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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