PIMCO and abrdn funds lose Square Mile rating following manager departures

Eight new ratings

Cristian Angeloni
clock • 3 min read

Square Mile has removed its ratings for the PIMCO GIS Dynamic Multi-Asset and abrdn Europe ex-UK Income Equity funds following the departure of their respective managers.

Analysts at the research and consulting firm decided to remove the 'A rating' from the PIMCO fund and the ‘Positive Prospect' rating from the abrdn fund in its Academy of Funds rebalancing for April. Geraldine Sundstrom will depart from PIMCO at the end of May, leaving the management of the multi-asset fund to co-managers Erin Browne and Emmanuel Sharef, alongside the wider asset allocation portfolio management team. Square Mile noted that despite the firm's "strong resources" and team approach, the fund's rating was largely predicated on Sundstorm's experience of managing dynamic mul...

To continue reading this article...

Join Investment Week for free

  • 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 Funds