Kames High Yield Bond - Under Review

FUND RESEARCH UPDATE: Morningstar Analyst Rating moved to Under Review

Ashis Dash 1 June, 2016 | 3:31PM

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.

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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Kames High Yield Bond GBP A Acc140.58 GBP-0.01

About Author

Ashis Dash  is a Morningstar Fund Analyst

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