Schroders and Legg Mason have received new fund ratings issued by Square Mile Investment Consulting and Research in its latest update, which also brought good news for BNY Mellon.
The three large fund houses were highlighted within the research firm's Academy of Funds ratings round up for November, published today (7 December). Square Mile downgrades trio of funds amid manager departures Schroders saw its Asian Alpha Plus fund downgraded from AA to A due to a personnel change at the top of the manager list. Square Mile said it had made the decision due to the fund's long-standing manager, Matthew Dobbs, passing responsibility to Richard Sennitt at the end of March 2021, before he retires at the end of the year. "Square Mile's analysts emphasise the high...
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