Lazard Emerging Markets Core Equity fund kicked out of Square Mile academy

Three ethical funds enter the Academy

clock • 1 min read
Lazard EM Core Equity exits
Image:

Lazard EM Core Equity exits

Square Mile Investment Consulting has evicted the Lazard Emerging Markets Core Equity fund from its ratings academy following significant investor redemptions.

During February 2021, the fund's assets fell from $100m to $11m.  Square Mile said the fund is based on a much larger overall strategy to which Lazard remains committed, and it is managed by lead portfolio manager Stephen Russell using a well-established investment process. However, at the current size, the analysts felt the fund was too small to continue to support within the Academy of Funds.  The Square Mile analysts have awarded a Responsible A rating to three funds that have entered its academy in May. Rathbone Ethical Bond, NN Green Bond Short Duration and NN Green Bond funds...

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
member?

Login

More on Funds

Three funds have Square Mile Investment Consulting and Research rating change

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

SVM UK Opportunities retains rating

clock 04 July 2022 • 3 min read
Adam Jones is managing director of Ada Fintech and CTO at Redington

Can better data help rebuild trust between investors and fund pickers?

Products are intangible

Adam Jones
clock 01 July 2022 • 4 min read
The ETFs aim to overcome traditional yield shortfall by using multi-factor investing.

Invesco launches two ESG credit ETFs

Invesco has launched two new ESG ETFs that provide investors with access to investment grade fixed-rate euro-denominated unsecured corporate bonds from global issuers.

clock 29 June 2022 • 2 min read
Trustpilot