Artemis European Opportunities has lost its Academy of Funds rating following a review period sparked by the departure of co-manager Mark Page last October, the third offering from the asset manager to lose its rating in two months.
While analysts at Square Mile - which carried out the ratings - said that sole manager Laurent Millet had "refined parts of the investment process", their conviction in the strategy had "waned" and they could no longer support its A rating. Square Mile removes Artemis funds ratings following senior departures Schroder Global Cities Real Estate fund entered the Acadaemy of Funds for the first time, achieving a Responsible A rating. Analysts said the managers had "identified an attractive opportunity within the global real estate market and built an impressive investment process to expl...
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