The Embark Horizon fund range has lost its Square Mile Recommended rating following news the suite is set to transfer from Columbia Threadneedle Investments to BlackRock in the first quarter of the year.
Analysts at Square Mile Investment Consulting and Research argued that while BlackRock has "strong resources", the new team must establish its own process and build a track record before a rating can be applied. Meanwhile, the departure of Sharat Shroff as lead manager on the Matthews Asia Pacific Tiger fund has led to the suspension of the product's AA rating until Square Mile's analysts can meet with new lead manager In-Bok Song and incoming chief investment officer (CIO) Sean Taylor, who took on the role following the firm's rebrand from Matthews Asia to Matthews. They will seek to...
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