Kames Equity Market Neutral Plus - Bronze

FUND RESEARCH UPDATE: New Fund Rating of Bronze

Randal Goldsmith 4 May, 2016 | 7:16AM
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Following a Morningstar Analyst Ratings Meeting we have initiated coverage of the Kames Equity Market Neutral and Kames Equity Market Neutral Plus funds with Morningstar Analyst Ratings of Bronze. These funds were launched in December 2014 as Dublin domiciled versions of the onshore Kames UK Equity Absolute Return fund (Morningstar Analyst Rating™ of Bronze). The first of these Dublin domiciled funds is managed identically to the latter fund and holds exactly the same long and short positions with very similar weightings and performance, while the latter is a grossed up version that also holds exactly the same positions but with each just over twice the size. From launch of the onshore fund in February 2010 the strategy has delivered positive returns every year, providing an annualised return above cash with lower volatility than government bonds, in line with its objective.

See the latest Morningstar fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Randal Goldsmith  is a Manager Research Analyst with Morningstar.