Square Mile Investment Consulting & Research has added Hermes Asia ex Japan Equity to its Academy of Funds, giving it an A rating. Housed within a dedicated section on the Square Mile website and free for all advisers to access, recommended funds carry a rating - A, AA, or AAA - as a mark of quality and a reflection of the level of conviction Square Mile has in a fund's ability to deliver on expectations.
Hermes Asia ex Japan Equity fund
Outcome: Capital Accumulation
We view this relatively new proposition as an interesting strategy that is truly doing something different compared to many of its peers. The manager, Jonathan Pines, is supported by a small but dedicated team of analysts, and has managed the strategy since launch in 2010 (it was changed into a UCITS IV format and made open to external investment in November 2012). The fund invests across the market capitalisation scale with the team's investment philosophy having an inherently contrarian and value bias. They essentially believe in buying stocks that are attractively priced relative to the underlying quality of the company. He also remains deeply aware of the potential loss for any investment and therefore looks for a margin of safety before any investment is made.
In addition, the Academy of Funds highlights what outcomes investors can expect from each investment vehicle listed, helping advisers ensure their recommendations are in line with their clients' expectations.