29. August 2016

Kvika enters into relationship with Wellington Management

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.”