Kames offers Singapore currency exposure

SingaporeKames Capital says many of its European clients expect the Singapore dollar to be one of the top performing currencies this year.

The company, which is based in Edinburgh and is part of Aegon Asset Management, has launched a Singapore share class for its Kames Strategic Global Bond Fund managed by David Roberts and Phil Milburn.

The fund invests in bonds on a global basis but does not target foreign exchange as a source of alpha generation.

Roberts says: “Many folk are talking about the Singapore dollar as being amongst the strongest currencies for 2013 and are seeking ways to gain exposure to it.

“The fund does not target foreign exchange as a source of alpha but we believe this move allows our clients to gain exposure to Singapore dollars without incurring significant bank counterparty risk.”

Kames Capital has £52 billion (€61 billion).

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