Square Mile strips ratings from Investec and Franklin funds

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 since the fund's launch in 2012". The team said: "While some funds may have certain style elements which can lead to underperformance at various points in the cycle, a key attraction of this fund was a process that considers a range of key factors designed to help deliver performance regardless of market backdrop.   "Unfortunately, this has not been the case and Square Mile's convi...