Quarter 2 2018 For Professional Clients Only Academy of Funds Analytics Report Click below to view our latest Talking Withs Talking Factsheets @SquareMileICR info@squaremileresearch.com squaremileresearch.com
Use this button to return to the contents from any page Contents Click below to go straight to a specific section Active funds 3 50 Most Viewed Active Funds 4 Views Per Management Group 6 Searches Per Outcome Views Per Asset Class 7 Views Per Rating Views Per IA Sector 8 Top Views Per IA Sector 14 Top Views Per Outcome Risk Targeted Funds 15 Top Risk Targeted Fund Views 16 Risk Targeted Views Per Management Group Passive Funds 17 Top Passive Fund Views 18 Passive Fund Views Per Management Group Passive Fund Views Per IA Sector Page 2 of 19
50 Most Viewed Active Funds Fund Name Change from Q1 2018 Q2 2018 Views % 1 LF Woodford Equity Income C Inc GBP -0.6% 1.9% 2 Artemis Income I Inc 0.8% 1.8% 3 AXA Global Short Duration Bonds Z Inc 1.3% 1.8% 4 Artemis Global Income I Inc -0.2% 1.7% 5 Liontrust Special Situations I Inc 1.0% 1.6% 6 Baillie Gifford Japanese B Acc 0.7% 1.5% 7 Baillie Gifford Japanese Income Growth B Inc 1.4% 1.4% 8 Invesco Perpetual Asian Z Acc 0.8% 1.4% 9 Artemis High Income I Inc 0.2% 1.3% 10 Legg Mason Brandywine Global Fixed Income Absolute Return X Hedged Acc GBP 0.9% 1.3% 11 Fundsmith Equity I Acc 0.2% 1.3% 12 Old Mutual Global Equity R Acc GBP 0.6% 1.3% 13 Aviva Inv UK Equity 2 Acc 0.5% 1.2% 14 First State Global Listed Infrastructure B Inc -0.6% 1.2% 15 Standard Life Investments Global Absolute Return Strategies Ret Platform 1 Acc 0.1% 1.2% 16 Newton Global Income Inst W Inc GBP 0.3% 1.2% 17 Fidelity Enhanced Income W Inc 0.5% 1.1% 18 Investec Cautious Managed I Acc GBP 0.5% 1.1% 19 Jupiter Absolute Return I Acc -0.1% 1.0% 20 Old Mutual UK Smaller Companies R Acc GBP 0.6% 1.0% 21 Aberdeen Emerging Markets Equity I Acc 0.4% 1.0% 22 Baillie Gifford Global Alpha Growth B Acc 0.3% 1.0% 23 Standard Life Investments UK Smaller Companies Ret Platform 1 Acc 0.7% 1.0% 24 BlackRock European Dynamic FD Acc 0.6% 0.9% 25 Artemis European Opportunities I Acc -0.1% 0.8% 26 Artemis US Smaller Companies I Acc GBP 0.2% 0.8% 27 Aviva Inv UK Equity Income 2 0.2% 0.8% 28 Baillie Gifford UK Equity Alpha B Acc 0.5% 0.8% 29 Fidelity UK Smaller Companies W Acc 0.6% 0.8% 30 Kames Ethical Cautious Managed B Acc 0.3% 0.8% 31 Legg Mason Brandywine Global Fixed Income X Acc GBP 0.1% 0.8% 32 M&G Emerging Markets Bond IH Inc GBP 0.6% 0.8% 33 Artemis US Select I Acc GBP -0.4% 0.8% 34 Standard Life Investments UK Equity Income Unconstrained Ret Platform 1 Inc 0.6% 0.8% 35 Artemis Global Select I Acc -0.3% 0.7% 36 AXA Distribution Z Inc 0.4% 0.7% 37 Invesco Perpetual Corporate Bond Z Acc -0.1% 0.7% 38 JPM Unconstrained Bond C Gr Inc -0.2% 0.7% 39 Pimco Global Libor Plus Bond Inst Hedged Acc GBP 0.6% 0.7% 40 Polar Capital Global Technology I GBP 0.0% 0.7% 41 Standard Life Investments UK Equity Unconstrained Ret Platform 1 Acc 0.6% 0.7% 42 Baillie Gifford Strategic Bond B Inc 0.2% 0.7% 43 BlackRock Continental European Income D Inc 0.1% 0.7% 44 Fidelity Multi Asset Income Y Inc GBP -0.4% 0.7% 45 Invesco Perpetual Global Targeted Returns Z Acc -0.1% 0.7% 46 LF Lindsell Train UK Equity Acc -0.1% 0.7% 47 Matthews Asia China Small Companies I Acc USD 0.5% 0.7% 48 Royal London UK Equity Income M Inc -0.1% 0.7% 49 Standard Life Investments Global Smaller Companies Ret Platform 1 Acc 0.3% 0.7% 50 TM Fulcrum Diversified Core Absolute Return C Acc GBP 0.7% 0.7% We have recognised an anomaly in reporting in relation to the Aberdeen Asia Pacific & Japan Equity fund. As the first fund to appear alphabetically in the Academy of Funds it experiences a disproportionate number of views. We have therefore removed the fund from the viewing statistics. Page 3 of 19
Views Per Management Group Fund Management Group No. of SM Rated Funds Change from Q1 2018 Q2 2018 Views % 1 Artemis Fund Managers Limited 9-1.6% 7.5% 2 Fidelity International 18-1.1% 5.8% 3 Standard Life Investments 21 2.5% 5.6% 4 Baillie Gifford & Co Ltd 6 2.0% 5.0% 5 Jupiter Unit Trust Mgrs Ltd 12 1.7% 4.5% 6 Invesco Perpetual Fund Mgrs 9 0.2% 3.7% 7 BlackRock 16 1.7% 3.6% 8 Old Mutl Glbl Investors (UK) Ltd 6-0.2% 3.5% 9 AXA IM UK 6 1.2% 3.4% 10 Premier Asset Management 9-0.5% 2.7% 11 Aviva Investors UK Fd Serv Ltd 4 0.5% 2.6% 12 Kames Capital plc 8-0.9% 2.4% 13 Legal & General UT Mgr Ltd 14 1.0% 2.2% 14 Henderson Global Investors Ltd 8-2.4% 2.1% 15 HSBC Gbl Asset Mgt (HSBC Inv) 13 2.1% 2.1% 16 Liontrust Fund Partners LLP 3 1.2% 2.0% 17 7IM Investment Funds 9 2.0% 2.0% 18 Investec Fund Managers (UK) 4-0.4% 1.9% 19 M&G UK 9-1.4% 1.9% 20 Legg Mason Global Funds Plc 2-0.1% 1.8% 21 Vanguard Investments UK Limited 9 1.7% 1.7% 22 First State Investments UK Ltd 3-0.9% 1.6% 23 Woodford Investment Management 1-0.9% 1.6% 24 Newton & BNY Mellon Asset Mgmt 3-0.7% 1.5% 25 Aberdeen Fund Managers Limited 4 0.3% 1.4% 26 JP Morgan Asset Management UK 6-1.2% 1.4% 27 Matthews Asia 4 0.3% 1.3% 28 TwentyFour Asset Management 4-0.3% 1.3% 29 Stewart Investors (UK) 5-0.1% 1.1% 30 Fundsmith 1 0.0% 1.1% 31 Polar Capital 2 0.2% 1.1% 32 Schroder UT Managers 8-1.8% 1.1% 33 Threadneedle Investment Service 7-1.0% 1.1% 34 BMO Global Asset Management 7-0.4% 1.0% 35 Dodge & Cox Worldwide Funds Plc 2-0.1% 0.9% 36 GLG Partners 3-0.4% 0.8% 37 Royal London Unit Tst Mgrs Ltd 4-0.2% 0.8% 38 SEI Global Asset Funds (IRL) 7 0.7% 0.7% 39 PIMCO Global Advisors (IRL) Ltd 2 0.5% 0.7% 40 Lindsell Train 1-0.2% 0.6% 41 TM Fulcrum Asset Management 1 0.6% 0.6% 42 CRUX Asset Management Limited 2 0.2% 0.5% 43 Lazard Fund Managers 2-0.1% 0.5% 44 Somerset Capital Management 2 0.0% 0.5% 45 Troy Asset Management Ltd 1-0.2% 0.5% 46 River & Mercantile Asset Mgmt 4-0.8% 0.5% 47 Saracen Fund Managers 1-0.3% 0.5% 48 Unicorn Asset Management 1 0.1% 0.5% 49 Neptune Investment Management 3-1.5% 0.4% 50 Architas Multi-Manager Ltd 6 0.4% 0.4% 51 SYZ Asset Management (Lux) 2 0.3% 0.4% 52 Cornelian Asset Managers 3 0.3% 0.3% 53 Natixis Investment Managers 1-1.4% 0.3% 54 RWC 1-0.2% 0.3% 55 State Street Global Advisors 2 0.3% 0.3% 56 UBS Asset Mgmt Funds Ltd 1 0.3% 0.3% All roundings may not add up to 100%. We have recognised an anomaly in reporting in relation to the Aberdeen Asia Pacific & Japan Equity fund. As the first fund to appear alphabetically in the Academy of Funds it experiences a disproportionate number of views. We have therefore removed the fund from the viewing statistics. Page 4 of 19
Views Per Management Group 57 Evenlode Investment Management 1-0.4% 0.2% 58 SVM Asset Management Ltd 1-0.2% 0.2% 59 Allianz Global Invtrs GmbH (UK) 1-0.8% 0.2% 60 Baring Asset Management Limited 1-0.2% 0.2% 61 Franklin Templeton Funds (UK) 1-0.3% 0.2% 62 Hermes Investment Management 1 0.0% 0.2% 63 Miton Asset Management 1 0.0% 0.2% 64 Rathbone Unit Trust Mgmt Ltd 1 0.1% 0.2% 65 JO Hambro Capital Management 1-0.1% 0.1% 66 Majedie Asset Management Ltd 1 0.1% 0.1% All roundings may not add up to 100%. We have recognised an anomaly in reporting in relation to the Aberdeen Asia Pacific & Japan Equity fund. As the first fund to appear alphabetically in the Academy of Funds it experiences a disproportionate number of views. We have therefore removed the fund from the viewing statistics. Page 5 of 19
Searches Per Outcome 45+31+13+11 Capital Accumulation 45% Income 31% Capital Preservation 13% Inflation Protection 11% Views Per Asset Class 60+22+17+1 Equity 60% Multi asset 22% Fixed income 17% Property 1% Page 6 of 19
Views Per Rating 43+27+8+4+15+3 A 43% AA 27% AAA 8% Positive Prospect 4% Recommended 15% Suspended 3% Views Per IA Sector IA Sector Change from Q1 2018 Q2 2018 Views % 1 IA UK All Companies -1.7% 12.6% 2 IA Targeted Absolute Return -0.5% 7.6% 3 IA Global -0.6% 7.1% 4 IA Mixed Investment 20-60% Shares 0.8% 6.9% 5 IA UK Equity Income -2.8% 6.6% 6 IA Asia Pacific Excluding Japan 2.0% 5.1% 7 IA Europe Excluding UK -0.5% 4.8% 8 IA Sterling Strategic Bond -1.8% 4.3% 9 IA Sterling Corporate Bond -1.0% 4.0% 10 IA Global Emerging Markets -0.2% 3.9% 11 IA Japan 2.1% 3.7% 12 IA Global Equity Income -1.3% 3.3% 13 IA Specialist 0.4% 3.3% 14 IA North America -1.5% 3.2% 15 IA Global Bonds 1.3% 3.0% 16 IA UK Smaller Companies 2.0% 3.0% 17 IA Volatility Managed 2.8% 2.9% 18 IA Asia Pacific Including Japan 0.7% 2.3% 19 IA Flexible Investment 0.3% 2.3% 20 IA Mixed Investment 40-85% Shares 1.0% 1.8% 21 IA Mixed Investment 0-35% Shares -0.1% 1.6% 22 IA Europe Including UK 0.8% 1.1% 23 IA China/Greater China 0.3% 1.0% 24 IA Property -1.9% 0.8% 25 IA North American Smaller Companies 0.1% 0.7% 26 IA Global Emerging Markets Bond 0.5% 0.7% 27 IA Sterling High Yield -0.2% 0.7% 28 IA Technology & Telecommunications -0.1% 0.6% 29 IA UK Index Linked Gilts 0.4% 0.5% 30 IA European Smaller Companies -0.3% 0.4% 31 IA UK Gilts -0.8% 0.3% Page 7 of 19
Top Views Per IA Sector IA UK All Companies LF Woodford Equity Income C Inc GBP -0.6% 1.9% Liontrust Special Situations I Inc 1.0% 1.6% Aviva Inv UK Equity 2 Acc 0.5% 1.2% Baillie Gifford UK Equity Alpha B Acc 0.5% 0.8% Standard Life Investments UK Equity Unconstrained Ret Platform 1 Acc 0.6% 0.7% IA Targeted Absolute Return Legg Mason Brandywine Global Fixed Income Absolute Return X Hedged Acc GBP 0.9% 1.3% Standard Life Investments Global Absolute Return Strategies Ret Platform 1 Acc 0.1% 1.2% Jupiter Absolute Return I Acc -0.1% 1.0% JPM Unconstrained Bond C Gr Inc -0.2% 0.7% Pimco Global Libor Plus Bond Inst Hedged Acc GBP 0.6% 0.7% IA Global Fundsmith Equity I Acc 0.2% 1.3% Old Mutual Global Equity R Acc GBP 0.6% 1.3% First State Global Listed Infrastructure B Inc -0.6% 1.2% Baillie Gifford Global Alpha Growth B Acc 0.3% 1.0% Artemis Global Select I Acc -0.3% 0.7% IA Mixed Investment 20-60% Shares Investec Cautious Managed I Acc GBP 0.5% 1.1% Kames Ethical Cautious Managed B Acc 0.3% 0.8% AXA Distribution Z Inc 0.4% 0.7% Premier Multi-Asset Distribution C Inc -0.6% 0.6% Premier Multi-Asset Monthly Income C Inc 0.1% 0.5% IA UK Equity Income Artemis Income I Inc 0.8% 1.8% Fidelity Enhanced Income W Inc 0.5% 1.1% Aviva Inv UK Equity Income 2 0.2% 0.8% Standard Life Investments UK Equity Income Unconstrained Ret Platform 1 Inc 0.6% 0.8% Royal London UK Equity Income M Inc -0.1% 0.7% We have recognised an anomaly in reporting in relation to the Aberdeen Asia Pacific & Japan Equity fund. As the first fund to appear alphabetically in the Academy of Funds it experiences a disproportionate number of views. We have therefore removed the fund from the viewing statistics. Page 8 of 19
Top Views Per IA Sector IA Asia Pacific Excluding Japan Invesco Perpetual Asian Z Acc 0.8% 1.4% Jupiter Asian Income I Inc 0.4% 0.6% Matthews Asia Asia Small Companies I GBP 0.1% 0.4% Fidelity Asia W Acc -0.1% 0.2% First State Asia Focus B Acc GBP 0.1% 0.2% IA Europe Excluding UK BlackRock European Dynamic FD Acc 0.6% 0.9% Artemis European Opportunities I Acc -0.1% 0.8% BlackRock Continental European Income D Inc 0.1% 0.7% Jupiter European I Acc 0.4% 0.5% Threadneedle European Select ZNA GBP -0.2% 0.5% IA Sterling Strategic Bond Artemis High Income I Inc 0.2% 1.3% Baillie Gifford Strategic Bond B Inc 0.2% 0.7% Artemis Strategic Bond I Quarterly Inc -0.1% 0.6% Janus Henderson Preference & Bond I Inc -0.3% 0.6% Janus Henderson Strategic Bond I Inc 0.2% 0.4% IA Sterling Corporate Bond Invesco Perpetual Corporate Bond Z Acc -0.1% 0.7% Kames Investment Grade Bond B Inc -0.2% 0.6% TwentyFour Strategic Income AQN GBP 0.5% 0.5% Fidelity Moneybuilder Income Y Dis GBP -0.3% 0.5% Kames Ethical Corporate Bond B Inc 0.3% 0.5% IA Global Emerging Markets Aberdeen Emerging Markets Equity I Acc 0.4% 1.0% MI Somerset Global Emerging Markets B Acc GBP 0.4% 0.4% Fidelity Emerging Markets W Acc -0.2% 0.4% JPM Emerging Markets Income C Acc -0.4% 0.4% RWC Global Emerging Markets R Acc GBP -0.2% 0.4% Page 9 of 19
Top Views Per IA Sector IA Japan Baillie Gifford Japanese B Acc 0.7% 1.5% Baillie Gifford Japanese Income Growth B Inc 1.4% 1.4% Invesco Perpetual Japan Z Acc 0.0% 0.3% Man GLG Japan Core Alpha C Professional Acc -0.1% 0.2% Schroder Tokyo Z Acc -0.1% 0.2% IA Global Equity Income Artemis Global Income I Inc -0.2% 1.7% Newton Global Income Inst W Inc GBP 0.3% 1.2% TB Saracen Global Income & Growth B Dist -0.2% 0.5% Janus Henderson Global Equity Income I Inc -0.7% 0.3% IA Specialist TwentyFour Monument Bond I Gr Inc GBP 0.1% 0.6% Aberdeen Latin American Equity I Acc 0.3% 0.5% Polar Capital Global Insurance F Acc GBP 0.4% 0.5% Stewart Investors Asia Pacific Leaders B Acc GBP 0.3% 0.5% BlackRock Gold & General D Acc -0.2% 0.5% IA North America Artemis US Select I Acc GBP -0.4% 0.8% Dodge & Cox US Stock A GBP 0.2% 0.6% Old Mutual North American Equity R Acc GBP -0.1% 0.5% JPM US Equity Income C Inc 0.1% 0.4% Natixis Loomis Sayles U.S. Equity Leaders N/A GBP -1.3% 0.4% IA Global Bonds AXA Global Short Duration Bonds Z Inc 1.3% 1.8% Legg Mason Brandywine Global Fixed Income X Acc GBP 0.1% 0.8% Standard Life Investments Global Index Linked Bond Ret Platform 1 Acc -0.2% 0.2% Standard Life Investments Short Duration Global Index Linked Bond Platform 1 Acc 0.0% 0.1% Page 10 of 19
Top Views Per IA Sector IA UK Smaller Companies Old Mutual UK Smaller Companies R Acc GBP 0.6% 1.0% Standard Life Investments UK Smaller Companies Ret Platform 1 Acc 0.7% 1.0% Fidelity UK Smaller Companies W Acc 0.6% 0.8% Liontrust UK Smaller Companies I Acc 0.6% 0.6% IA Volatility Managed Rathbone Total Return Portfolio S Acc 0.2% 0.2% IA Asia Pacific Including Japan Aberdeen Asia Pacific & Japan Equity I Acc 0.9% 2.4% Matthews Asia Asia Dividend I Acc GBP 0.1% 0.3% IA Flexible Investment Jupiter Merlin Growth Portfolio I Acc 0.3% 0.4% Premier Multi-Asset Global Growth C Acc -0.1% 0.4% Neptune Global Alpha C Acc -0.4% 0.3% Pyrford Global Total Return B Acc GBP -0.3% 0.2% F&C MM Navigator Select C Acc 0.0% 0.2% IA Mixed Investment 40-85% Shares Jupiter Merlin Balanced Portfolio I Acc 0.5% 0.5% Premier Multi-Asset Growth & Income C Acc 0.1% 0.5% AXA Framlington Managed Balanced Z Acc 0.2% 0.4% F&C MM Navigator Progressive C Acc 0.0% 0.1% Schroder MM Diversity Balanced Z Acc -0.1% 0.0% IA Mixed Investment 0-35% Shares Fidelity Multi Asset Income Y Inc GBP -0.4% 0.7% Jupiter Distribution I Inc -0.1% 0.6% Page 11 of 19
Top Views Per IA Sector IA Europe Including UK BlackRock GF European Focus D2 EUR 0.3% 0.4% Oyster European Selection R EUR 0.3% 0.3% JGF-Jupiter European Growth D Acc GBP 0.3% 0.3% BlackRock GF European Special Situations D2 EUR 0.2% 0.2% JGF-Jupiter European Opportunities D Acc EUR -0.1% 0.1% IA China/Greater China Matthews Asia China Small Companies I Acc USD 0.5% 0.7% First State Greater China Growth B GBP Acc -0.1% 0.4% IA Property Janus Henderson UK Property PAIF I Inc -0.4% 0.3% L&G UK Property I Acc -0.9% 0.3% M&G Property Portfolio I Inc GBP -0.3% 0.2% Standard Life Investments UK Real Estate Platform 1 Inc -0.1% 0.1% IA North American Smaller Companies Artemis US Smaller Companies I Acc GBP 0.2% 0.8% IA Global Emerging Markets Bond M&G Emerging Markets Bond IH Inc GBP 0.6% 0.8% IA Sterling High Yield Baillie Gifford High Yield Bond B Inc -0.2% 0.4% M&G Global Floating Rate High Yield IH Inc GBP 0.2% 0.2% Threadneedle High Yield Bond ZNI GBP -0.1% 0.1% IA Technology & Telecommunications Polar Capital Global Technology I GBP 0.0% 0.7% Page 12 of 19
Top Views Per IA Sector IA UK Index Linked Gilts Royal London Index Linked M Inc 0.0% 0.1% IA European Smaller Companies Barings Europe Select Trust I Inc GBP -0.1% 0.2% F&C European Small Cap ex UK C Acc 0.1% 0.2% F&C European Small Cap A Inc EUR -0.2% 0.1% IA UK Gilts Allianz Gilt Yield C Inc -0.7% 0.2% Royal London UK Government Bond M Inc -0.2% 0.0% Page 13 of 19
Top Views Per Outcome Top 5 Viewed Capital Accumulation Funds LF Woodford Equity Income C Inc GBP -0.6% 1.9% Artemis Income I Inc 0.8% 1.8% Artemis Global Income I Inc -0.2% 1.7% Liontrust Special Situations I Inc 1.0% 1.6% Baillie Gifford Japanese B Acc 0.7% 1.5% Top 5 Viewed Capital Preservation Funds AXA Global Short Duration Bonds Z Inc 1.3% 1.8% Legg Mason Brandywine Global Fixed Income Absolute Return X Hedged Acc GBP 0.9% 1.3% Standard Life Investments Global Absolute Return Strategies Ret Platform 1 Acc 0.1% 1.2% Jupiter Absolute Return I Acc -0.1% 1.0% JPM Unconstrained Bond C Gr Inc -0.2% 0.7% Top 5 Viewed Income Funds LF Woodford Equity Income C Inc GBP -0.6% 1.9% Artemis Income I Inc 0.8% 1.8% AXA Global Short Duration Bonds Z Inc 1.3% 1.8% Artemis Global Income I Inc -0.2% 1.7% Baillie Gifford Japanese Income Growth B Inc 1.4% 1.4% Top 5 Viewed Inflation Protection Funds First State Global Listed Infrastructure B Inc -0.6% 1.2% Legg Mason Brandywine Global Fixed Income X Acc GBP 0.1% 0.8% AXA Distribution Z Inc 0.4% 0.7% Threadneedle Dynamic Real Return ZNA GBP 0.2% 0.5% Schroder MM Diversity Z Acc 0.1% 0.3% We have recognised an anomaly in reporting in relation to the Aberdeen Asia Pacific & Japan Equity fund. As the first fund to appear alphabetically in the Academy of Funds it experiences a disproportionate number of views. We have therefore removed the fund from the viewing statistics. Page 14 of 19
Risk Targeted funds: Top Risk Targeted Fund Views Fund Name Change from Q1 2018 Q2 2018 Views % 1 HSBC Global Strategy Adventurous Portfolio C Acc 5.5% 6.4% 2 7IM AAP Balanced C Acc 3.1% 5.8% 3 HSBC Global Strategy Balanced Portfolio C Acc 4.9% 5.8% 4 7IM AAP Adventurous C Acc -1.0% 5.2% 5 L&G Multi-Index 5 I Acc 2.4% 4.7% 6 Premier Liberation V C Acc 4.1% 4.1% 7 Standard Life Investments MyFolio Managed III Platform 1 Acc -0.9% 4.1% 8 7IM AAP Moderately Adventurous C Acc 2.9% 2.9% 9 7IM AAP Moderately Cautious C Acc 1.6% 2.9% 10 Architas MA Active Dynamic A Acc -0.7% 2.9% 11 7IM Balanced C Acc 2.3% 2.3% 12 HSBC Global Strategy Cautious Portfolio C Acc -0.4% 2.3% 13 HSBC Global Strategy Dynamic Portfolio C Acc 1.0% 2.3% 14 L&G Multi-Index 3 I Acc -0.4% 2.3% 15 Premier Liberation IV C Acc 2.3% 2.3% 16 Premier Liberation VII C Acc 2.3% 2.3% 17 SEI Aggressive Sterling Wealth A GBP -1.3% 2.3% 18 Standard Life Investments MyFolio Managed I Platform 1 Acc 1.0% 2.3% 19 7IM Moderately Adventurous C Acc 1.3% 1.7% 20 HSBC Global Strategy Conservative Portfolio C Acc 0.8% 1.7% 21 L&G Multi-Index 4 I Acc -2.3% 1.7% 22 L&G Multi-Index 6 I Acc 0.4% 1.7% 23 L&G Multi-Index 7 I Acc -0.9% 1.7% 24 Premier Liberation VI C Acc 1.7% 1.7% 25 SEI Conservative Sterling Wealth A Dis GBP -2.7% 1.7% 26 SEI Growth Sterling Wealth A GBP 0.0% 1.7% 27 Standard Life Investments MyFolio Managed V Platform 1 Acc 1.3% 1.7% 28 Standard Life Investments MyFolio Market I Platform 1 Acc 0.4% 1.7% 29 SVS Cornelian Defensive D Acc 0.4% 1.7% 30 7IM Adventurous C Acc 0.3% 1.2% 31 7IM Cautious C Acc 0.7% 1.2% 32 7IM Moderately Cautious C Acc 0.7% 1.2% 33 Architas MA Active Growth A Acc -1.1% 1.2% 34 SEI Balanced Sterling Wealth A GBP -1.1% 1.2% 35 SEI Defensive Sterling Wealth A -1.5% 1.2% Page 15 of 19
Risk Targeted funds: Risk Targeted Views Per Management Group Fund Management Group No. of SM Rated funds Change from Q1 2018 Q2 2018 Views % 1 7IM Investment Funds 42 11.9% 24.4% 2 HSBC Gbl Asset Mgt (HSBC Inv) 32 11.9% 18.6% 3 Standard Life Investments 28-0.8% 16.3% 4 Legal & General UT Mgr Ltd 21-0.8% 12.2% 5 Premier Asset Management 18 10.5% 10.5% 6 SEI Global Asset Funds (IRL) 16-10.4% 9.3% 7 Architas Multi-Manager Ltd 8-10.6% 4.7% 8 Cornelian Asset Managers 7-11.6% 4.1% Page 16 of 19
Passive funds: Top Passive Fund Views Fund Name Change from Q1 2018 Q2 2018 Views % 1 Fidelity Index Emerging Markets P Acc 4.9% 5.6% 2 L&G All Stocks Index Linked Gilt Index Trust I Acc 4.9% 4.9% 3 UBS S&P 500 Index C Acc 3.4% 4.9% 4 ishares Pacific ex Japan Equity Index (UK) D Acc 2.0% 4.2% 5 SSgA Asia Pacific Ex Japan Equity Tracker 0.6% 4.2% 6 Vanguard Global Short-Term Bond Index Hedged Inc GBP 3.5% 4.2% 7 Vanguard Pacific ex-japan Stock Index Acc GBP 2.0% 4.2% 8 Fidelity Index Europe ex UK P Acc 2.0% 3.5% 9 Fidelity Index World P -1.6% 3.5% 10 HSBC Pacific Index C Acc -0.1% 3.5% 11 ishares UK Equity Index (UK) D Acc -0.1% 3.5% 12 L&G International Index Trust I Acc -0.1% 3.5% 13 Vanguard Global Bond Index Hedged Inc GBP 3.5% 3.5% 14 Fidelity Index Pacific ex Japan P Acc 0.6% 2.8% 15 ishares Corporate Bond Index (UK) D Inc -4.4% 2.8% 16 ishares Emerging Markets Equity Index (UK) D Acc -0.8% 2.8% 17 L&G Pacific Index Trust I Acc 0.6% 2.8% 18 Vanguard UK Short-Term Investment Grade Bond Index Inc GBP 2.1% 2.8% 19 Vanguard US Equity Index A -0.1% 2.8% 20 Fidelity Index Japan P Acc 1.4% 2.1% 21 HSBC Japan Index C Acc 2.1% 2.1% 22 Royal London Asia Pacific ex Japan Tracker Z Acc -1.5% 2.1% 23 Vanguard FTSE Developed World ex-uk Equity Index A 2.1% 2.1% 24 Vanguard Japan Stock Index Acc GBP 2.1% 2.1% 25 Vanguard UK Investment Grade Bond Index Inc GBP 2.1% 2.1% 26 Fidelity Index US P -0.1% 1.4% 27 HSBC American Index C Acc 0.7% 1.4% 28 ishares Index Linked Gilt Index (UK) D Acc 0.7% 1.4% 29 ishares Japan Equity Index (UK) D Acc -0.1% 1.4% 30 L&G US Index Trust I Acc -0.8% 1.4% 31 Vanguard Emerging Markets Stock Index Acc GBP -0.1% 1.4% 32 Fidelity Index UK P -4.4% 0.7% 33 HSBC European Index C Acc 0.7% 0.7% 34 HSBC FTSE 100 Index C Acc -0.7% 0.7% 35 HSBC FTSE All Share Index C Acc -1.5% 0.7% Page 17 of 19
Passive funds: Passive Fund Views Per Management Group Fund Management Group No. of SM Rated funds Change from Q1 2018 Q2 2018 Views % 1 Vanguard Group Inc 14 11.4% 25.2% 2 Fidelity International 7 2.9% 19.6% 3 BlackRock 13-8.7% 18.9% 4 Legal & General UT Mgr Ltd 11-9.2% 14.7% 5 HSBC Gbl Asset Mgt 8 1.1% 9.1% 6 State Street Global Advisors 2 0.5% 4.9% 7 UBS Asset Mgmt Funds Ltd 1 3.4% 4.9% 8 Royal London Unit Tst Mgrs Ltd 4-1.6% 2.8% Passive Fund Views Per IA Sector IA Sector Change from Q1 2018 Q2 2018 Views % 1 IA Asia Pacific Excluding Japan 4.2% 23.8% 2 IA North America -0.4% 11.9% 3 IA Global Emerging Markets 4.0% 9.8% 4 IA Japan 5.5% 9.1% 5 IA Global 0.4% 9.1% 6 IA Global Bonds 7.0% 7.7% 7 IA Sterling Corporate Bond -8.2% 7.7% 8 IA UK All Companies -11.8% 7.0% 9 IA UK Index Linked Gilts 4.8% 6.3% 10 IA Europe Excluding UK -3.8% 5.6% 11 IA UK Gilts -1.5% 1.4% 12 IA Unclassified 0.0% 0.7% Page 18 of 19
Get in touch If you have any questions regarding the information contained within this document, get in touch Stephanie Bone Head of Marketing stephanie.bone@squaremileresearch.com 020 3709 2871 Source: Square Mile Academy of Funds as at 30th June 2018 This report is for the use of professional clients only (who are deemed to be professional clients under the FCA rules). It is issued and published by, and remains the copyright of, Square Mile Investment Consulting & Research Limited ( SMICR ). SMICR makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This information represents the views and forecasts of SMICR at the date of issue but may be subject to change without reference or notification to you. This report shall not constitute or be deemed to constitute an invitation or inducement to any person to engage in investment activity. Should you undertake any investment activity based on information contained herein, you do so entirely at your own risk and SMICR shall have no liability whatsoever for any loss, damage, costs or expenses incurred or suffered by you as a result. SMICR does not accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.