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Kames Strategic Bond Acc A

Ranked 44 out of 58 in - Sterling Strategic Bond over 12 months
All calculations are in GBP

Managed by

Philip Milburn

Philip Milburn has spent the entirety of his financial career at Kames Capital (formerly AEGON). He constructs a portfolio of between 40 and 60 holdings for his Kames High Yield Bond fund and invests in bonds and only bonds for the High Yield Bond fund. Earlier in his career Milburn spent a year on secondment to Latin American equities and worked as Global Telecoms Coordinator at the group. Born in Nottingham in 1974, Milburn holds a first class masters degree in economics from Edinburgh University. He is a keen sportsman who enjoys squash, 5-a-side football and skiing.

David Roberts

Born in 1966, David Roberts graduated in Economics and Industrial relations from Strathclyde University and completed an MSc in Investment Analysis from Stirling University. He joined TSB Scotland in 1988 before moving to Bankers Trust and ran the treasury operation for the firm's global custody business. A year later Lloyds TSB snapped him up to play a front office role in which he was primarily responsible for the expansion of institutional business. In 1997 he was recruited to develop in house credit systems at Britannic and in 2001 was appointed head of credit at the company. Roberts left Britannic to join Scottish rivals Aegon (now Kames Capital) as head of retail fixed income in March 2004. The Kames Sterling Corporate Bond fund invests predominantly in UK fixed interest, while the Kames Strategic Global Bond fund invests in bonds from around the world.

Objective

The primary investment objective is to maximise total return (income plus capital) by investing in global debt instruments denominated in any currency, ranging from AAA Government Bonds through to high yield and emerging market corporate bonds. At least 80% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

Performance

Sterling Strategic Bond over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 3.6% 2.2% 1.7% -0.2%
2013 4.2% 2.5% -1.9% 1.4% 2.2%
2012 15.5% 6.2% 0.7% 5.0% 2.9%
2011 0.4% 3.9% 0.2% -5.1% 1.5%
2010 8.8% 5.4% -1.1% 5.5% -1.1%
2009 39.4% -5.2% 21.0% 17.6% 3.3%
2008 -16.1% -0.5% -2.4% -8.6% -5.5%
2007 -0.6% 0.9% -0.7% -0.3% -0.4%
2006 3.1% 0.3% -1.3% 3.4% 0.8%
2005 8.8% 0.8% 3.8% 2.0% 1.9%
2004 10.8% 2.0% -2.7% 6.2% 5.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date16/12/2003
  • Share Class size683Mn
  • Base currencyGBP
  • ISIN GB0033988543

Purchase Info

  • Min. initial investment500
  • Min. additional investment50

Charges

  • Annual management1.3%
  • Initial investment1.5

Related News

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The fixed income veteran says some European firms are ‘abusing’ bond markets by using questionable debt structures.

Kames bond boss: Yellen’s rate rise hint is a reality check

The new Fed chair’s suggestion of earlier-than-expected hikes is a clever ploy to contain runaway optimism, says David Roberts.

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Kames Strategic Bond fund manager Phil Milburn has taken profits on his emerging market debt short, but is on a watching brief to put the trade back on.

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How big is the high yield risk in strategic bond funds?

The tightening of spreads has caused strategic bond fund managers to bulk up their allocation to high yield in search of more yield, but is the credit risk worth the reward?

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As investors herd towards high yield bonds questioned must be asked about the level of risk in strategic bond funds.

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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.

...more...

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