Square Mile Investment Consulting & Research has added two new funds to its Academy of Funds; Neptune Global Alpha and Evenlode Income, awarding both 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.

Commenting on Neptune Global Alpha, Investment Research Analyst Andrew Johnston, said: "This fund, which is managed by Robin Geffen - who founded Neptune in 2002 and remains the firm's CEO, could arguably be viewed as one of the purest expressions of Neptune's macroeconomic views, global sector based investment process and company analysis. Mr Geffen draws upon these resources to build a portfolio of predominantly global equity securities, with a bias to medium and smaller sized companies.

"The strategy has an unencumbered investment approach, with no constraints at a geographical or sector level and the ability to hold 100% cash. Mr Geffen is also not afraid to aggressively reposition the portfolio should the team's investment outlook change. It will therefore tend to look and behave very differently to any global equity index and as such could act as a complement to more index aware investment strategies. However, it is not a strategy for the fainthearted and a long-term time horizon is definitely required. Ultimately, this fund greatly benefits from having an experienced manager at the helm, insightful macroeconomic as well as global sector views, and an impressive array of supporting analysts and fund managers."

John Monaghan, Senior Investment Research Analyst, said of the Evenlode Income Fund: "Wise Investments' Evenlode Income fund benefits from two managers who apply a sensible investment philosophy and have a very clear idea for the types of investments they seek.

"Since launch the fund has delivered a consistent set of returns whilst steadily growing its dividend distributions. Through its objective of seeking to produce steady, incremental returns per annum over the long term, and to increase dividend distributions in line with inflation, this fund meets our income and capital accumulation outcomes. We believe this fund provides investors with a differentiated UK Equity Income proposition and one that could be seen as a core holding within a diversified portfolio."