Kames Capital to rebrand global multi-asset fund

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UK specialist investment management business Kames Capital has announced plans to rebrand its Inflation Linked fund as the Kames Diversified Growth fund.

The new name of the fund is expected to take effect as of 27 April 2015. It aims to better reflect the fund’s underlying strategy, to help investors to better understand its objectives and help them position it relative to its competitors.

The global multi-asset fund, managed by Colin Dryburgh and Scott Jamieson is exposed to a wide range of assets, including equities, bonds and alternatives. Total return performance targeted is at least +4% per year over the medium term.

Dryburgh said : ‘The fund is currently positioned with a strong exposure to equities, implemented through companies that have a proven record of delivering strong dividends. We also have a currency-hedged position in Japanese equities, where economic policy is supportive of corporate profitability.

“Our bond portfolio includes exposure to currency-hedged Australian 10-year bonds, where we expect lower interest rates as investment levels in the mining sector collapse.

“We also maintain a healthy exposure to alternative investments, which offer attractive risk/return characteristics and enhance portfolio diversification. Our currency allocation continues to favour the US dollar, which we expect to benefit from the policy polarisation between the US and the rest of the world,” he added.

Jamieson, also head of Multi-Asset Investing at Kames Capital, commented that the fund  “delivered a total return of 9.98% in 2014 and has begun 2015 strongly, returning 5.49% in the first three months of the year after all fees.”

Kames Capital has offices in London and Edinburgh.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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