Kames has renamed its Diversified Income fund to reflect its monthly income distribution following client feedback.
The fund, which is managed by multi-asset manager Vincent McEntegart (pictured) and launched in 2014, will now be known as the Kames Diversified Monthly Income fund. There is no change to the fund's strategy or management, the name change aims to highlight the fund's monthly income distribution. The £305m fund aims to provide income and capital growth by investing in a multi-asset portfolio of yield-generating investments. Kames hires SLI's Ennet as high yield head, Milburn to return in Q3 It targets a yield of 5% from income and a total return of 7-8% over the medium term. S...
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