Insights

From the monthly archives: May 2015

We are pleased to present below all posts archived in 'May 2015'. If you still can't find what you are looking for, try using the search box.

Newton Asian Income Rating Removed

We are removing Square Mile's AA rating of the Newton Asian Income fund following the group's announcement today of the departure of Jason Pidcock. We have a high regard for Newton's global thematic investment framework and the idea generation that come from the in-house team of analysts. However, Mr Pidcock was a member of Newton's Asia Pacific team and he was instrumental in the establishment of the Asian Income fund, for which he had been lead manager since the fund's launch in 2005.

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Changes to the Architas Multi Asset Active Fund range

Following the announcement that Stephanie Carbonneil, co-manager of the Architas Multi Asset Active Fund range is leaving the business, Square Mile is retaining its Recommended rating.

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Square Mile Academy of Funds update

Square Mile Investment Consulting & Research has added the Legg Mason Brandywine Global Fixed Income Absolute Return Fund to its Academy of Funds, and has upgraded the Old Mutual Corporate Bond Fund. Both now have an A rating.

Housed within a dedicated section on the Square Mile website, and free for all advisers to access, recommended funds carry a rating - A, AA, AAA or P+ - as a mark of quality and a reflection of the level of conviction Square Mile has in a fund's ability to deliver on expectations.

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The hidden depth of covered call strategies

Covered call strategies have been around for many years and are particularly well known in the US market. As yields on financial assets have diminished, the popularity of these strategies has surged, by as much as 25 per cent per annum over the past 10 years according to some estimates, and some $45bn is currently invested. The approach is less accepted in the UK, but a handful of equity-focused funds are managed in this way. A covered call position involves taking a long equity position and writing a call option on the same security. In essence, some of the future potential capital growth is sold in exchange for an option premium. During bull markets, share prices may go through the pre-set strike price of the options, and the positions can be called away; such strategies will typically lag the market's advance. In down markets, the strategies are exposed to declines in share prices, but the revenues generated by call writing mitigate the drawdown. 

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Square Mile adds three new funds to its Academy of Funds

Square Mile Investment Consulting & Research has added three new funds to its Academy of Funds; Polar Capital Global Insurance, Matthews Asia Funds Asia Small Companies and AXA Sterling Credit Short Duration.

Housed within a dedicated section on the Square Mile website, and free for all advisers to access, recommended funds carry a rating - A, AA, AAA, P+ or R - as a mark of quality and a reflection of the level of conviction Square Mile has in a fund's ability to deliver on expectations.

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Square Mile adds Premier Multi Asset Global Growth to its Academy of Funds

Square Mile Investment Consulting & Research has added the Premier Multi Asset Global Growth Fund to its Academy of Funds, awarding it an A Rating.

Housed within a dedicated section on the Square Mile website, and free for all advisers to access, recommended funds carry a rating - A, AA, AAA or P+ - as a mark of quality and a reflection of the level of conviction Square Mile has in a fund's ability to deliver on expectations.

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