The move means Kames now has three funds registered in the Spanish investment fund market along with its High Yield Global Bond Fund and Strategic Bond Fund.
The latest fund was registered for sale last week and is being managed by Stephen Snowden and Colin Finlayson.
Click here to see a factsheet featuring details about the fund.
The Dublin-domiciled fund is currently also registered for sale in Switzerland, Austria, Germany, Netherlands, Belgium and Malta.
The minimum initial investment into the fund is a £500 lump sum, with a following minimum contribution of £50 a month. The minimum figure for additional lump sums is £250.
The fund’s total size is £325m.
The asset manager said the fund aims to provide investors with a low risk absolutely positive return over a rolling three years period through investing in a range of global debt instruments such as AAA government bonds through to high yield and emerging market bonds.
The fund invests in all types of fixed and floating rate fixed income securities and has no geographic limitations on its investments
It will use financial derivative instruments to run a long/short strategy, and does not have a performance fee.
Kames head of retail distribution, Steve Kenny, said: “The fund’s main objective is to be a real alternative to cash deposits by providing investors with steady capital growth above and beyond the rate available from most banks, whilst limiting market risk.
“Spain is a fast evolving and important market to us at Kames and we believe the registration of this fund will prove popular with savvy investors looking for a real alternative to cash.”
