Square Mile Investment Consulting has evicted the Lazard Emerging Markets Core Equity fund from its ratings academy following significant investor redemptions.
During February 2021, the fund's assets fell from $100m to $11m. Square Mile said the fund is based on a much larger overall strategy to which Lazard remains committed, and it is managed by lead portfolio manager Stephen Russell using a well-established investment process. However, at the current size, the analysts felt the fund was too small to continue to support within the Academy of Funds. The Square Mile analysts have awarded a Responsible A rating to three funds that have entered its academy in May. Rathbone Ethical Bond, NN Green Bond Short Duration and NN Green Bond funds ha...
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