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.

Kames multi-asset team launches Diversified Income fund

Kames multi-asset team launches Diversified Income fund

Kames Capital is to launch the Diversified Income fund designed to offer an attractive yield for an ageing population.   

Managed by Vincent McEntegart from the multi-asset team invests in investment grade bonds, high yield bonds, global equity income, UK equity income and alternatives through its own fund ranage.

Launching this week, the fund aims to provide 'competitive and sustainable income over the medium term' with a monthly income distribution and has a yield target of 5%.

The initial asset allocation is 21% to high yield bonds, 19% to investment grade bonds, 23% to global equity income, 14% to UK equity income, 22% in alternatives and 1% in cash.

'With many of the post-war baby boomers now approaching or having reached retirement coupled with the increase in life expectancy there has never been a greater need for a diversified income approach to supplement people’s retirement,'  Kames chief executive Martin Davis (pictured) said.

'This fund pulls together our key asset classes to create a solution for those seeking a competitive income either now or in the future.’   

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 JP Morgan AM's Conte: why France is my biggest overweight

JP Morgan AM's Conte: why France is my biggest overweight

The European Smaller Companies trust fund manager is also finding opportunities within the European IPO market.

Brewin's Foster: running out of value with Sandy Nairn

Brewin's Foster: running out of value with Sandy Nairn

In this week's podcast, Guy Foster and Dr Sandy Nairn discuss caution towards the stretched valuations most stock markets today currently offer.

Play Colin McLean eyes disruptive potential

Colin McLean eyes disruptive potential

SVM's Citywire AA-rated manager says he is finding more opportunities within mid cap space.

Your Business: Cover Star Club

Profile: BRI plots growth via orphaned clients

Profile: BRI plots growth via orphaned clients

BRI Wealth Management hopes to capitalise on larger rivals’ inability to service smaller clients in the face of margin & regulatory pressure

Wealth Manager on Twitter