UK's Kames Capital Rolls Out Global Diversified Growth Fund

Tom Burroughes

8 June 2016

Anglo-Scottish investment house is launching a global diversified growth fund aimed at maximising total return over a three- to five-year period.

Called the Kames Global Diversified Growth Fund, the Dublin-domiciled fund will be managed by Colin Dryburgh from Kames’ multi-asset team, who currently runs the UK-domiciled version of the fund.

The fund mixes insights from macroeconomic views and specific stock selection. It will typically hold anywhere from 100 to 200 holdings; the universe of investments includes investment-grade and high-yield bonds, global equities, listed real estate and listed alternatives, including infrastructure, asset leasing and renewables.

The £288 million ($419.1 million) UK-domiciled version, the Kames Diversified Growth Fund, has delivered an annualised return after fees of 5.08 per cent since its mandate change in September 2013, with 6.85 per cent volatility, Kames said in a statement yesterday.

The fund will be available in the UK, Austria, Belgium, Germany, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Spain, Sweden and Switzerland. Its base currency will be the euro. There will also be dollar, sterling, Swiss franc and Swedish krona share classes. The fund’s B share class will have an annual management charge of 0.55 per cent.

Kames Capital is based out of London and Edinburgh. It manages £57.8 billion for UK and international clients – including pension funds, government agencies, financial institutions, wealth managers, family offices and financial advisors.