Square Mile removes ratings of BMO and Baillie Gifford funds

Elliot Gulliver-Needham
clock • 2 min read
Gerard Callahan of Baillie Gifford
Image:

Gerard Callahan of Baillie Gifford

The BMO Navigator Multi-Manager Range of funds and the Baillie Gifford UK Equity Alpha fund have had their ratings removed by Square Mile Investment Consulting and Research (Square Mile) in its latest ratings round-up.

Square Mile noted that Columbia Threadneedle Investments had acquired BMO's EMEA Asset Management business and decided to retain its ratings, but subsequently removed the ratings from the BMO Navigator Multi-Manager Range of funds as part of a broader review of the multi-asset sector. It said that "while the funds benefit from an experienced and well-regarded team, Square Mile's analysts lack the necessary long-term conviction to maintain the ratings. There has been a trend to outflows across higher cost offerings more generally, and Square Mile's value for money analysis alongside a rev...

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