Kempen Capital Management launches Kempen (Lux) Euro High Yield Fund
The fund aims to generate compelling returns by offering a differentiated approach to high yield investing. Kempen strengthens its credit franchise by levering on the investment philosophy of the credit team. The disciplined process focused on quality and managing downside risk is particularly suited to navigate this segment of the credit market.
Senior Portfolio Manager at Kempen, Rik den Hartog, said: “The BB-rated segment of the high yield market has one of the most attractive risk-return profiles of all rating buckets – as it contains structural anomalies that provide opportunities for investors with a more flexible approach. The combination with subordinated bonds improves the risk-return profile of the fund.”
The Euro High Yield market has grown significantly over the last few years and the BB-rated segment is ideally suited for investors looking for a conservative approach towards high yield investing. Rik den Hartog adds: “High Yield investors should take extra care to search for quality. Certainly now complacent markets could drive a disconnect between fundamentals and risk premia. The additional return gained by moving into more risky companies is at historically low levels, therefore hardly compensating for the additional risks involved. A focus on quality is at the heart of our philosophy.”
The product is open for sale to institutional and wholesale investors, including retail banks, in the Netherlands and is offered in UK, Italy, Germany and France.
For more information, please contact:
T +31 (020) 348 8694
This press release of Kempen Capital Management N.V. (Kempen) is intended for professional investors and for information purposes only. This press release provides insufficient information for an investment decision. Before making such a decision, please read the information memorandum. This is available on the website (https://www.kempen.com/en/asset-management ).
Kempen (Lux) Euro High Yield Fund (the “Sub-Fund”) is a sub-fund of Kempen International Funds SICAV (the “Fund”), domiciled in Luxembourg. This Fund is authorised in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier. Kempen Capital Management N.V. (Kempen) is the management company of the Fund. Kempen is authorised as management company and regulated by The Netherlands Authority for the Financial Markets. Kempen (Lux) Euro High Yield Fund class I is LU1624254121.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents as well as annual report, semi-annual report and the articles of incorporation of the Fund are available free of charge at the registered office of the Fund located at 6C, route de Trèves, L-2633 Senningerberg, Luxembourg and on the website of Kempen (https://www.kempen.com/en/asset-management).
The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
Kempen Capital Management N.V. (Kempen) is a wholly-owned subsidiary of Kempen & Co N.V., is licensed as a manager of various investment institutions and to provide investment services including asset management, and, as such, is subject to supervision by the Netherlands Authority for the Financial Markets, and registered with the Financial Conduct Authority. Kempen is a specialized asset management company with a very targeted and specific investment style in European equities, bonds and real estate securities for a range of institutional investors, foundations and high net-worth private clients. In addition, Kempen offers comprehensive fiduciary investment solutions and selects investment boutiques for its clients. Kempen pursues optimal investment results and works with highly specialized management teams. Kempen Capital Management N.V. is listed in the Commercial Register of the Chamber of Commerce in Amsterdam under file number 33181992, and has its registered office in Amsterdam.