IA Responsible Investment Framework

The Investment Association has recently launched the first industry-agreed framework for common approaches to responsible investment (“Responsible Investment Framework”). This Framework categorises, and provides standard definitions for, the different components of responsible investment. This report accompanies the Framework and is intended to provide context, guidance and uses for the Framework as well as outline next steps and raise outstanding questions.

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Responsible A rating awarded to EdenTree Amity UK fund

We are delighted to announce that we have awarded a Responsible A rating to the EdenTree Amity UK fund. We hold this fund's managers, Sue Round and Ketan Patel, and their colleagues in the EdenTree Responsible Investment team in high regard and believe them to be both very competent and committed to the group's investment approach of 'profits with principles'. We see this fund as a very credible choice for investors seeking a responsible strategy in the IA UK All Companies sector.

ESG: The adviser experience

Despite a rising interest in ESG and Responsible Investment across the investment industry, recent research carried out by Square Mile highlighted there is still much confusion and misinterpretation surround these trends and what they mean for the advice sector.

In Square Mile’s recent ESG Pathway events, in partnership with ESG Clarity, we were joined by two panels of advisers to discuss how they have started their journeys towards ESG integration and Responsible investment, the evolution of their client conversations and how to avoid ‘greenwashed’ funds.

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AXA Framlington Managed Balanced retains A Rating

Following the news that Jamie Hooper, lead manager on the AXA Framlington Managed Balanced fund, is leaving AXA IM and the industry at the end of the year, we have decided to retain the fund’s A rating. Jamie Hooper is responsible for the UK equity element of the portfolio and the asset allocation. The remainder of the portfolio is managed by asset class specialists within AXA IM. He will be handing over management responsibility to Jamie Forbes-Wilson and David Shaw. Jamie Forbes-Wilson, manager of the AXA Distribution fund range, will also take over management of the UK equity portfolio. He and Mr Hooper have worked together for many years, as colleagues on the UK equity team. Mr Shaw, whilst not directly responsible for any of the underlying equity sleeves, will bring experience and support information flow on the global equity part of the portfolio, given his experience as a US equity manager. Mr Forbes-Wilson and Mr Shaw will decide on the asset allocation, however historically this has not bee ...

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The Good Investment Review October 2020

As Good Money Week 2020 begins, the ninth Good Investment Review from 3D Investing and Good With Money highlights how sustainable funds have outperformed the sector average over the last five years – and in particular throughout the coronavirus pandemic.

Good Investment Review

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Job Opportunity: Junior Quantitative Research Analyst

We have an exciting new opportunity for a Junior Quantitative Research Analyst to join the team to support the Quantitative Research team.

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New fund rating: Goldman Sachs Emerging Markets Equity Portfolio

We are pleased to introduce Goldman Sachs Emerging Markets Equity Portfolio to the Academy of Funds with an A Rating. We have been impressed with the two co-managers, Mr Hiren Dasani and Ms Basak Yavuz, since they took charge of this strategy in April 2017. The pair are experienced investors and they have sensibly continued to apply the successful investment process that was put in place by their predecessor. In addition, we have a high regard for the capability of the extensive analyst team, which is a crucial feature in a region where markets can be influenced by a host of factors. Stock contribution is expected to be the key driver of the fund's performance over the long term, as it is the primary focus of the two managers and a key attraction of this strategy. Investing in emerging markets is not without risks, but we see this fund as a sound long-term option for investors who are seeking broad exposure to the asset class and we think it will appeal to those who are looking for a more "blended" style of m ...

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New Ninety One Talking Factsheet added to the Academy of Funds

We have added a new Talking Factsheet to the Square Mile Academy of Funds, featuring Square Mile's Investment Research Analyst, Paul Angell, who reviews the objectives and risks and giving our views on the Ninety One UK Alpha fund.

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Rating downgrade for the Artemis European Opportunities fund

Upon the recent news that the co-manager of the Artemis European Opportunities fund, Mark Page, will be retiring with immediate effect, leaving the fund to be solely managed by the existing co-manager, Laurent Millet, we have decided to downgrade our rating on the fund from AA to A.

Our rating downgrade is to reflect the loss of Mr Page's lengthy experience from the fund but having co-managed the fund alongside Mr Page since launch, we believe Mr Millet is a very capable investor and will continue to uphold the fund's investment philosophy and process.

Changes to Man GLG Japan Core Alpha fund

Following the recent news of the impending retirements of Mr Steve Harker and Mr Neil Edwards at the end of March 2021, we have decided to lower the Man GLG Japan CoreAlpha fund's AAA rating to AA. Jeff Atherton, who is a senior member of the team and has been with the firm since 2011, will be taking sole charge of the strategy. He will be closely supported by Adrian Edwards, who has been with the firm from 2014, and assistant portfolio managers, Emily Badger and Stephen Harget. The four are value investors and are strongly committed to maintaining the integrity of the philosophy and the process. The change of rating reflects the fact that the team are going to lose two very seasoned investors in this space, but also recognises our ongoing conviction in and high regard for Mr Atherton and his team.

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