Three funds had its Square Mile Investment Consulting and Research (Square Mile) rating changed following the group’s June review.
ES R&M Global Recovery lost its A rating due to a run of lacklustre long-term returns. Over three and five years, the fund has ranked fourth quartile in the IA Global sector. Although it has moved up to top quartile in the past six months - as equity markets entered a growth value/recovery rotation - this was not enough to reassure Square Mile analysts. They said that despite manager Hugh Sergeant's "lengthy investment experience and impressive long-term track record running UK equity strategies", they do not feel this success has been repeated within a global equities mandate. Ser...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes