Kames Absolute Return Bond Constrained
  • Fund Manager  
    Euan McNeil
  • Currency  
    EUR
  • Sector  
    Fixed Income
  • Fund Type  
    OEIC
  • Fund Size  
    €83m
  • Launch Date  
    29/04/2015

The investment objective of the Fund is to generate positive absolute returns over a rolling 3 year period irrespective of market conditions. The Fund will seek to achieve its investment objective by investing in global debt instruments in any currency, ranging from AAA Government Bonds through to high yield and emerging market bonds. The Fund may invest in all types of fixed and floating rate fixed income securities.

On 29 April 2015 we launched a new UCITS absolute return bond fund. The Fund uses a transparent, repeatable, and robust investment process and it is managed by a well-established and proven team. It is designed to provide a low risk solution to investors faced with negative deposit rates in much of mainland Europe, aiming to deliver 1% per annum above the 1-month EURIBOR rate, net of fees over rolling three-year periods.

Euan McNeil is an investment manager in the fixed income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling. He has 18 years’ industry experience.

Performance

1 Year 3 Year 5 Year
Kames Absolute Return Bond Cons B Acc EUR -0.13% - -
EURIBOR 1 Month -0.37% -0.51% -0.18%
Figures correct as at 31 May 2017
As at 30/06/2017
Derived - Debtor Quality as at 31/12/2016
Debtor Quality % of fund
Quality/BBB
56.8%
Quality/A
21.21%
Quality/AAA
6.23%
Quality/BB
3.55%
Quality/AA
2.94%

Fees

Charge Amount Rating
Total Expense Ratio0.30 
Data provided by Lipper. Care has been taken to ensure that the information is correct, but PIP Financial neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.