Kames Inflation Linked fund shifts sectors

Kames Capital has moved its Inflation Linked fund into the IMA's Mixed Investment 0-35% Shares sector.

The fund, managed by Stephen Jones, had been in the former Cautious Managed sector, but moved to the Mixed Investment 20-60% Shares by default following the peer group’s name change. Kames said it has moved the portfolio into the the 0-35% Shares sector to better reflects the fund’s mandate to tap into inflation themes such as commodities and high dividend equities, although the equity component is unlikely ever to exceed 35%. Head of retail sales, Steve Kenny, said: ‘We have made this change in light of the recent IMA reclassification. The fund had originally been in categorised as C...