KB launches low-risk funds

Kleinwort Benson Private Bank is to launch two low-risk absolute return funds with risk profiles sim...

Kleinwort Benson Private Bank is to launch two low-risk absolute return funds with risk profiles similar to gilts. The group is launching the KB Elite Absolute Return and the KB Elite Balanced Total Return portfolios, both managed by Scott Gray. The first aims for returns clearly in excess of cash but with the expected volatility of a short to medium-term gilt and the latter seeks equity-like returns with the volatility profile of a medium to long-term gilt. Both will seek the returns through a wide range of asset classes and various different investment strategies. This will include i...