Insights

From the monthly archives: November 2019

We are pleased to present below all posts archived in 'November 2019'. If you still can't find what you are looking for, try using the search box.

New ASI and First State Talking Factsheets have been added to the Academy of Funds

We have added five new Talking Factsheets to the Square Mile Academy of Funds, featuring Head of Risk Based Solutions Research, Alex Farlow reviewing the objectives and risks and giving his views of the funds below:


ASI MyFolio Managed Range - A range of multi-asset funds targeting a broad spectrum of risk and return objectives.



ASI MyFolio Market - A range of multi-asset funds targeting a broad spectrum of risk and return objectives.



ASI MyFolio Multi Manager - A range of multi-asset funds targeting a broad spectrum of risk and return objectives.



First State Asia Focus - This is an attractive long-term option for investors seeking exposure to the Asian region.



First State Greater China Growth - We believe this is an attractive long-term option for investors seeking exposure to the Greater China region.

Cornelian acquired by Brooks Macdonald

Following the news today that Cornelian Asset Management is to be acquired by Brooks Macdonald Group, we have decided to retain our rating on the Cornelian Risk Managed range of funds. The transaction, we understand is dependent on the successful completion of a c.£30m equity placing by Brooks Macdonald as well as regulatory approvals. All being well the transaction is expected to complete in March 2020. We intend to monitor this situation carefully over the coming months and increase our interaction with Cornelian over this period.

M&G Property Portfolio removed from the Academy of Funds

We have taken the decision to remove the M&G Property Portfolio from the Academy of funds. The fund's performance has continued to be very poor this year, in large part because of its exposure to the retail sector. The combination of this, wider trends facing the sector and the UK property market in general has contributed to outflows from the fund and a cash balance that is needing to be actively managed. Although the fund's rating is currently suspended, we are now removing the fund from the Academy.

Rating Change for the Baillie Gifford Japanese Income Growth fund

We are delighted to announce that we have upgraded our rating of the Baillie Gifford Japanese Income Growth fund from a Positive Prospect to an A rating. We believe that this fund has plenty of features that make it a promising long-term strategy. Indeed, since its launch in 2016, the fund has consistently met its investment objectives in terms of capital and income growth. Moreover, since we introduced the fund into our Academy, our conviction in the managers has grown over time and they have constructed what we consider to be an attractive portfolio of high-quality growing companies with a yield orientation.

Job Opportunity: Business Development Manager

We're expanding the sales team at Square Mile! An exciting new opportunity for a Business Development Manager to join a small and dynamic business based in the City of London - and we're looking for an equally dynamic person to join our journey.

The Square Mile team has a strong work ethic and puts the client's needs at the forefront of everything we do. We are looking for a like-minded individual to join our team who would be able to converse well on the consulting and investment services that we offer our clients.

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New Jupiter and M&G Talking Factsheets have been added to the Academy of Funds

We have added three new Talking Factsheets to the Square Mile Academy of Funds, featuring Director, Research and Consulting, Victoria Hasler and Investment Research Analyst, Daniel Pereira reviewing the objectives and risks and giving their views of the funds below:

Jupiter European Special Situations - A solid European ex UK equities proposition that would be better suited for investors with a long-term investment horizon.



Jupiter UK Special Situations - A focused fund which is managed with a value approach.



M&G Optimal Income - This fund is designed to capture the most attractive, or optimal, income stream at any given point in the economic cycle.

Rating Change for the LF Lindsell Train UK Equity fund

Following an extensive review of the LF Lindsell Train UK Equity fund, we have taken the difficult decision to downgrade the fund’s rating from AAA to A; an action we feel is appropriate because of our increasing concerns over the fund’s liquidity profile. Over the past few years, the fund has delivered strong performance both in absolute terms and versus its benchmark, the FTSE All Share index. This has undoubtedly led to the strategy attracting a large body of assets following an investment approach that results in a low turnover and highly concentrated portfolio. Given the current liquidity levels within the underlying stocks held, we believe there could be significant issues should the fund experience a prolonged period of and/or a sizeable level of redemptions. We would like to highlight that the fund has consistently met its performance objective and we retain conviction in the manager’s ability to continue to deliver this over the long term. However, given our concerns around the fund ...

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16 Fund Managers, 16 Seconds

16 Fund Managers in 16 seconds - click below to view the fund manager takeaways from the Square Mile Investment Conference:




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