Square Mile downgrades three M&G funds in latest ratings reshuffle

Jupiter Distribution fund rating also dropped

Former Jupiter fund manager Alastair Gunn

Former Jupiter fund manager Alastair Gunn

Square Mile Investment Consulting and Research has removed its rating on the Jupiter Distribution fund, which had been suspended in December 2020 on news that Alastair Gunn was leaving Jupiter and it would be managed by the multi-asset team, headed by Talib Sheikh.

"Following an update with the multi-asset team, Square Mile's analysts believe is very likely that the fund will be run in a different style and approach than it was previously," the firm said. "Although...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Managed funds

Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read
The bank has pushed back against claims it may offload its asset management arm

State Street disavows claims of asset management sale - reports

Sparked by Invesco rumours

James Baxter-Derrington
clock 22 October 2021 • 1 min read
St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read