Hugh Sergeant's R&M Global Recovery loses Square Mile rating

SVM UK Opportunities retains rating

Three funds had its Square Mile Investment Consulting and Research (Square Mile) rating changed following the group’s June review.

ES R&M Global Recovery lost its A rating due to a run of lacklustre long-term returns. Over three and five years, the fund has ranked fourth quartile in the IA Global sector. Although it has moved up to top quartile in the past six months - as equity markets entered a growth value/recovery rotation - this was not enough to reassure Square Mile analysts. 'Nuclear is not dead': Investors wrestle with taxonomy as nations seek to localise power supply They said that despite manager Hugh Sergeant's "lengthy investment experience and impressive long-term track record running UK equity st...