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Kames Investment Grade Bond

Ranked 9 out of 109 in - Sterling Corporate Bond 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.

Euan McNeil

Euan McNeil is an investment manager at Kames Capital, where he specialises in investment grade credit. McNeil joined Kames from Resolution Asset Management in 2003, and now co-manages a number of bond funds. He runs the Kames Investment Grade Bond fund with Stephen Snowden, and the duo favour a flexible mandate, allowing for both a top-down and a bottom-up investment strategy. Their pragmatic approach to investing in terms of exposure and interest rates allows the fund to add value in all market conditions. McNeil holds an MSc in Investment Analysis from Stirling University, and enjoys playing golf when not in the office.

Objective

The primary investment objective is to maximise total return (income plus capital) by investing primarily in investment grade and government bonds denominated in sterling and other currencies. The fund may hold a maximum of 20% in high yield bonds and may also hold cash. A minimum of 80% of fund will be hedged back to sterling. The fund may make use of derivatives for investment purposes or to enhance efficient portfolio management.

Performance

Sterling Corporate Bond over : 31/07/2013 - 31/07/2014
  • Rank 9/109 Total Return
  • Rank 26/109 Standard Deviation
  • Rank 14/109 Max Drawdown

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 6.2% 3.0% 2.8% 0.4%
2013 3.2% 2.3% -2.8% 2.4% 1.2%
2012 17.5% 4.8% 1.3% 7.1% 3.3%
2011 6.1% 2.5% 1.1% -1.3% 3.7%
2010 8.3% 4.7% 0.0% 5.9% -2.3%
2009 24.9% -4.6% 11.9% 13.7% 2.9%
2008 -11.8% -3.0% -2.4% -5.5% -1.4%
2007 0.6% 0.1% -1.9% 0.1% 2.3%
2006 2.8% 2.9% 0.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date01/06/2006
  • Share Class size815Mn
  • Base currencyGBP
  • ISIN GB00B141C763
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment2Mn
  • Min. additional investment10,000

Charges

  • Annual management0.8%
  • Initial investment0

Related News

Corporate credit yields under pressure as liquidity risk rises

As banks exit their traditional broker dealer roles, liquidity risk is rising alarmingly.

Snowden: 11th hour QE can save Europe

Liquidity is minimal and risks abound, but corporate bonds on the continent will rebound when politicians get there act together, says Kames bond fund manager Stephen Snowden.

Aegon hands Snowden investment grade bond fund

Stephen Snowden will replace David Roberts as as co-manager on the fund and will also take joint responsibility of the firm's investment grade global bond funds.

McNeil replaces Milburn on Aegon Ethical bond fund

Euan MacNeil joins forces with Iain Buckle at the helm of the £195 million bond fund and will also assist David Roberts in the running of the firm's Investment Grade Bond fund.

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