Liontrust and GAM have retained their Square Mile fund ratings despite the takeover deal of the Swiss asset manager.
Square Mile's analysts said Liontrust intended to retain GAM's underlying investment teams, meaning that the funds are unlikely to be materially impacted by the deal and may benefit from a larger distribution footprint and marketing capability. The Swiss firm retained its A ratings on the GAM Star Continental European Equity fund and GAM Star Japan Leaders fund alongside 12 Liontrust funds, seven of which were within its Sustainable Future range. GAM chair reiterates Liontrust deal recommendation as shareholders approve all proposals In its monthly ratings round-up, Square Mile...
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