Insights

From the monthly archives: August 2018

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

Square Mile introduces the Evenlode Global Income and Vanguard US Government Bond Index funds to the Academy of Funds

We are pleased to introduce the Evenlode Global Income fund as a Positive Prospect rating and the Vanguard US Government Bond Index fund with a Recommended rating to Square Mile's Academy of Funds.

Having only recently launched in November 2017, the Evenlode Global Income fund is a fairly new yet interesting fund, with a clear outcome orientated objective.

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Fund Rating Removal

After some debate, we have taken the decision to remove our rating of the Royal London UK Government Bond fund, which previously held an A rating in the Academy of Funds. Whilst we have no immediate concerns over the fund, it has struggled to generate alpha and has consistently underperformed equivalent passive funds for many years. We therefore believe that investors would be better served in other funds.

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Tiller Investments Ltd Appoints Square Mile to support its portfolio

Online wealth manager Tiller Investments Ltd (Tiller) has appointed Square Mile Investment Consulting and Research (Square Mile) to support its asset allocation and portfolio development process.

In addition to reviewing the 'fund universe' available to the firm's model portfolios, Square Mile will work with Tiller to make sure that the portfolios align with the expected outputs against clients' risk profiles.

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Fund Rating Change For The Schroder Multi Manager Diversity fund

We have taken the decision to downgrade the Schroder Multi-Manager Diversity fund to A from AA. This follows a challenging period of performance where the fund has struggled to consistently deliver in line with its long-term CPI plus 4% p.a. performance target. The structure of the fund, which only permits up to a third of the portfolio to be held in equities, has proved a headwind in what has been a strong environment for the asset class over recent years.

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Square Mile introduces the Baillie Gifford Japanese Smaller Companies to the Academy of Funds

We are pleased to introduce the Baillie Gifford Japanese Smaller Companies fund to Square Mile's Academy of Funds with an A Rating. We see this fund as an attractive choice for long-term investors seeking exposure to Japan's smaller companies growth potential.

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Fund Rating Removal

We have taken the decision to remove the 7IM AAP and multi-manager ranges from Square Mile's Academy of funds. Over time our conviction in 7IM's asset allocation capability has waned following the departure of some senior members of the investment team. This has also coincided with a period of weaker performance. More recently, there have been changes to the investment sub-teams to allow a greater level of responsibility and accountability across the various investment disciplines, including asset allocation and investment selection.

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Fund Rating Reinstated

We are pleased to confirm we have awarded the Matthews Asia Asia Smaller Companies fund a Positive Prospect rating. The fund previously had an A rating but this was suspended earlier in the year when its size fell due to investor redemptions. Since then we have been encouraged by the efforts of the group to improve the fund's assets.

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Square Mile introduces the Troy Trojan fund to the Academy

We are very pleased to announce that we have introduced the Troy Trojan fund into the Academy of Funds at an AA rating.

Investors in the fund benefit from a seasoned portfolio manager that has followed a tried and tested investment process since the fund was launched in 2001. He is supported by a strong and experienced team, who all share the same investment philosophy as well as investment ideas. We like the manager's longer-term approach, which means he is not distracted by short-term relative performance. This allows him to be patient and help preserve investors' capital during periods when risks are high and take on more risk when the risk-return potential is more favourable.

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