Euro-denominated corporate credits that have a BB rating
We invest primarily in Euro-denominated corporate credits that have a BB rating, alongside subordinated bonds with the aim of earning attractive total return (income and capital appreciation) over the long term.
In our view:
the European high-yield market contains mispricings which can be identified and traded and is now deep enough and broad to offer scope for diversified investment;
the higher-quality segment of the market offers the most attractive risk-adjusted returns; and
an active investment and risk management approach, which integrates ESG, is best placed to secure attractive yields for investors, as well as create and preserve additional value by capitalising on market mispricings.
Our experienced team follows a systematic process that blends quantitative and qualitive expertise and experience and seeks to:
combine investments primarily in the BB market segment with attractive risk-return potential with subordinated bonds offering high-yield spreads for investment-grade credit profiles;
apply an active top-down and bottom-up approach to macro and fundamentals analysis to construct and risk manage a diversified portfolio of credits; and
integrate ESG considerations throughout the investment lifecycle.
You can invest in one or more of our strategies by investing in related funds or through a tailor-made mandate with our specialists. For more sustainability-related information, please refer to the sustainability-related information section of the fund library. You can also visit the fund library to find detailed information on our funds.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Past performance provides no guarantee for the future.
Alain van der Heijden
Co-Head of Credit Team
Joost de Graaf
Co-Head of Credit Team
Lizelle du Plessis
Harold van Acht
Bart aan den Toorn
Van Lanschot Kempen Investment Management (UK) Limited is registered in England & Wales with registration number 02833264. Registered office at Octagon Point, 5 Cheapside, London EC2V 6AA Tel: +44 (0)20 3636 9400. Authorised and regulated by the Financial Conduct Authority (FCA) with reference number 166063.