London – Kames Capital has won a string of multi-asset mandates from a number of local authorities.
The multi-asset mandates, totalling just under £30 million, have been awarded to the £522m Kames Diversified Monthly Income Fund. The fund, which aims to provide a target income of 5% per annum with a total return target of 7 to 8% pa, invests in a diverse portfolio of asset classes including corporate bonds, equities, listed property and specialist income.
The mandates from six local authorities’ Treasury teams, include Bedford Borough Council, Folkestone & Hythe District Council, Dartford Borough Council and Scottish Borders Council.
Commenting on the recent wins, Kames Capital’s head of UK institutional business Jill Johnston says: “It is great news that Kames Capital is being recognised by these local authority Treasury teams for our multi-asset expertise. These mandates are a further endorsement of the successful strategy employed by Vincent McEntegart and Jacob Vijverberg the co-managers of the Kames Diversified Monthly Income Fund, which has a historic yield of 5.13%.”*