Square Mile downgrades Columbia Threadneedle UK Social Bond on manager's departure

Somerset GEM loses rating

clock • 2 min read
Manager of Columbia Threadneedle UK Social Bond Simon Bond, who hands over fund management responsibilities at the end of the month.
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Manager of Columbia Threadneedle UK Social Bond Simon Bond, who hands over fund management responsibilities at the end of the month.

Square Mile has downgraded Columbia Threadneedle’s UK Social Bond fund rating from AA to Responsible Positive Prospect due to the impending departure of Simon Bond.

As part of its latest Academy of Funds review, Square Mile analysts downgraded the fund despite acknowledging that "many of the strategy's strengths remain", citing the importance of Bond's role as...

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