Press release
Advertising material | 19 November 2021
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Zur Homepage gehenPress release
Advertising material | 19 November 2021
LUXEMBOURG, LU — Nordea Asset Management (NAM) announces the 3-year anniversary of Nordea 1 – North American Stars Equity Fund (ISIN: BP USD – LU0772958525; BI USD – LU0772957808), a key MiFID-eligible strategy within its ESG STARS building blocks offering. This anniversary comes less than 300 days before the new EU MiFID and sustainability regulation is implemented.
This month, NAM is proud to celebrate the three-year anniversary of the Nordea 1 – North American Stars Equity Fund (“the Fund”). The Fund leverages the expertise of one of the largest award-winning Responsible Investments teams in Europe and qualifies as an Article 8 product under SFDR regulations; it is also MiFID eligible.
The Fund is a high conviction portfolio (40-70 holdings) with a long-term bottom-up approach. With more than USD 1.9bn in assets under management, the Fund has delivered strong alpha, relative to its benchmark, the Russell 3000 NR USD Index over the past three years.1
NAM’s ESG analysts are embedded into investment teams and participate actively in company engagements. Close day-to-day collaboration between NAM’s Fundamental Equities Team, which selects stocks and allocates capital, and its Responsible Investments Team, which analyses the ESG aspects, facilitates investment-led ESG plans that generate value and have a real world impact.
“From idea generation to engagement with companies, our teams collaborate to build a 360-degree perspective of a holding,” says Joakim Ahlberg, manager of the Fund. “The ESG analysts work alongside the portfolio managers throughout the investment process, providing invaluable insights into possible risks and opportunities.”
The Fund holds three independent ESG labels: Label ISR2 , LuxFLAG3 and Towards Sustainability4.
“Nordea 1- North American Stars Equity Fund, like all our ESG STARS equity products, offers investors a way to begin to decarbonize their portfolios,” says Eric Pedersen, Head of Responsible Investments at NAM. “The Fund is classified as managed in line with Net Zero in 2050 under NAM’s Net-Zero Asset Mangers commitment and its weighted average carbon intensity (WACI)5 is currently approx. 40% lower than that of its Russell 3000 Index – NR Index.”
NAM’s ESG STARS franchise, consisting of 17 equity and fixed income strategies, cover various geographies, e.g. Europe, North America, Asia, EM, etc and thus represent building blocks for allocators seeking MiFID-eligible solutions to meet new sustainability regulations. All ESG STARS funds are actively managed, follow positive screening and adhere to NAM’s Paris Aligned Fossil Fuel Policy. Nordea Asset Management has been committed to Responsible Investment for more than 30 years since the launch of its first sector screened fund in 1988 and has one of the largest ESG dedicated Responsible Investments teams in Europe.
1 The performance represented is historical; past performance is not a reliable indicator of future results and investors may not recover the full amount invested. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and cannot be ensured, you could lose some or all of your invested money.
2 Label ISR is created and supported by the French Finance Ministry. The label’s goal is to increase the visibility of SRI products among savers in France and Europe. For more information on the Label ISR, visit www.lelabelisr.fr/en/what-sri-label/. The ISR Label is valid for three years.
3 LuxFlag is an international and independent non-profit association and labelling agency. To promote sustainable investing in the financial industry, LuxFLAG awards an independent and transparent label to eligible investment vehicles in Microfinance, Environment, ESG (Environment, Social, Governance), Climate Finance and Green Bonds. The objective is to reassure investors that the labelled investment vehicle invests in a responsible manner. The LuxFLAG ESG Label is valid for one year. Investors must not rely on LuxFLAG or the LuxFLAG Label with regard to investor protection issues and LuxFLAG cannot incur any liability related to financial performance or default.
4 Towards Sustainability was launched by the Belgian Central Labeling Agency in 2019. It aims to reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices. For more information on the “Towards Sustainability” label, visit www.towardssustainability.be. The label is valid for one year.
5 WACI performance can vary higher or lower at any given point in time.
Editor’s note:
Since it was reengineered into one of our ESG STARS products in Nov 2018, the Nordea 1 – North American Stars Equity Fund (NASEF) has been internally managed by Joakim Ahlberg (lead portfolio manager) and Johan Swahn (co-portfolio manager). The portfolio managers are part of Nordea’s Fundamental Equities team, which consists of around 30 investment professionals, mainly focusing on sustainability themed strategies, where they apply a fundamental bottom-up investment process to identify and analyze mispriced companies relative to their ability to generate future cash flows.
Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB (“the Legal Entities”) and their branches, subsidiaries and representative offices. Additional information for Nordea 1, SICAV: The sub-funds mentioned are part of Nordea 1, SICAV, an open-ended Luxembourg-based investment company (Société d’Investissement à Capital Variable), validly formed and existing in accordance with the laws of Luxembourg and with European Council Directive 2009/65/EC of 13 July 2009. This document is advertising material and does not disclose all relevant information concerning the presented sub-funds. Any investment decision in the sub-funds should be made on the basis of the current prospectus and the Key Investor Information Document (KIID), which are available, along with the current annual and semi-annual reports, electronically in English and in the local language of the market where the mentioned SICAV is authorised for distribution, without charge upon request from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. Further information can be obtained from your financial advisor. He/she can advise you independently of Nordea Investment Funds S.A. Please note that all sub funds and share classes might not be available in your country of jurisdiction. Additional information for investors in Switzerland: The Swiss Representative and Paying Agent is BNP Paribas Securities Services, Paris, Succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. Additional information for investors in Germany: The Information Agent in Germany is Société Générale S.A. Frankfurt Branch, Neue Mainzer Straße 46-50, 60311 Frankfurt am Main, Germany. A hard copy of the above-mentioned fund documentation is also available here. Additional information for investors in Austria: The Information and Paying Agent in Austria is Erste Bank der österreichischen Sparkassen AG, Am Belvedere 1, 1100 Vienna, Austria. Additional information for investors in the Netherlands: Nordea 1, SICAV is a Luxembourg Undertaking for Collective Investment in Transferable Securities (UCITS) registered in the Netherlands in the register kept by the AFM, and as such is allowed to offer its shares in the Netherlands. The AFM register can be consulted via www.afm.nl/register. Additional information for investors in France: With the authorisation of the AMF the shares of the sub-funds of Nordea 1, SICAV may be distributed in France. Centralising Correspondent in France is CACEIS Bank, located at 1-3, place Valhubert, 75206 Paris cedex 13, France. Investors are advised to conduct thorough research before making any investment decision. Additional information for investors in Spain: Nordea 1, SICAV is duly registered in the CNMV official registry of foreign collective investment institutions (entry no. 340) as authorised to be marketed to the public in Spain. The Depositary of the SICAV’s assets is, J.P. Morgan Bank Luxembourg S.A. In Spain, any investment must be made through the authorised distributors and on the basis of the information contained in the mandatory documentation that must be received from the SICAV’s authorised distributor prior to any subscription. The Representative Agent is Allfunds Bank S.A.U., C/ de los Padres Dominicos, 7, 28050, Madrid, Spain. A complete list of the authorised distributors is available in the CNMV’s webpage (www.cnmv.es). Additional information for investors in Portugal: The Management Company of the SICAV, Nordea Investment Funds S.A., and the Depositary of the SICAV’s assets, J.P. Morgan Bank Luxembourg S.A., are validly formed and existing in accordance with the laws of Luxembourg and authorized by the Commission de Surveillance du Secteur Financier in Luxembourg. Our distributor in Portugal is BEST – Banco Electrónico de Serviço Total, S.A., duly incorporated under the laws of Portugal and registered with the CMVM as a financial intermediary. Additional information for investors in Italy: Fund documentation as listed above is also available in Italy from the distributors and on the website www.nordea.it. The updated list of distribution Agents in Italy, grouped by homogenous category, is available from the distributors themselves or from the Paying Agents: State Street Bank International GmbH – Succursale Italia, Allfunds Bank S.A.U –Succursale di Milano, Société Générale Securities Services S.p.A., Banca Sella Holding S.p.A, Banca Monte dei Paschi di Siena S.p.A, CACEIS Bank S.A., – Italian Branch and on the website www.nordea.it. Any requests for additional information should be sent to the distributors. Before investing, please read the prospectus and the KIID carefully. We recommend that you read the most recent annual financial statement in order to be better informed about the fund’s investment policy. The prospectus and KIID for the sub-funds have been published with Consob. For the risk profile of the mentioned sub-funds, please refer to the fund prospectus. Additional information for investors in the United Kingdom: The Facilities Agent is FE Fundinfo (UK) Limited 3rd Floor, Hollywood House, Church Street East, Woking GU21 6HJ, United Kingdom. Additional information for investors in Ireland: The Facilities Agent is Maples Fund Services (Ireland) Limited, 32 Molesworth Street, D02 Y512 Dublin 2, Ireland. Additional information for investors in Sweden: The Paying Agent is Nordea Bank Abp, Swedish Branch, Smålandsgatan 17, 105 71 Stockholm, Sweden. Additional information for investors in Denmark: The Representative and Sub-Paying Agent is Nordea Danmark, Filial af Nordea Bank Abp, Finland, Grønjordsvej 10, Postbox 850 0900 Copenhagen C, Denmark. A hard copy of the above-mentioned fund documentation is available here. Additional information for investors in Norway: The Nordea 1, SICAV is registered in Norway. Additional information for investors in Finland: The Representative Agent is Nordea Funds Ltd, Satamaradankatu 5, 00020, Helsinki, Finland. Additional information for investors in Latvia: The Representative Agent in Latvia is Luminor Bank AS, 62 Skanstes iela 12, 1013 Riga, Latvia. Additional information for investors in Estonia: The Representative Agent in Estonia is Luminor Bank AS, Liivalaia 45, 10145 Tallinn, Estonia. Additional information for investors in Lithuania: The Representative Agent in Lithuania is Luminor Bank AB, Konstitucijos pr. 21A, 03601Vilnius, Lithuania. Shareholders must evaluate possible investment risks and take this into consideration when making investment decisions. Investments in derivative and foreign exchange transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets involve a higher element of risk. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and cannot be ensured. Investments in equity and debt instruments issued by banks could bear the risk of being subject to the bail-in mechanism (meaning that equity and debt instruments could be written down in order to ensure that most unsecured creditors of an institution bear appropriate losses) as foreseen in EU Directive 2014/59/EU. For further details of investment risks associated with these sub-funds, please refer to the relevant Key Investor Information Document (KIID), available as described above. Nordea Asset Management has decided to bear the cost for research, i.e. such cost is covered by existing fee arrangements (Management-/Administration-Fee). Published and created by the Legal Entities adherent to Nordea Asset Management. The Legal Entities are licensed and supervised by the Financial Supervisory Authority in Sweden and Luxembourg respectively. The Legal Entities’ branches, subsidiaries and representative offices are licensed as well as regulated by their local financial supervisory authority in their respective country of domiciliation. Source (unless otherwise stated): Nordea Investment Funds S.A. Unless otherwise stated, all views expressed are those of the Legal Entities adherent to Nordea Asset Management and any of the Legal Entities’ branches, subsidiaries and representative offices. This document may not be reproduced or circulated without prior permission. Reference to companies or other investments mentioned within this document should not be construed as a recommendation to the investor to buy or sell the same but is included for the purpose of illustration. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future. © The Legal Entities adherent to Nordea Asset Management and any of the Legal Entities’ branches, subsidiaries and/or representative offices.
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