Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Kames UK Equity Absolute Return

Ranked 23 out of 25 in - Market Neutral over 12 months
All calculations are in GBP unless stated

Managed by

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 : 31/10/2016 - 31/10/2017
  • Rank 23/25 Total Return
  • Rank 8/25 Standard Deviation
  • Rank 15/25 Max Drawdown
Fund Name Currency Return
21 RAM (Lux) SF-Long/Short Emerging Mkts Eq Y GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.5%

22 AC - Risk Parity 7 Fund GBP A liq

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.6%

23 Kames UK Equity Absolute Return B Acc GBP

-2.7%

24 Kames Equity Market Neutral B Acc GBP GBP

-3.0%

25 Kames Equity Market Neutral Plus B GBP Acc GBP

-6.1%

Fund Name Currency Risk
6 GAM Multistock - Absolute Return Europe Eq-GBP Bh

Currency exposure is hedged

Currency exposure is hedged

GBP

1.8

6 Kames Equity Market Neutral B Acc GBP GBP

1.8

8 Kames UK Equity Absolute Return B Acc GBP

2.1

9 MLIS Marshall Wace TOPS UCITS (Mkt Ntrl) GBP B Acc GBP

2.1

10 OYSTER Market Neutral R GBP HP PF

Currency exposure is hedged

Currency exposure is hedged

GBP

2.4

Fund Name Currency Loss
13 RAM (Lux) SF-Long/Short Emerging Mkts Eq Y GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.1%

14 Kames Equity Market Neutral B Acc GBP GBP

-3.3%

15 Kames UK Equity Absolute Return B Acc GBP

-3.5%

16 BMO Global Equity Mkt Neutr (SICAV) F Acc GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.7%

17 AC - Risk Parity 12 Fund GBP A GBP

-3.8%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 -0.9% -2.0% 0.6%
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

30/06/2017

Top 10 Holdings

Stock Size
Time/Term Deposits General Security 64.24
United Kingdom 0.000% 21-Aug-2017 13.05
United Kingdom 0.000% 14-Aug-2017 6.93
United Kingdom 0.000% 25-Sep-2017 4.16
Banque Federative du Credit Mutuel SA 0.000% 01-Aug-2017 3.47
Bpce SA 0.000% 08-Sep-2017 3.46
Nationwide Building Society CD 2.77
WM Morrison Supermarkets PLC CFD 2.41
Informa PLC CFD 2.32
Relx PLC CFD 2.29
30/06/2017

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/02/2010
  • Share Class size146Mn
  • Base currencyGBP
  • ISIN GB00B4XS8040

Purchase Info

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

Charges

  • Annual management0.80%
  • Initial investment0

Related News

Lifeboats on the Titanic: is there enough absolute return capacity?

As the markets becomes more skittish, can the absolute return favourites handle a stampede of cash? 

Kames to review three funds 'fast approaching' max capacity

The Kames UK Equity Absolute Return, Equity Market Neutral and Equity Market Neutral funds have all seen 'significant' inflows.

Kames launches two absolute return funds

Kames Capital unveils two absolute return funds

Is Jeremy Grantham right? How to navigate the beta desert

Renowned strategist Jeremy Grantham’s recent observations that investors could find they are lost in a ‘beta desert’ has rung true with a raft of investors.

Kames Capital to launch two market neutral equity funds

Kames Capital is to launch two market neutral funds as it looks to broaden its absolute return suite of products.

Lloyds to raise TSB float price to cash in on demand

Lloyds Banking Group could raise the float price of TSB shares to cash in on strong demand from investors.

Kames to scrap performance fee but lift AMC on UK Absolute Return fund

Kames Capital is to remove the performance fee on its UK Equity Absolute Return fund, but is seeking to raise the product’s annual management charge by five basis points.

Absolute return funds earning pretty penny from Libor benchmarks

Investors say Libor benchmark for performance fees inappropriate on many absolute return funds.

Aegon's Pringle shorts stocks exposed to spending cuts

Aegon Asset Management’s David Pringle is shorting stocks linked to government spending following the coalition’s cuts announced in the emergency Budget.

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