Mandatum’s fund wins Best Europe High Yield Fund award

Press release, 6 March 2024, 10.10 AM EET

Mandatum’s investment fund has been selected best in Europe in two categories at the 2024 LSEG Lipper Fund Awards.

The Mandatum Nordic High Yield Total Return Fund, which invests in high-yield corporate bonds, was awarded both ‘Best Fund over 3 years’ and ‘Best Fund over 5 years’ in the Bond Europe High Yield category. There were 31 and 25 funds respectively in the running. The Lipper Awards are an annual celebration of funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

‘We are delighted to win the prestigious award for the second time running, which this time also recognises our performance over five years. Our fund has outperformed its peers both in absolute terms and in respect of risk-adjusted returns, and our choice of investments appears to be spot on. A big thank you goes to the entire portfolio management team and our professionals,’ says Mandatum’s Chief Investment Officer Juhani Lehtonen. 

The Mandatum Nordic High Yield Total Return Fund was established in 2014 and primarily invests in Nordic corporate bonds that are rated ‘high yield’ or have no official credit rating. Mandatum Asset Management Ltd acts as the fund’s portfolio manager. 

‘Getting to this point has been a long process and required disciplined adherence to our investment strategy. Our fund has been able to withstand persistently challenging market conditions and the recent exceptionally high volatility in interest rates, and we can now confidently call it shock-proof. This is all thanks to a tried and tested, systematic and repeatable investment strategy,’ says Mandatum’s Head of Leveraged Finance Alexander Gallotti.

The Nordic High Yield fund reached the milestone of EUR 500 million in client assets under management in January 2024 and, with investments in the loan market taken into account, total client assets currently amount to more than EUR 1.6 billion. Mandatum’s Institutional & wealth management team has been offering its clients loan investment products since 2016, and assets managed in the context of investments in European senior loans have grown by almost 600 per cent in the last four years.

‘Our credit products have been in high demand, which has also contributed to the growth of our award-winning Nordic High Yield fund. In addition to Finland, demand has been on the rise in other Nordic countries. This combined with the awards we have been winning proves that our hard work is paying off. We want to thank our clients for their trust,’ Gallotti says.

Enquiries:

Alexander Gallotti, Head of Leveraged Finance,
alexander.gallotti@mandatumam.com, tel. +358 10 209 8172

Niina Riihelä, SVP, Communications, Brand and Sustainability
niina.riihela@mandatum.fi, tel. +358 40 728 1548

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The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see www.lipperfundawards.com.

Past performance does not predict future returns. Future returns may also be negative. Before making any investment decision, please read the Prospectus and Key Information Document (KID) of the UCITS. The fund’s risks are described in its Key Investor Information Document found at: mandatumam.com