Kames Capital has expanded its absolute return range with a new fund in response to a “fundamental focus on capital preservation” among investors.
The Kames Global Equity Market Neutral fund will be run by co-managers Neil Goddin and Craig Bonthron, with support from Malcolm McPartlin.
Mr Goddin and Mr Bonthron currently run the £53m Kames Global Equity fund, while Mr McPartlin is co-manager on other absolute return vehicles.
The new fund will seek a positive absolute return over a rolling three-year period with lower volatility than government bonds. It is intended to complement the fund house’s existing six-strong range of absolute return funds.
It has an ongoing charges figure of 1.14 per cent.
Stephen Adams, head of equities at Kames, said: “We are acutely aware of investors’ fundamental focus on capital preservation, especially in current market conditions.
“The new fund enables us to continue to meet this demand from a global perspective, whilst remaining true to our philosophy of providing real market neutral returns.”