviction Square Mile's team of analysts has in a fund's ability to deliver on expectations.

Commenting on the M&G Episode Income fund, Alex Farlow, Head of Risk Based Solutions Research said:

"Lead fund manager Steven Andrew is a very measured and knowledgeable individual particularly with regard to the broader market environment. He is supported by an experienced team, the majority of whom have been working together managing multi asset strategies for over 10 years. We believe the environment created is ideally suited for the manager and allows his best asset allocation ideas to be fully reflected within the portfolio.

We like the fact that the fund has well-defined and quantifiable objectives in terms of income, growth and the expected risk over the longer term. Mr Andrew is very clear on how he intends to meet these objectives and where he believes his edge lies. Whilst he has only been lead manager since 2010 he has around 15 years of investment experience, most of which has been focused on the fund's main driver of performance: macroeconomics."

To view this fund within the Academy of Funds please click here.