To news & knowledge overview

Kempen investment funds will stop investing in tobacco

By the end of December 2018, all Kempen funds will be ‘tobacco-free’. The exclusion does not apply to mandates, bespoke investment portfolios and multi-management funds.

Lars Dijkstra, CIO of Kempen, explains the decision: “Sustainable investing is of essential importance to us as engaged shareholders with a long-term focus. We want to contribute to positive change, and excluding the tobacco industry from our investment funds is an excellent step in the right direction.”

Narina Mnatsakanian, Director of Impact and Responsible Investment at Kempen, adds: “Tobacco has a proven negative impact on society and many international standards support this position. In the experience of Kempen’s investment staff, active shareholder engagement with the tobacco industry alone is not enough – to drive the fundamental change required.”

About Kempen Capital Management

Kempen Capital Management N.V. (Kempen or KCM) is a fully owned subsidiary of Kempen & Co N.V., is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. KCM offers comprehensive fiduciary investment solutions to pension funds, insurance companies, PPIs and other institutional clients. In addition, KCM applies a very targeted and specific investment style to invest in small caps, midcaps, government bonds and real estate funds for various institutional investors, foundations, high net-worth private clients and family offices. KCM focuses on a number of specific investment strategies, in which they rank among the global top. Besides small caps, midcaps, government bonds and real estate, this includes high-dividend shares, fixed-income investments and funds of hedge funds. In the past, their investment funds have won KCM several awards, including the Morningstar Awards and Lipper Awards.

For more information, please contact JPES Partners.

More on Asset management