Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a554698
Annual cost of Phil Milburn's high yield bond fund set to rise
Markets
by Sarah Miloudi on Dec 22, 2011 at 11:40
Kames Capital will next year raise the annual management charge on Phil Milburn's High Yield Bond fund, bringing the cost into line with its competitors from 1 March 2012.
The change will see the annual management charge for the vehicle increase to 1.25%, up from its current 1% fee.
Kames said the move will bring the cost of the fund into line with some of its key bond fund competitors as well as reflect the level of resources applied to researching and managing the £477 million vehicle.
The Citywire Selection Kames High Yield Bond fund, which is managed by Milburn (pictured) and Melanie Mitchell, has delivered 1.11% over the last year versus -4.5% by the BofA ML Sterling High Yield TR Index.
The fund is currently ranked first quartile and has held this position over one, three and five years as well as since its launch in 2002.
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Look up the funds
Look up the fund managers
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.