Investment research firm Square Mile has granted two funds entry into its Academy of Funds, while one exited in the firm’s ratings update for June.
Mirabaud Sustainable Global Dividend fund gained the ‘Positive Prospect’ rating. The Article 8 strategy was launched in 2014 and is led by fund manager Anu Narula and deputy manager Paul Middleton.
“This high conviction global equity income fund focuses on market-leading companies with strong cash flows and sustainable yields,” Square Mile analysts said.
“Run by a highly experienced fund management team, this thematic strategy is underpinned by a robust investment process combined with strict ESG criteria.”
Regnan Global Equity Impact Solutions has gained Square Mile’s ‘Responsible A’ rating. The strategy invests in companies identified as offering solutions aligned with the United Nations’ Sustainable Development Goals.
“The analysts believe the structured framework and process are high quality and that the fund offers an attractive option for investors seeking to invest their capital in an impactful fashion,” Square Mile said.
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Meanwhile, Schroder Recovery, Schroder Income & Schroder Income Maximiser funds have retained A ratings despite manager Kevin Murphy’s planned departure, with Nick Kirrage set to take sole lead of the Schroder Global Value team.
FSSA Japan Focus fund was stripped of its Responsible A rating. The strategy was placed under strategic review after a period of underperformance and declining assets.
Janus Henderson’s Strategic Bond and Fixed Interest Monthly Income strategies have been downgraded to an A from an AA rating. The move comes after co-head of global bonds John Pattullo announced his decision to retire.
While he will exit the firm next year, Square Mile analysts said they retain confidence in the strength of the remaining team, lead by current co-head of global bonds Jenna Barnard.
Nicholas Ware, portfolio manager of the Fixed Interest Monthly Income fund became a named manager on the Janus Henderson Strategic Bond fund on 1 July.
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