Kempen to discontinue its active government bond funds
The decision to discontinue the active government bond funds is of a strategic nature, arising from the desire for more focus on the solutions Kempen offers its clients. The current market conditions with extremely low interest rates have decreased investors’ interest in these low-yield funds. As a result, both these funds have limited assets under management.
Lars Dijkstra, Chief Investment Officer (CIO) at Kempen Capital Management, explained: ‘The limited investor interest in active government bond funds, driven by the current low-interest-rate environment, has prompted us to decide to discontinue these funds. We will help all clients who have entrusted us with the management of their investments to find a suitable solution. Maintaining our focus will enable us to offer our clients added value in the field of active and sustainable investments in corporate bonds, small caps, sustainable value, alternative investments, dividends, private markets and real assets. This is where our strength lies and where Kempen can add value in order to meet the needs of our clients, now and in the future.'
The return of capital to investors resulting from the discontinuation of the Kempen (Lux) Income Fund and the Kempen (Lux) Euro Government Fund will take place on 31 August 2020. Further details are available at the website in the documentation on the funds concerned.
Click on the links below to download the Q&A's with practical information:
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Q&A Kempen (Lux) Euro Government Bond FundDownload
Q&A Kempen (Lux) Income FundDownload
Kempen (Lux) Income Fund and Kempen (Lux) Euro Government Fund (the ‘Subfunds’) are subfunds of the Kempen International Funds SICAV (the ‘Fund’), established in Luxembourg. This Fund is authorized in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier. Kempen Capital Management N.V. (KCM) is the administrator of the Fund. KCM is authorized as administrator and supervised by the Netherlands Authority for the Financial Markets.
Investors must not rely on this information for investment decisions. For further information, please refer to the Key Investor Information (available in Dutch and English) and the prospectus (available in English). These documents are available at the KCM website (www.kempen.com/nl/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.