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Kames UK Equity Absolute Return

Ranked 14 out of 22 in - Market Neutral over 12 months
All calculations are in GBP unless stated

Managed by

David Griffiths

David Griffiths is an investment manager at Kames Capital, having previously worked as a Sector Fund Manager for the British Steel Pension Fund until 2000. Griffiths co-manages the Kames UK Equity Absolute Return fund with David Pringle, and the pair aim 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

David Pringle

As an investment manager for Kames Capital, David Pringle is jointly responsible for the firm’s Kames UK Equity Absolute Return Fund alongside David Griffiths. The fund follows a market-neutral, absolute return strategy with an emphasis on stock selection, whilst also taking a top-down perspective. Pringle joined Kames in 2001, having previously worked for WM Company as a research assistant. He is a CFA charter holder and graduated with a degree in Financial Services from Glasgow Caledonian University.

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 : 31/10/2015 - 31/10/2016
  • Rank 14/22 Total Return
  • Rank 11/22 Standard Deviation
  • Rank 10/22 Max Drawdown
Fund Name Currency Return
12 Man GLG Alpha Select Alternative DN GBP GBP

-1.1%

13 Kames Equity Market Neutral B Acc GBP GBP

-1.1%

14 Kames UK Equity Absolute Return B Acc GBP

-1.4%

15 Julius Baer EF Absolute Return Europe Eq-GBP Bh

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.9%

16 Kames Equity Market Neutral Plus B GBP Acc GBP

-2.9%

Fund Name Currency Risk
9 Kames Equity Market Neutral B Acc GBP GBP

3.7

9 AC - Risk Parity 7 Fund GBP A

Currency exposure is hedged

Currency exposure is hedged

GBP

3.7

11 Kames UK Equity Absolute Return B Acc GBP

3.8

12 Man GLG European Equity Alternative IN H GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

5.1

13 DB Platinum IV GAM Abs Ret Europe Eq I2C-G GBP

5.2

Fund Name Currency Loss
8 Man GLG European Alpha Alternative DN H GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.8%

9 Kames Equity Market Neutral B Acc GBP GBP

-3.8%

10 Kames UK Equity Absolute Return B Acc GBP

-4.0%

11 Julius Baer EF Absolute Return Europe Eq-GBP Bh

Currency exposure is hedged

Currency exposure is hedged

GBP

-4.1%

12 Man GLG Alpha Select Alternative DN GBP GBP

-5.0%

Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 -0.8% -3.3% 1.3%
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

31/08/2016

Top 10 Holdings

Stock Size
Time/Term Deposits General Security 61.61
United Kingdom 0.000% 26-Sep-2016 7.47
United Kingdom 0.000% 05-Sep-2016 6.07
Mizuho Crp Bk LN 0.620% 19-Sep-2016 3.47
ABN AMRO BANK NV 65.000% 01-Dec-2016 3.47
Shire Plc CFD 2.83
Banque Federative du Credit Mutuel SA 0.000% 19-Oct-2016 2.77
ING BANK NV Amsterdam 09-Dec-2016 2.61
United Kingdom 0.000% 31-Oct-2016 2.60
BAE Systems Plc CFD 2.37
31/08/2016

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/02/2010
  • Share Class size580Mn
  • 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).