Kames High Yield Bond - Under Review

FUND RESEARCH UPDATE: Morningstar Analyst Rating moved to Under Review

Ashis Dash 1 June, 2016 | 3:31PM
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Following the announcement that the co-manager of the Kames High Yield Bond fund, Claire McGuckin, has left Kames, we have placed the fund’s Morningstar Analyst Rating™ Under Review. It previously held a Silver rating. David Ennett, who will be joining Kames from Standard Life Investments in September 2016, will become co-manager of the fund along with Phil Milburn, who is also expected to return in the third quarter of 2016 following his sabbatical. Our positive view on the fund in Milburn’s absence was driven by the continuity provided by McGuckin, who we held in high regard. In the interim, David Roberts, backed by support manager Stephen Baines, will be running the fund. We will be meeting with Ennett in due course to discuss his future plans for the fund and assess the changes made to the management team.

See the latest Morningstar fund rating news here.

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Ashis Dash  is a Morningstar Fund Analyst

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