Kames Inflation Linked fund changes benchmark and sector

Scott Jamieson's Kames Inflation Linked fund is set to change its benchmark and investment objective, and will move from the IMA Mixed Investment 0%-35% Shares sector to the Specialist sector.

The move follows a consultation with investors and financial adviser and reflects the view the Retail Price Index (RPI) is a a better measure of inflation than the previously used index. The benchmark has changed from the FTSE Index Linked Gilts, over five years index (total return) to the UK Retail Price Index +4% over the medium term. The new investment objective of Jamieson's (pictured) fund reflects these changes, aiming to maximise total return and outperform the UK RPI by at least 4% per annum over the medium term. Steve Kenny, head of retail distribution, said: "We have made...