Kames High Yield Bond and Kames High Yield Global Bond - Neutral

FUND RESEARCH UPDATE: Morningstar Analyst Ratings moved to Neutral

Ashis Dash 24 June, 2016 | 7:04AM

Following a recent Morningstar Analyst Ratings Meeting, we have moved the Kames High Yield Bond and Kames High Yield Global Bond funds to a Morningstar Analyst Rating™ of Neutral. Both funds previously held a Silver rating before being placed Under Review in early June 2016 following the news that co-manager, Claire McGuckin, had left Kames. Simultaneously, Kames announced that David Ennett will be joining from Standard Life Investments in September 2016 to head the firm’s high yield team and co-manage the funds. Meanwhile, manager Philip Milburn is also expected to return in in Q3 2016 after a leave of absence, due to health reasons, and resume duties gradually. In the interim, Kames’ fixed income CIO, David Roberts, will be running the fund backed by its support manager Stephen Baines. While we believe Milburn’s return and Ennett’s addition is reassuring, we need to assess how the two work together and will be meeting them once they have settled into their roles. Meanwhile, our conviction here is best reflected by our Neutral rating.

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
Kames High Yield Global Bd A Inc USD11.53 USD-0.01

About Author

Ashis Dash  is a Morningstar Fund Analyst

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