Kames Capital launches S$ Share Class for bond fund
London-based Kames Capital has launched a Singapore Dollar share class for the Kames Strategic Global Bond Fund following investor demand.
The fund, managed by David Roberts and Phil Milburn, has a mandate to invest in bonds on a global basis. It does not target foreign exchange as a source of apha generation and reduces currency risk by hedging it back to the base currency.
Kames believes that there is a growing opinion among investors that the Singapore Dollar is going to be one of the strongest currencies in 2013 and many are looking at ways to gain exposure.
Roberts says: “With the opening of this share class our investors are able to place their bets on SGD appreciation yet still gain exposure to diversified global bond markets…and because we allow our investors the ability to switch from one currency share class to another, several of our sophisticated clients have already used the fund to express their own foreign exchange views.”
The Kames Strategic Global Bond Fund is ranked first quartile over one, three and five years and is part of a Kames offshore range of bond funds. The range also includes the Kames Investment Grade Global Bond Fund which is first quartile over one and five years and second over three, and the Kames High Yield Global Bond Fund which is first quartile over three and five years.*
The fund is now available in Singapore Dollars, UK Sterling, Euros, Japanese Yen, Swiss Francs and US Dollars,. The fund is available to investors in UK, Austria, the Channel Islands, Germany, Ireland, Luxembourg, Malta, The Netherlands and Switzerland.
Kames Capital is a specialist investment management company with £52bn in assets under management in fixed income, equity, property and multi-asset investments for individual and institutional investors in the UK, Europe and Asia.