Kames launches Global Diversified Growth Fund
Kames Capital is launching a global diversified growth fund aimed at maximising total return (income plus capital) over the medium term (three to five years).
The Kames Global Diversified Growth Fund, which is domiciled in Dublin, will be managed by Colin Dryburgh from Kames’ multi-asset team, who currently runs the UK-domiciled version of the fund.
The Kames Global Diversified Growth Fund will combine top-down macroeconomic views with bottom-up stock selection to create a well-diversified, outcome-focused fund comprised typically of 100 to 200 holdings. The fund’s investment universe will include investment grade and high yield bonds, global equities, listed property and listed alternatives – including infrastructure, asset leasing and renewables. The fund manager will allocate a percentage of the fund to these asset classes depending on Kames’ macro-economic outlook and its evaluation of how it expects each asset class to perform.
The £288 million UK-domiciled version, the Kames Diversified Growth Fund has delivered an annualised return after fees of 5.08% since its mandate change in September 2013 with 6.85% volatility.1
The fund will be available in the UK, Austria, Belgium, Germany, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Spain, Sweden and Switzerland.2 Its base currency will be Euro, but there will also be US dollar, sterling, Swiss franc and Swedish krona share classes. The fund’s ‘B’ share class will have an AMC of 0.55%.
Stephen Jones, chief investment officer at Kames Capital said: “The launch of the Kames Global Diversified Growth Fund will enable a wider audience to access the expertise of our highly experienced Multi Asset Group (MAG) and proven asset allocation process.”