Square Mile Investment Consulting and Research has upgraded five funds and downgraded two BNY Mellon funds following an “extended review” of the IA Strategic Bond sector throughout 2022.
During the year, the research company conducted 783 meetings with investment professionals across 128 fund groups. The firm announced the following funds were upgraded from A to AA: M&G UK Inflation Linked Corporate Bond fund; TwentyFour Absolute Return Credit fund; Invesco Tactical Bond fund; TwentyFour Strategic Income fund; and Janus Henderson Fixed Interest Monthly Income fund. "Square Mile's analysts believe that the management teams and investment processes at play within these strategies to be of an extremely high calibre and these upgrades reflect this high level of conviction...
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