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Kames Absolute Return Bond B GBP Acc

Ranked 10 out of 15 in - Absolute Return over 12 months
All calculations are in GBP

Managed by

Colin Finlayson

Stephen Snowden

Born in December 1971 in Lisburn, Northern Ireland, fixed income investor Stephen Snowden gained a BSc and an MSc in finance from Belfast University. He joined Aegon shortly afterwards and impressed in a four-year spell as a US analyst. He was subsequently moved into the corporate bond team and took responsibility for a wide range of investments when he was promoted to head of retail fixed income in 2002. On his Aegon Extra Income fund he delivered impressive returns and a high yield. Snowden joined Old Mutual Asset Management to manage the Old Mutual Corporate Bond following Richard Woolnough’s move to M&G Investments and took charge of the fund in February 2004. He then rejoined Aegon (now Kames Capital) in July 2011, and runs the Kames Absolute Return Bond Fund.

Objective

The investment objective of the Fund is to generate positive absolute returns for investors over a rolling 3 year period irrespective of market conditions. The Fund will seek to achieve its investment objective by investing in global debt instruments in any currency, ranging from AAA Government Bonds through to high yield and emerging market bonds. The Fund may invest in all types of fixed and floating rate fixed income securities.

Performance

Absolute Return over : 30/11/2013 - 30/11/2014
  • Rank 10/15 Total Return
  • Rank 1/15 Standard Deviation
  • Rank 1/15 Max Drawdown
Fund Name Return
8 Newton Global Dynamic Bond GBP Inc

2.5%

9 JPM Global Strategic Bd B (perf) Dis GBP Hgd

Currency exposure is hedged

Currency exposure is hedged

2.2%

10 Kames Absolute Return Bond B GBP Acc

2.1%

11 BlueBay Invest Grade Abs Rtn Bd D GBP

Currency exposure is hedged

Currency exposure is hedged

2.0%

12 BNY Mellon Absolute Return Bond Strling I Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

1.5%

Fund Name Risk
1 Kames Absolute Return Bond B GBP Acc

0.1

2 Carmignac Pfl Capital Plus F GBP acc Hdg

Currency exposure is hedged

Currency exposure is hedged

0.3

3 Newton Global Dynamic Bond GBP Inc

0.4

4 ACPI Global Fixed Income UCITS C GBP

Currency exposure is hedged

Currency exposure is hedged

0.4

4 BNY Mellon Absolute Return Bond Strling I Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

0.4

Fund Name Loss
1 Kames Absolute Return Bond B GBP Acc

-0.1%

2 Invesco Global Unconstrained Bond A Acc GBP

-0.2%

3 ACPI Global Fixed Income UCITS C GBP

Currency exposure is hedged

Currency exposure is hedged

-0.3%

4 Carmignac Pfl Capital Plus F GBP acc Hdg

Currency exposure is hedged

Currency exposure is hedged

-0.4%

5 PIMCO GIS Unconstrained Bond Inst GBP Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

-0.7%

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 0.6% 0.6% 0.6%
2013 1.7% 0.6% 0.3% 0.3% 0.5%
2012 2.1% 0.6% 0.2% 0.9% 0.5%
2011 1.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Guernsey
  2. Ireland
  3. Jersey
  4. Luxembourg
  5. Malta
  6. Netherlands
  7. Switzerland
  8. United Kingdom

Fund Info

  • Launch date30/09/2011
  • Share Class size883Mn
  • Base currencyGBP
  • ISIN IE00B6SPX874

Purchase Info

  • Min. initial investment500
  • Min. additional investment500

Charges

  • Annual management0.6%
  • Initial investment0

Related News

Kames Capital to launch two market neutral equity funds

Kames Capital is to launch two market neutral funds as it looks to broaden its absolute return suite of products.

Kames’ Snowden hits out at ‘multi-asset’ corporate bond funds

The manager said he will not invest in equities, even when bonds face a tough macro environment.

Retail bonds: a good deal or too risky?

The growing trend of corporate bonds being sold at retail has seen several well-known firms raise more than £1.4 billion from private investors, but are they a good deal?

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).