Square Mile suspends Ninety One and RGI fund ratings amid merger vote and manager departure

‘Responsible A’ and ‘A’ ratings

Square Mile has suspended the ratings for the Ninety One UK Sustainable Equity and RGI European funds following news that the former is preparing to seek a merger with another strategy, while the latter has seen its manager join another firm.

In its Ratings Round-Up for December, Square Mile analysts argued that Ninety One UK Sustainable Equity is highly likely to be rolled over into the Ninety One Global Sustainable Equity fund. For this reason, the team has decided to suspend its ‘Responsible A' rating pending the vote outcome. "Should the merger gain approval, the fund will be removed from the Academy of Funds," Square Mile stated. GAM Star Continental European Equity fund stripped of Square Mile rating amid Niall Gallagher departure Shareholders have until 13 January to cast their vote for the merger proposal, wi...