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Kames High Yield Bond – fund manager change

Richard Troue | Thu 06 December 2018

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

There have recently been some changes to the team responsible for managing the Kames High Yield Bond fund.

David Ennett and Stephen Baines have left the company. The fund is now managed by Jack Holmes and Mark Benbow.

We think the loss of David Ennett and Stephen Baines is disappointing for investors in the fund. We felt the pair would do a good job for long-term investors.

Some other team members have left at the same time, and this follows the departure of other senior members of the team last year.

Overall we don’t feel the team has the strength and depth it once did.

Jack Holmes and Mark Benbow don’t plan to change the way the fund is managed and we don’t expect any significant changes to the fund as a result of this news. We’ll aim to speak with the fund’s new managers soon though and update investors with our views.

This fund doesn’t currently feature on the Wealth 150+ list, which is where our favourite bonds funds can be found.

Kames High Yield Bond Key Investor Information

Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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