Kames plans 'aggressive' global rates fund

Kames Capital is planning to launch an "aggressive" rates fund to prepare for an eventual increase in interest rates on government bonds.

David Roberts, head of fixed income, said the fund will invest in high quality government bonds around the world and may be launched as early as next year if there is enough client demand. "We see an opportunity to make alpha on global rates and want to offer clients a fund that is slightly different to our competitors. If interest rates on government bonds increase, focus may return to government bonds," he said. The group may hire an external fund manager to run the fund or use internal expertise and has already been growing its rates team, with a new member set to join next week. ...