TwentyFour AM funds given clean bill of health by Square Mile

Invesco Distribution rating reinstated

TwentyFour Asset Management has been given a clean health bill by the Square Mile Academy of Funds, with all four ratings retained as the analysts predict zero impact from Ben Hayward taking over the portfolios from departing CEO Mark Holman.

Given that Holman and Hayward are both founding partners of the company, Square Mile does not anticipate the impact of these changes to be significant. "From a fund perspective, the TwentyFour Strategic Income fund will now benefit from Mark Holman's focus on investment management. While the TwentyFour Monument Bond fund will lose much of Ben Hayward's direct input, it is managed with a team approach across 11 investment managers, three of whom are partners in the firm. Square Mile therefore anticipates any impact on the fund to be manageable," the analysts said. Square Mile removes A...