Hugh Sergeant's R&M Global Recovery loses Square Mile rating

SVM UK Opportunities retains rating

Eve Maddock-Jones
clock • 3 min read

Three funds had its Square Mile Investment Consulting and Research (Square Mile) rating changed following the group’s June review.

ES R&M Global Recovery lost its A rating due to a run of lacklustre long-term returns. Over three and five years, the fund has ranked fourth quartile in the IA Global sector. Although it has moved up to top quartile in the past six months - as equity markets entered a growth value/recovery rotation - this was not enough to reassure Square Mile analysts. They said that despite manager Hugh Sergeant's "lengthy investment experience and impressive long-term track record running UK equity strategies", they do not feel this success has been repeated within a global equities mandate. Ser...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: 'Diversified approach has room for both active and passive' - David Coombs

PA360: 'Diversified approach has room for both active and passive' - David Coombs

‘Volatility is your friend if you are a long-term investor’

Jenna Brown
clock 01 May 2025 • 2 min read
PA360: FOMO can 'significantly' alter investors' risk appetite

PA360: FOMO can 'significantly' alter investors' risk appetite

Albemarle Street Partners’ Charlie Parker on the social element of investing

Isabel Baxter
clock 01 May 2025 • 1 min read
PA360: Investors must understand importance of 'proper diversification'

PA360: Investors must understand importance of 'proper diversification'

‘Investors don’t have to choose a single door’

Sahar Nazir
clock 01 May 2025 • 1 min read