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Kames UK Equity Absolute Return

Ranked 15 out of 22 in - Market Neutral over 12 months
All calculations are in GBP unless stated

Managed by

David Griffiths

David Griffiths was an investment manager at Kames Capital, having also worked as a Sector Fund Manager for the British Steel Pension Fund until 2000. Griffiths co-managed the Kames UK Equity Absolute Return fund with David Pringle, and the pair aimed to achieve low volatility and a positive absolute return over twelve months, irrespective of market conditions. Griffiths holds a degree in Aeronautical Engineering, which he studied at the University of Bristol.

Malcolm McPartlin

Malcolm McPartlin is an investment manager in the UK Equities team, with responsibility for co-managing the Kames UK Equity Absolute Return Fund and Kames Equity Market Neutral Funds. He has analysis responsibilities for the mining, media sectors and UK Equity Strategy. Malcolm joined Kames Capital in 2003 from Scottish Equitable where he was an assistant business analyst. He studied financial services at Napier University.

David Pringle

David Pringle is an investment manager in the UK Equities team, with responsibility for co-managing the Kames UK Equity Absolute Return Fund and Kames Equity Market Neutral Funds. In addition, David’s analysis duties are in the aerospace & defence, pharmaceuticals, chemicals and healthcare sectors. He joined Kames Capital in 2001 from WM Company, where he spent four years as a research assistant writing reports on risk, ethical investing and pension fund structures. David studied financial services at Glasgow Caledonian University, and has the SII Diploma in Derivatives.

Objective

To achieve a positive absolute return over a 12 month period in all market conditions by investing principally in a portfolio of equities and equity-related securities (including Contracts for Difference and other derivatives) of companies based in the UK, principally conducting business in the UK or listed on the UK stock market. Cash and near cash will be held, and the fund may also invest in other transferable securities (for example, bonds and other public and government securities), permitted money market instruments, permitted deposits and units in collective investment schemes.

Showing fund performance in United Kingdom View performance globally

Performance

Market Neutral over : 30/06/2016 - 30/06/2017
  • Rank 15/22 Total Return
  • Rank 8/22 Standard Deviation
  • Rank 11/22 Max Drawdown
Fund Name Currency Return
13 KLS Zebra Global Equity Beta Neutral SI GBP GBP

-0.9%

14 Man GLG European Alpha Alternative DN H GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.2%

15 Kames UK Equity Absolute Return B Acc GBP

-2.0%

16 Kames Equity Market Neutral B Acc GBP GBP

-2.0%

17 RAM (Lux) SF-Long/Short Emerging Mkts Eq Y GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.2%

Fund Name Currency Risk
6 MLIS Marshall Wace TOPS UCITS (Mkt Ntrl) GBP B Acc GBP

1.8

7 Kames Equity Market Neutral B Acc GBP GBP

2.4

8 Kames UK Equity Absolute Return B Acc GBP

2.5

9 OYSTER Market Neutral R GBP HP PF

Currency exposure is hedged

Currency exposure is hedged

GBP

3.1

10 Man GLG European Equity Alternative IN H GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

3.5

Fund Name Currency Loss
9 Old Mutual Global Equity Abs Return GBP A Acc Hdgd

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.4%

10 Kames Equity Market Neutral B Acc GBP GBP

-3.3%

11 Kames UK Equity Absolute Return B Acc GBP

-3.3%

12 RAM (Lux) SF-Long/Short European Equities Y GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.4%

13 KLS Zebra Global Equity Beta Neutral SI GBP GBP

-3.5%

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 -0.9% -2.0%
2016 -3.1% -0.8% -3.3% 1.3% -0.4%
2015 2.5% 1.1% 0.8% -0.4% 1.0%
2014 4.2% 0.2% -0.4% 3.2% 1.2%
2013 6.1% 1.9% 2.7% -0.9% 2.3%
2012 1.6% 0.5% 0.8% -0.1% 0.4%
2011 4.3% 0.2% 1.4% 1.7% 1.0%
2010 1.1% 0.6% 0.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/04/2017

Top 10 Holdings

Stock Size
Time/Term Deposits General Security 52.25
United Kingdom 0.000% 19-Jun-2017 10.13
United Kingdom 0.000% 15-May-2017 9.42
Lloyds Bank Plc CD 4.04
BARCLAYS BANK PLC, LONDON 0.000% 13-Jun-2017 4.04
CREDIT AGRICOLE INDOSUEZ, FRANCE 0.000% 07-Jun-2017 4.04
ING BANK N.V., AMSTERDAM 0.000% 07-Jun-2017 4.04
United Kingdom 0.000% 25-Sep-2017 3.23
Bpce SA 0.000% 06-Jun-2017 2.69
Banque Federative du Credit Mutuel SA 0.000% 01-Aug-2017 2.69
30/04/2017

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/02/2010
  • Share Class size288Mn
  • Base currencyGBP
  • ISIN GB00B4XS8040

Purchase Info

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

Charges

  • Annual management0.80%
  • Initial investment0

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