Kvika has
signed a distribution agreement with the global investment management company,
Wellington Management. Kvika will distribute the Wellington Global Quality
Growth Fund, which seeks long-term total returns by investing in stocks issued
by companies worldwide, emphasizing a balance of growth, valuation, capital
return, and quality criteria.
Tracing its
history back to 1928, Wellington
Management has a significant presence and long-term track record in nearly all
sectors of the global securities markets. Wellington Management has US$969 billion in client
assets under management and services clients in over 55 countries, as of 30
June 2016.
The
Wellington Global Quality Growth Fund will
add to Kvika´s diverse offering of global fixed income and equity funds. Asset
management is Kvika´s cornerstone, offering investors and depositors
comprehensive solutions covering major asset classes in both domestic and
global markets. World Finance magazine recently voted Kvika Asset Management as
Iceland´s best Investment Management Company 2016 for the third year
running. The assessment is based on factors such as performance, growth,
product development, attitude towards risk, and social responsibility.
Sigurður
Hannesson, managing director of asset management:
“Despite
capital controls, Kvika has in recent years successfully invested in global
market knowledge and know-how. Assets under management in global markets by
Kvika have risen and more customers are taking advantage of the service. We are
very happy to add the Wellington Global Quality Growth Fund to our global
product offering. The fund has a very good track record and Wellington
Management is a strong and dependable firm.”