Kames Capital reduces charge on Diversified Income Fund
Kames Capital is to reduce the annual management charge on the Kames Diversified Income Fund.
The move which will take effect from 1st November 2015 will see the AMC reduced to 0.55% from 0.65% on the fund’s ‘B’ Share Class.
The Kames Diversified Income Fund, run by Vincent McEntegart, is aimed at both institutional and retail investors seeking an attractive sustainable level of income with the potential for capital growth over the medium term, through a diversified portfolio of bonds, equities and alternatives.
The fund which has a current yield of 5.70%* and was launched in February 2014, is currently ranked first quartile over one year with a return of 5.43% compared to its sector median of -2.67%.**
The move follows feedback from investors and is in line with a general move within the market towards clean share classes.
Kames’ director of wholesale business Steve Kenny says: ‘With the recent changes announced by the Government capping fees on pension pots to 0.75% from April this year we believe this move makes the fund extremely attractive to pension investors or anyone seeking an attractive income. Not only are the charges now highly competitive, it also has excellent performance and should now be able to capture the market share it deserves.’