Insights

From the monthly archives: March 2018

We are pleased to present below all posts archived in 'March 2018'. If you still can't find what you are looking for, try using the search box.

Fund Rating Removal

We regret to announce that we have removed the Jupiter Strategic Reserve fund from Square Mile's Academy of Funds. Following a period during which the fund has struggled to deliver returns ahead of its stated objectives, combined with a change in the management structure of the fund, our conviction in the strategy to meet its stated objectives in the foreseeable future has waned. Whilst we believe the recent hires to the team will be supportive over time, we prefer to give the team some time to settle down and feel we can no longer recommend the fund to investors at this point.

Continue reading »

LF Woodford Equity Income fund removed from IA UK Equity Income sector

Following the news that the Investment Association (IA) have removed the LF Woodford Equity Income fund from the UK Equity Income sector and placed it into the IA UK All Companies sector, Square Mile’s view of the fund has not changed and it retains its AAA rating.

Continue reading »

Evenlode Income to soft close

With effect from 1 May 2018, the Evenlode Income fund will soft close subject to regulatory approval. From this date an initial charge of 5% will be levied to all subscriptions made by new investors, however existing unitholders will not be affected. Funds inherently soft close, or try to reduce inflows, in order to protect the integrity of the investment process and existing investors.

Continue reading »

Square Mile introduces Baillie Gifford Japanese Income Growth to the Academy of Funds

We are pleased to award the Baillie Gifford Japanese Income Growth fund with a Positive Prospect rating. We believe it has plenty of features that make it a promising long-term strategy. However, it is a fairly new proposition having been launched in July 2016 and, as such, it is still untested in terms of how it will behave in different market conditions as well as through the economic cycle.

The fund is managed by a team we regard highly and have an impressive long-term track record of investing in Japanese equities. They believe that companies in Japan are in a unique position as they are able to operate for growth but can also ramp up their dividend payments.

Continue reading »

Chris Fleming joins Square Mile as Investment Services Director

Square Mile Investment Consulting and Research Ltd today confirms the appointment of Chris Fleming as Investment Services Director with immediate effect.

Chris will be responsible for strengthening Square Mile's approach to strategic and tactical asset allocation and he will bring a huge amount of experience and expertise in asset allocation, investment and consulting to enhance Square Mile's service to clients. This appointment will help to support Square Mile through the next stage of growth and bring more relevant outcomes to the end investor.

Continue reading »

Square Mile introduces Man GLG UK Income to the Academy of Funds and upgrades Man GLG Undervalued Assets

We are pleased to announce the addition of the Man GLG UK Income fund to the Square Mile Academy of Funds with an A rating, and the upgrade of the Man GLG Undervalued Assets fund from A to AA. Both strategies, which are predominantly investing in the UK stock market, have been run by Henry Dixon and his team since November 2013 and are managed with a well-honed valuation focused and market-cap agnostic investment approach.

Continue reading »

Fund Rating Removal

We regret to announce that we have removed the 'A' ratings of the Aberdeen World Equity and Aberdeen World Equity Income funds, following a prolonged period in which the funds have failed to meet their respective performance objectives.

Both funds are managed by the same investment team and have tended to be structurally underweight the US equity market which can, and has, understandably been a headwind at times. However, this, and our concerns over their developed market stock-picking abilities, has historically been offset by our positive view on the firm's core competencies within Asia and Emerging Markets.

Continue reading »

Fund rating change for the Invesco Perpetual Global Financial Capital

We have taken the decision to downgrade the Invesco Perpetual Global Financial Capital fund from a AA to an A rating in the Square Mile Academy of Funds following Paul Causer, the fund's co-manager and co-Head of Fixed Interest at Invesco Perpetual, recently stepping down from his formal management responsibility on the fund.

Continue reading »

Archive