Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. 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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter