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Kames Investment Grade Bond

Ranked 14 out of 119 in - Sterling Corporate Bond over 12 months
All calculations are in GBP unless stated

Managed by

Euan McNeil

Euan McNeil is an investment manager in the fixed income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined Kames Capital in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied international business and French at the University of Strathclyde and has an MSc in investment analysis from the University of Stirling. Outside of work he enjoys golf.

Stephen Snowden

Stephen Snowden is head of credit in the fixed income team. He specialises in investment grade credit and co-manages two investment grade bond funds and an absolute return bond fund. He rejoined Kames Capital in July 2011 from Old Mutual Asset Management where he managed the Corporate Bond Fund. Stephen started his career with Kames Capital in 1994, initially focusing on equities before moving to the fixed income team to manage corporate bond funds. He has a first class honours degree BSc Finance and an MSc Finance from Queens University Belfast.


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.

Showing fund performance in United Kingdom View performance globally


Sterling Corporate Bond over : 31/03/2017 - 31/03/2018

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -1.7%
2017 6.9% 2.3% 1.4% 0.8% 2.4%
2016 9.1% 2.2% 3.0% 6.2% -2.4%
2015 1.9% 3.7% -3.0% 0.9% 0.4%
2014 11.6% 3.0% 2.8% 1.6% 3.9%
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 2.9% 0.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date01/06/2006
  • Share Class size1,460Mn
  • Base currencyGBP
  • ISIN GB00B141C763

Purchase Info

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


  • Annual management0.75%
  • Initial investment0

Related News

Kames's Snowden: 'I'm still the industry's youth policy'

Kames Capital's new co-head of fixed income Stephen Snowden discusses the lack of new talent coming through in the industry and how his promotion will affect his day to day role.

Kames bond bosses Milburn and Roberts exit

Phil Milburn and David Roberts have left Kames Capital as the firm appoints new fixed income co-heads amid a series of changes.

Kames's Snowden: 'There is no bond bubble'

Kames Capital’s Stephen Snowden says corporate bonds are ‘expensive’, but are not in bubble territory.

Snowden: Spike in transactions does not equate to liquidity rush

Viewing the surge in fixed income trading volumes as an indication of improving liquidity is ‘dangerous’, warns Kames Capital’s AA-rated Stephen Snowden.

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.

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