Insights

From the monthly archives: April 2017

We are pleased to present below all posts archived in 'April 2017'. If you still can't find what you are looking for, try using the search box.

Square Mile introduces the CF Miton Cautious Multi Asset fund to the Academy of Funds

Square Mile is pleased to announce the introduction of the CF Miton Cautious Multi Asset fund into the Academy of Funds, and have awarded it an A rating.

Lead manager David Jane and co manager Anthony Rayner are very experienced and have been working together for many years. The pair have demonstrated that they are prepared to allocate capital in a manner which is agnostic of any benchmark. This dynamic and unconstrained approach is a key aspect of the process and something we feel sets them apart from a number of competitors.

Continue reading »

Job Opportunity - Quantitative Research Analyst

Square Mile are looking for a Quantitative Research Analyst to join the expanding Investment Research team. The role will support the Head of Quantitative Research to set up and run various quantitative based applications.

This is an entry level position. The candidate will not be expected to have any industry experience or qualifications, but will be expected to make progress towards qualifications, namely the Investment Management Certificate (IMC) in the short term.

Continue reading »

Rating change for Standard Life Investments Japanese Equity Growth

We have decided to remove the Standard Life Investments Japanese Equity Growth fund from our Academy of Funds. The managers are looking to deliver strong excess returns on a consistent basis but the fund has had a challenging period in recent years and our conviction in the management team's capability to achieve the fund's objectives has fallen significantly.

Continue reading »

Changes to Goldman Sachs India Equity Portfolio and Goldman Sachs Emerging Markets Equity Portfolio

Following the news that Prashant Khemka has left Goldman Sachs Asset Management, Square Mile has taken the decision to suspend the Goldman Sachs India Equity Portfolio and removed the rating on the Goldman Sachs Emerging Markets Equity Portfolio.

Continue reading »

Square Mile introduces the Unicorn UK Income fund to the Academy of Funds

We are pleased to announce the addition of the Unicorn UK Income fund to Square Mile's Academy of Funds and have awarded it an A rating.

We believe that the fund has a number of positive attributes that investors might find appealing. It differentiates itself from many mainstream strategies through its focus on small and medium sized companies, though we acknowledge that this could result in a more volatile return profile compared with more traditionally managed UK equity income peers.

Continue reading »

Rating change for Invesco Perpetual Asian

Following the news that William Lam is to become sole portfolio manager for the Invesco Perpetual Asian fund, Square Mile has decided to downgrade the fund from a AA to an A Rating. The rating change is a reflection of the high level of experience and regard in which we hold Mr Parks, who was previously lead manager of the fund, having followed him for many years.

Continue reading »

Andy Pomfret joins Square Mile Investment Consulting and Research as Chairman

Square Mile Investment Consulting and Research, announces that Andy Pomfret has joined the board of Square Mile and assumed the role of chairman with immediate effect. Simon Davies, Square Mile's chairman since launch three years ago, has stood down as he has moved abroad.

Andy's career in financial services spans over 30 years. Most recently, he spent 10 years as the chief executive of Rathbones Brothers plc, the FTSE250 wealth manager where he worked until 2014. Prior to Rathbones he spent 13 years at Kleinwort Benson in corporate finance, development capital and as finance director of the investment management business. He is currently a non-executive director of Sanne Group plc, Interactive Investor plc and three investment trusts. He is also a director of the Wealth Management Association and a member of the Prudential Regulation Authority Practitioner Panel.

Continue reading »

2016 Income Review

Recently Square Mile updated their income graphs to reflect the distributions paid out by funds in 2016 on our website. Square Mile shows income graphs for every Square Mile rated fund that has an income outcome and where our data provider FE can provide us with three full calendar years of distributions for the appropriate share class.

When considering a fund from an income perspective, most investors will consider the fund's yield. A fund's yield is calculated as the distribution per share over a given period divided by the share price at the start of the period considered. This is a useful measure for investors and shows how much income an investor could potentially receive. However, what it does not show is whether the fund's distributions have risen or fallen over time. Many funds have provided a constant yield over time, but the income that an investor would have actually received has varied. As you can see from the graph below, the example fund has provided a fairly constant yield, but the actual monetary income which investors have received has fluctuated. The moral of the story is that constant yield does not equal constant income.

Continue reading »

Archive