BlackRock Continental European Income fund has retained its 'A' rating from Square Mile Academy of Funds despite news that the strategy's co-manager Andreas Zoellinger will retire in the first quarter of 2025.
Square Mile analysts argued that the fund's rating should stand because co-manager Brian Hall will remain on the investment vehicle, thereby maintaining a "level of continuity". The analysts said they were reassured by Stuart Brown joining the fund as co-manager in Hall's soon-to-be absence. Brown joined BlackRock in July as portfolio manager for European equities and according to Square Mile: "The analysts know Brown well, having previously managed the abrdn Europe ex-UK Income equity strategy which was rated by Square Mile prior to his departure." Boutique Havelock retains spot a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
