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Kames Capital reduces charge on Diversified Income Fund

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Kames Capital is to reduce the annual management charge on the Kames Diversified Income Fund from 1 November 2015 from 0.65 per cent to 0.55 per cent on the fund’s ‘B’ Share Class.

 

The fund, which is run by Vincent McEntegart, is aimed at both institutional and retail investors and invests in a diversified portfolio of bonds, equities and alternatives.

 

The fund which has a current yield of 5.70 per cent and was launched in February 2014, is currently ranked first quartile over one year with a return of 5.43 per cent compared to its sector median of -2.67 per cent.

 

The move follows feedback from investors and is in line with a general move within the market towards clean share classes.

 

Kames’ director of wholesale business Steve Kenny (pictured) says: ‘With the recent changes announced by the Government capping fees on pension pots to 0.75% from April this year we believe this move makes the fund extremely attractive to pension investors or anyone seeking an attractive income. Not only are the charges now highly competitive, it also has excellent performance and should now be able to capture the market share it deserves.’

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