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
by Sarah Miloudi on Dec 22, 2011 at 11:40
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.
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