Kames Capital moves to “reinvigorate” UK equity fund

UK equityKames Capital has combined macro views with knowledge about small and medium-sized companies to “reinvigorate” a UK equity fund.

The firm is adding Phil Haworth, deputy head of equities, to the Kames UK Opportunities Fund, which is managed by Audrey Ryan.

Kames said the idea of having co-managers is to generate extra returns by investing in under-appreciated stocks in the small to medium sectors.

Steve Kenny, Kames director of wholesale business, said: “We have made these changes to the Kames UK Opportunities Fund as part of an overall reinvigoration of this high conviction, high alpha unconstrained stockpicking fund. We believe Phil’s macro experience combined with Audrey’s knowledge of the small to medium size market will complement each other to maximise investor returns.”

Currently, the fund invests 35% of its stocks in companies valued at between £20 billion (€23.18 billion) and £50 billion, and 15% in companies over £50 billion, according to Hargreaves Lansdown research.

In the 12 months to May 22, it returned 17.82%.

©2017 funds europe