We are pleased to announce the reintroduction of the PIMCO Select UK Income fund to our Academy at an A rating. We have now met with the fund's new lead manager, Eve Tournier, and are confident that she will continue to run the fund in line with the sensible income focus that the fund's investors have become accustomed to. She is backed by the vast PIMCO resources as well as two experienced co-managers, Andrews Balls and Ketish Pothalingam on this fund.
We are also pleased to announce that we have awarded a Responsible Positive Prospect rating to the BNY Mellon Sustainable Global Dynamic Bond fund. Square Mile Responsible ratings are awarded to funds which include within their objectives or mandates an element that explicitly aims to have a positive impact on society and/or the environment, as well as to deliver on their stated financial objective. In our view, this fund meets this requirement.
Launched in February 2019, this is the sister fund of the Square Mile AA rated Global Dynamic Bond fund, and is managed by Paul Brain and his team, whom we know well and hold in high regard. We believe this to be a solid fixed income fund run by an experienced manager using a sustainable mandate, which should prove to be a compelling investment option for responsibly minded, low risk investors.
Please note that our rating has been awarded to the euro share class of the fund as there was no sterling share class available at the time of rating. Furthermore, the fund is not currently available on platforms.
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