Artemis European Opportunities has lost its Academy of Funds rating following a review period sparked by the departure of co-manager Mark Page last October, the third offering from the asset manager to lose its rating in two months.
While analysts at Square Mile - which carried out the ratings - said that sole manager Laurent Millet had "refined parts of the investment process", their conviction in the strategy had "waned" and they could no longer support its A rating. Schroder Global Cities Real Estate fund entered the Acadaemy of Funds for the first time, achieving a Responsible A rating. Analysts said the managers had "identified an attractive opportunity within the global real estate market and built an impressive investment process to exploit this on behalf of investors". They added the fund had "deeply...
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