Kames Capital is to reduce the annual management charge on the Kames UK Equity Fund.
The move, which will take effect from 1 April 2016 will see the AMC reduced to 0.60% from 0.75% on the fund’s ‘B’ Share Class.
The £269.3m* Kames UK Equity Fund is managed by Stephen Adams and Philip Haworth who have a combined experience of over 40 years. It is aimed at retail clients seeking an attractive total return through a portfolio of equities and equity type securities in companies based in the UK and principally conducting business in the UK or listed on the UK stock market.
The fund, which launched in August 1985, has returned 21.1% over 3 years, 34.6% over five years and 84.5% over 10 years.**
The reduction in the Kames UK Equity fund’s AMC has been made following a review and brings it in line with its competitors.
Steve Kenny, director of wholesale at Kames Capital says: “We regularly review our funds to ensure they remain competitive in the wider market and that our investors receive value for money. We believe that the performance of the Kames UK Equity fund, coupled with the experience of its management team and its new competitive charge makes it an extremely attractive proposition for clients.”
*Kames Capital as at 29 February 2016.
**Source: Lipper, NAV to NAV, GBP, as at 29 February 2016. Figures are ’cumulative percentage growth’ (%), total return excluding Initial charges, net of Annual management charge, net of Basic Rate Tax. All figures are noon prices. B (Acc) shares. Past performance is not a guide to future returns.