Insights

From the monthly archives: December 2016

We are pleased to present below all posts archived in 'December 2016'. If you still can't find what you are looking for, try using the search box.

Rating Reinstatment For M&G Property Portfolio

Following our decision in July to suspend all recommended ratings on funds directly investing in commercial property in the aftermath of the Brexit vote, we have continued to monitor the situation closely. Having seen an easing of market conditions, we took the view to lift our blanket suspension and reverted back to our normal practice of considering recommendations on an individual fund basis.

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Changes to the management of the Standard Life Investments Global Smaller Companies Fund

Standard Life Investments (SLI) have announced that Harry Nimmo, who heads the firm's smaller companies team, will no longer be a named manager on the SLI Global Smaller Companies fund.

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New Kames Talking Factsheets

We have added a two new Talking Factsheet to the Square Mile Academy of Funds. Talking Factsheets is a service for users of the Square Mile Academy of Funds, combining Square Mile's independent, qualitative fund research with accessible video content. The Talking Factsheets feature Square Mile's team of analysts reviewing the objectives and risks and giving their view of funds drawn from the Rated, Recommended and Positive Prospects lists.

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AA-Rating For First State Asia Focus Fund And First State Greater China Growth Fund

Square Mile Investment Consulting & Research has added the First State Asia Focus and First State Greater China Growth funds to its Academy of Funds, awarding them both an AA-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.

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New Jupiter Talking Factsheets

We have added a two new Talking Factsheet to the Square Mile Academy of Funds. Talking Factsheets is a service for users of the Square Mile Academy of Funds, combining Square Mile's independent, qualitative fund research with accessible video content. The Talking Factsheets feature Square Mile's team of analysts reviewing the objectives and risks and giving their view of funds drawn from the Rated, Recommended and Positive Prospects lists.

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Improving Clarity on Costs

The recently published FCA interim report of its market study into the asset management industry has placed a flag into the sand that it believes that investors should be increasingly discerning about the level of fees they pay for services. As early as the fifth point in the study's executive summary, a chart details the potential impact of high active fees over a passive alternative to savers' wealth.

Indeed, advisers have had the obligation to consider fees for many years. In COBS 6, the FCA states that 'in order to meet its responsibilities under the client's best interests rule and Principle 6 (Customers' interests), a firm should consider whether the personal recommendation or any other related service is likely to be of value to the retail client when the total charges the retail client is likely to be required to pay are taken into account'. The market study has thrown the gauntlet down to the industry to come clean about the full costs that investors incur and to justify them. Declining prospective returns from investments are merely compounding the issue.

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