Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Annual cost of Phil Milburn's high yield bond fund set to rise

Annual cost of Phil Milburn's high yield bond fund set to rise

Kames Capital will next year raise the annual management charge on Phil Milburn's High Yield Bond fund, bringing the cost into line with its competitors from 1 March 2012.

The change will see the annual management charge for the vehicle increase to 1.25%, up from its current 1% fee.

Kames said the move will bring the cost of the fund into line with some of its key bond fund competitors as well as reflect the level of resources applied to researching and managing the £477 million vehicle.

The Citywire Selection Kames High Yield Bond fund, which is managed by Milburn (pictured) and Melanie Mitchell, has delivered 1.11% over the last year versus -4.5% by the BofA ML Sterling High Yield TR Index.

The fund is currently ranked first quartile and has held this position over one, three and five years as well as since its launch in 2002.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter