Kames Capital has moved its £257.4m Kames inflation linked fund to the IMA mixed investment 0-35 per cent shares sector to better reflect the fund’s composition.
According to the asset manager, the fund’s inflation-themed strategy means the fund is unlikely to exceed a 35 per cent holding in equities.
The fund was previously a constituent of the IMA cautious managed sector but was moved into the IMA mixed investment 20-60 per cent shares sector by default, following the recent reclassification of the managed sectors.
Kames Capital head of retail sales Steve Kenny says: “We have made this change in light of the recent IMA reclassification.
“The fund had originally been in categorised as Cautious Managed but was moved to the new 20-60 per cent sector, however we did not feel this was a fair reflection of how the fund is managed, as despite its multi-asset flexibility the amount in equities is not likely to exceed the sector definitions.”