None of the information provided is investment or tax advice.
You should always read the associated risks before deciding whether to invest. These can be found on the product pages as well as in our risks overview.
Please confirm you have read the information above.
Downing European Unconstrained Income Fund receives positive prospect rating from Square Mile.
Analysts at Square Mile Investment Consulting and Research (Square Mile) conducted 127 interviews with investment professionals from 34 asset management groups over the course of September 2021. Based on the intelligence gained at these meetings, the following actions have been taken.
The VT Downing European Unconstrained Income fund has been introduced to the Square Mile Academy of Funds with a Positive Prospect rating. Launched in November 2020, its portfolio managers Mike Clements and Pras Jeyanandhan are long-term investors with a contrarian approach. They seek to buy a short list of companies that they believe are of a high quality but are out of favour or overlooked by other investors. They carry out extensive research with a strong focus on trying to understand potential challenges to business models over a five-year period. The fund will look very different to its peers and therefore offers diversification for long-term investors seeking a differentiated strategy which provides a complementary source of income and growth alongside their core strategies. The strategy should appeal to those looking for a total return, value focussed, concentrated European ex-UK vehicle. (Decision as at 28.09.21)
A P+ rating (Positive Prospect) is given to young funds in which the Square Mile analysts have identified as having the potential to be highly compelling propositions. However, there are some elements relating to the strategy where the analysts need more time to be satisfied that the fund merits a full rating. As a result, the fund is given a qualified rating to highlight its appeal, but also to recognise Square Mile’s reservations.
Find out more on the Downing European Unconstrained Income Fund.
Risk warning: Please note that past performance is not a reliable indicator of future results. Capital is at risk and returns not guaranteed. Investments and the income derived from them can fall as well as rise and investors may not get back the full amount invested.
If you are a financial adviser, or discretionary fund manager call 020 7630 3319 or email us at sales@downing.co.uk
If you are a private investor call 020 7416 7780 or email customer@downing.co.uk