Luxembourg, LU, 18 September, 2025 — Just three months after its June 2025 debut—traditionally a quitter period for markets—Nordea 1 – Empower Europe Fund (ISINs: BP EUR – LU3076185084 / BI EUR – LU3076185167) has already exceeded €200 million in assets under management (AUM). his rapid growth highlights strong investor confidence in Nordea Asset Management’s (NAM’s) newest high-conviction strategy.

The fund targets what NAM sees as a exceptional opportunity: Europe’s strategic economic reset. With capital flooding into energy resilience, industrial revival, and defence, the fund is built to catch the first wave of transformative growth reshaping the continent. Crucially, around half of the portfolio is allocated to European mid and small caps — the beating heart of local value chains — which play a crucial part in Europe’s innovation and self-reliance.

“The enthusiastic response to the Empower Europe Fund has exceeded our expectations. It confirms our conviction that Europe’s renewed focus on the three thematic pillars of Energy Resilience, Re-shoring Production and Defence and Security offers a unique investment opportunity. The fund’s early momentum reflects growing investor demand for strategies that actively participate in reshaping Europe’s economic landscape and strengthening its sovereignty.”

René Petersen, Lead Portfolio Manager of Nordea 1 – Empower Europe Fund

Three strategic pillars powering growth

The Nordea 1 – Empower Europe Fund targets companies at the crossroads of innovation, public investment, and geopolitical necessity, structured around three key themes:

  • Energy Resilience: Promoting energy independence and strengthening infrastructure resilience
  • Reshoring: Advancing automation, reshoring, and smart manufacturing
  • Defence and Cyber Security: In vesting in defence systems, equipment, and cyber risk mitigation

Experience meets forward-looking strategy

Led by René Petersen and Co-Portfolio Manager Hilde Jenssen—each bringing over 30 years of investment expertise—the fund leverages NAM’s Fundamental Equities team, known for managing award-winning European equities strategies. Unlike many European funds that concentrate on large-cap holdings, this strategy also embraces small and mid-cap companies which are often deeply integrated into local European value chains and less exposed to US-driven support. These companies play a critical role in Europe’s economic transformation, creating localized impact while driving innovation, industrial growth, and strategic autonomy.

“This fund is designed for the Europe that is emerging, not the one of the past. Through rigorous fundamental research, we identify companies—large, small and mid-cap— that are shaping the continent’s future. Small and mid-caps in particular have a strong local footprint, often embedded in European value chains, and are central to driving energy, industrial and digital autonomy.

Hilde Jenssen, co-Portfolio Manager of Nordea 1 – Empower Europe Fund

With the €200 million milestone reached in such a short time, the Empower Europe Fund is already capturing the investment momentum behind Europe’s strategic reset.