Like our other fund, the equity fund Kraft Global, Kraft Høyrente will also be part of the Kraft Funds. Kraft Høyrente's exposure to the fixed income market will primarily be achieved through direct investments in corporate bonds, government bonds, convertible bonds and other debt securities.
Here you can read more about Kraft Høyrente
- Good timing
Thorstensen is very pleased to have finally launched Kraft Høyrente.
- "I think the timing for this fixed income fund is very good. One third of all new subscriptions in Norway over the past six months have gone into fixed income funds. Right now we're experiencing a big migration from equity funds to fixed income funds due to historically low interest rates. Many people see fixed income funds as an attractive place to be, especially considering the risk measured against the volatility of the stock market," says Thorstensen.
Thorstensen holds a BSc (Hons) Management and MSc Finance from the University of Lancaster. From 1999 to 2016, he worked as a portfolio manager focusing on corporate and bank bonds for various banks and asset management companies, including Barclays Capital, BNY Mellon, Investec and LetterOne. From 2016 to 2018, he worked as a portfolio manager at Heimdal Forvaltning where he successfully managed their fixed income fund.
CEO of Kraft Finans, Sveinung Byberg, is very pleased to have Thorstensen in place as manager.
- Kraft Høyrente will fit in well with our other product range and I believe the fund will be well received by our customers. Kraft Høyrente is a fund that, through low risk, will give our customers the opportunity for good returns. Thorstensen is a manager who has delivered very well in recent years. His track record has been significantly higher than the return on bank deposits," says an optimistic Byberg.
Norwegian mandate
Thorstensen will manage under a Norwegian mandate where he can invest in all sectors and will seek a portfolio that represents a cross-section of the Norwegian economy. The investment philosophy is based on fundamental company analysis, together with associated assessments of equity access, sector analysis, potential upside and downside, corporate governance and ownership structure. On average, the portfolio will have around 35-40 different investments. Dividends received from underlying assets are reinvested in the fund. The fund may have up to 10 per cent in cash and up to 10 per cent in shares. The fund complies with the rules in the Securities Funds Act for UCITS funds.
If you want professional investment advice, you can contact us by click here.
