Kames' ethical duo: UK's challenger banks are starting to meet our criteria

Kames' ethical duo: UK’s challenger banks are meeting our criteria

The Kames Ethical Cautious Managed fund, managed by Audrey Ryan and Iain Buckle, has risen to the top of the IMA Mixed Investment 20-60% Shares sector despite having one of the most restrictive screening processes of all Cautious funds.

The portfolio has returned 79% over the five years to 1 August, according to Morningstar, topping a sector in which the average fund has returned 45% over that period. The portfolio also won best Cautious Managed fund at this year’s Fund Manager of the Year Award. Here Ryan and Buckle discuss how recent inflows may be transforming their investor base, the impact of the recent market rotation, and why they are beginning to take an interest in banks for the first time. What kind of investable universe does your ethical screen give you? Audrey Ryan: If you take the FTSE All Share as a...