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Kempen launches European high-yield fund

High_yield_bondsAmsterdam-based Kempen Capital Management has launched a fund that aims to target the double-B segment of the European high-yield bond market.

Portfolio manager Rik den Hartog said that the double-B segment of the bond market was ideally suited for investors looking for a conservative approach towards high-yield investing.

“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,” he said.

“The combination with subordinated bonds improves the risk-return profile of the fund.”

The Luxembourg-domiciled Sicav fund is available to institutional and wholesale investors in the Netherlands, the UK, Italy, Germany and France.

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