Kames Capital reduces charge on UK Equity Income fund

Cuts AMC from 75bps to 60bps

Kames Capital has cut the annual management charge (AMC) on its UK Equity Income fund from 0.75% to 0.60%, with effect from 1 November.

The cut will affect the 'B' share class of the £36m fund, which is co-managed by Douglas Scott (pictured) and Iain Wells. The decision to reduce the AMC comes after a review of the fund's pricing structure and is aimed at increasing the competitiveness of the product within the popular sector. Kames Capital hires second bond manager from SLI The fund invests at least 80% of its portfolio in UK equities with the aim to achieving a 110% yield of the FTSE All Share at the fund's year end. Launched in 2009, the vehicle has delivered 33.8% over three years to 7 October versus the IA ...