Square Mile strips ratings from Investec and Franklin funds
Following 33 fund manager meetings in January
Analysts at Square Mile Investment Consulting and Research have removed the Investec Emerging Markets Equity and Franklin UK Mid Cap funds from its Academy of Funds – its showcase of recommended and rated vehicles – following extensive meetings with 21 asset management groups over the course of January.
The 31 meetings led to the team removing its 'A' rating from Archie Hart's £181m Investec Emerging Markets Equity fund, which it said was because the manager has "struggled to meet his performance objective...
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