The Kames Short Dated High Yield Global Bond Fund will be Dublin domiciled, subject to regulatory approval.
It will have dollars as its base currency, although it will also have sterling, euro, swiss franc and Swedish krona share classes.
The fund will have a global remit to maximise its opportunity set and will adopt an investment process that focuses on the firm’s stock picking ability, while aiming to deliver a lower risk strategy with a sub two-year duration target and careful use of the CCC-rated and above segment of the market.
It will leverage the expertise of its five-strong high-yield team, which includes David Ennett, Kames’ head of high yield and Phil Milburn, head of fixed income investment strategy.
The team is currently responsible for $2bn (£1.6bn, €1.85bn) of global high yield mandates and the wider 28 strong fixed income team.
The fund will be managed by Stephen Baines and Ennett, supported by Jack Holmes.
