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Kames Absolute Return Bond B GBP Acc

Ranked 13 out of 14 in - Absolute Return over 12 months
All calculations are in GBP

Managed by

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.

Colin Finlayson

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 : 31/08/2013 - 31/08/2014
  • Rank 13/14 Total Return
  • Rank 1/14 Standard Deviation
  • Rank 4/14 Max Drawdown
Fund Name Return
10 Carmignac Pfl Capital Plus F GBP acc Hdg

Currency exposure is hedged

Currency exposure is hedged

3.8%

11 Schroder Absolute Return Bond A Inc

Currency exposure is hedged

Currency exposure is hedged

3.7%

12 PIMCO GIS Unconstrained Bond Inst GBP Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

2.6%

13 Kames Absolute Return Bond B GBP Acc

2.2%

14 Goldman Sachs Strat Abs Rtn Bond I Pf Base GBP-H

Currency exposure is hedged

Currency exposure is hedged

1.9%

Fund Name Risk
1 Kames Absolute Return Bond B GBP Acc

0.2

2 Newton Global Dynamic Bond GBP Inc

0.3

3 Carmignac Pfl Capital Plus F GBP acc Hdg

Currency exposure is hedged

Currency exposure is hedged

0.3

4 JPM Global Strategic Bond B Dis GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

0.4

4 Goldman Sachs Strat Abs Rtn Bond I Pf Base GBP-H

Currency exposure is hedged

Currency exposure is hedged

0.4

Fund Name Loss
3 Newton Global Dynamic Bond GBP Inc

-0.1%

4 Kames Absolute Return Bond B GBP Acc

-0.1%

5 JPM Global Strategic Bond B Dis GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

-0.2%

6 ACPI Global Fixed Income UCITS C GBP

Currency exposure is hedged

Currency exposure is hedged

-0.3%

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 1.6% 0.6% 0.6% 0.4%
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% 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 size433Mn
  • Base currencyGBP
  • ISIN IE00B6SPX874

Purchase Info

  • Min. initial investment500
  • Min. additional investment500

Charges

  • Annual management0.6%
  • Initial investment0

Related News

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).