Insights

From the monthly archives: July 2017

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

Changes to the Schroder European Alpha Income fund

We are delighted to announce the upgrade of the Schroder European Alpha Income fund from a Positive Prospect rating to an A rating.

Mr James Sym has held sole responsibility for the fund since the departure of the previous manager in 2013 and the change in rating reflects our increased conviction in his ability to deliver his stated objective.

Continue reading »

Square Mile introduces the Cornelian Risk Managed Range to the Academy of Fund

We are pleased to announce the addition of the Cornelian Risk Managed Range to the Square Mile Academy of Funds and have awarded a Recommended rating. The rating has been awarded to five funds; Cornelian Defensive, Cautious, Managed Growth, Growth and Progressive.

We believe this range represents a robust proposition for investors and has a number of areas of differentiation compared to other risk targeted funds. We like the clear, measurable and tangible performance target that each fund has and the link to real capital appreciation.

Continue reading »

Square Mile introduces the AXA Global Short Duration Bonds fund and M&G Global Floating Rate High Yield fund to the Academy of Fund

We are delighted to introduce two new fixed income funds to our Academy of Funds.

We are introducing the M&G Global Floating Rate High Yield fund with an A rating. The fund invests in a mixture of physical and synthetic instruments that pay coupons inclusive of variable and fixed rate components, with the variable component linked to the base interest rates in the country of issue. Unlike most bonds these instruments therefore protect against interest rate fluctuations.

Continue reading »

Changes to the Schroder Tokyo Fund

We have a high regard for the manager, Andrew Rose, and his very disciplined and sensible approach to investing in this market. However, the fund's objective is to outperform the TOPIX benchmark by 2.5% p.a. over rolling three years and to deliver top quartile returns within the IA Japan peer group. We think the index plus target is a difficult one to achieve on a consistent basis (for any manager) and especially when risk is being taken in such a measured and considered manner.

Continue reading »

Changes to the Jupiter Strategic Reserve fund

Following the recent news that Miles Geldard is going to step back from fund management at the beginning of next year, while co-manager, Lee Manzi, will assume the role of lead portfolio manager from September 2017, we have decided to suspend the Jupiter Strategic Reserve fund's rating.

Continue reading »

Fund Rating Removals

Following the news that long standing member of Henderson Multi Asset Team and portfolio manager, Chris Forgan, has decided to leave the group, Square Mile has decided to remove the fund ratings on Henderson Multi Manager Income & Growth, Henderson Core 3 Income, Henderson Core 4 Income, Henderson Core 5 Income and Henderson Core 6 Income & Growth.

Continue reading »

BlackRock Change Name Of 13 Passive Funds

BlackRock have recently announced that the following funds will change name, effective as at 30th June 2017.

BlackRock 100 UK Equity Tracker to iShares 100 UK Equity Tracker

BlackRock 350 UK Equity Tracker to iShares 350 UK Equity Tracker

BlackRock Continental European Equity Tracker to iShares Continental European Equity Tracker

Continue reading »

Square Mile introduces the Invesco Perpetual Global Targeted Returns fund to the Academy of Funds

We are pleased to introduce the Invesco Perpetual Global Targeted Returns fund to our Academy of Funds with an A rating. This is an absolute return fund in which the managers aim to achieve a return of 3 month LIBOR plus 5% gross of fees (equivalent to about LIBOR plus 4% net of fees) over rolling three year time periods with volatility of no more than half that of equities.

Continue reading »

Changes to the Henderson Multi Asset Team

Following the news that long standing member of Henderson Multi Asset Team and portfolio manager, Chris Forgan, has decided to leave the group, Square Mile has decided to suspended the fund ratings on Henderson Multi Manager Income & Growth, Henderson Core 3 Income, Henderson Core 4 Income, Henderson Core 5 Income and Henderson Core 6 Income & Growth.

Continue reading »

Fund Rating Removal

Following a prolonged period of review Square Mile has taken the decision to remove the MFS Meridian UK Equity Fund's A rating with immediate effect.

Continue reading »

Archive