Update: Kames unveils short-dated high yield fund for Ennett and Baines

AMC of 0.5% on 'B' share class

Kames Capital has launched a short-dated high yield bond fund for head of high yield David Ennett and Stephen Baines, aiming to provide risk adjusted returns while maintaining low interest rate and credit sensitivity.

Managed by Ennett (pictured) and Baines, the Short Dated High Yield Global Bond fund will employ a sub two-year duration target with a focus on the BB and B rated parts of the corporate bond market. Kames' Roberts: EMD is least appealing area of fixed income market The vehicle will be domiciled in Dublin and will have an annual management charge (AMC) of 0.5% on the 'B' share class.  The fund will have US dollars as its base currency, but will also offer sterling, euro, Swiss franc and Swedish krona share classes. Baines said: "We believe short-dated high yield represents a lowe...