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Terms and conditions

Access to information contained on this website is exclusively reserved for professional investors in Luxembourg. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2019 by Nordea Investment Funds S.A. – all rights reserved.

Please note that you are required to read and accept the terms of our privacy policy and the use of cookies before you are able to access our websites.
For full privacy and cookie policy please refer to the link below.

Terms and conditions

Access to information contained on this website is exclusively reserved for investors in Luxembourg. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2019 by Nordea Investment Funds S.A. – all rights reserved.

Please note that you are required to read and accept the terms of our privacy policy and the use of cookies before you are able to access our websites.
For full privacy and cookie policy please refer to the link below.

  • 1. Terms and conditions
  • 2. Data privacy policy
  • 1. Terms and conditions
  • 2. Data privacy policy
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  • 1. Terms and conditions
  • 2. Data privacy policy

Provision on the modification of terms & conditions:

Nordea Investment Funds S.A. (NIFSA) reserves the right to modify these terms and conditions on this website at any time, with immediate effect and without prior notice. If the terms and conditions are amended you will be required to read and accept these terms and conditions again.

Restrictions of Website:

The information on this website should not be accessed by any person or entity in any jurisdiction or country where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons accessing this website are required to inform themselves about and observe any relevant restrictions. NIFSA does not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. NIFSA cannot be held responsible for any damages or losses that occur from transactions and/or services in violation of the relevant rules of the purchaser’s home jurisdiction. This website is in particular exclusively reserved for non-US Persons*. The information in this website is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of 
“US Persons.”


* US Persons are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed “US Persons” under certain rules.

Issuer of the website:

This website is issued and operated by Nordea Investment Funds S.A. (NIFSA), 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier in Luxembourg. NIFSA is registered with the commercial register in Luxembourg (Registre de commerce et des sociétés; or “RCS”) under company number B 31619.

MiFID:

Please note that UCITS management companies, which do not provide additional and non-core services within the meaning of article 5(3) of the UCITS Directive in principle are not covered by MiFID rules (EU Directive 2014/65/EU, dated 15 May 2014, on markets in financial instruments and its implementing measures). Therefore does NIFSA not warrant or guarantee that the materials and information contained on this website are compliant with the marketing requirements of the MiFID Directive, except where compelled by local laws and regulations.

Qualification of the website:

This website is considered marketing communication and contains general information about NIFSA, the NIFSA managed funds which are available to your investor type and in your country/jurisdiction and Nordea Asset Management. This website does neither amount to an investment advice nor does it constitute i) a recommendation to invest in any financial product, investment structure or instrument, ii) tax advice, to enter into or unwind any transaction or to participate in any particular trading strategy. This website is not an offer to buy any security. Consequently, the information contained herein will be superseded in its entirety by contractual arrangement in its final form entered into for the purpose of an investment in a NIFSA managed fund. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (KIID) relating to the investment.

Information about the funds and availability of the statutory documents:

The sub-funds mentioned on this website are part of one of the following investment funds:


UCITS-SICAVs:
Nordea 1, SICAV, Nordea 2, SICAV or Nordea Fund of Funds, SICAV, all open-ended Luxembourg-based investment companies with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”), validly incorporated and existing in accordance with Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment in transferable securities (Law of 17 December 2010);

UCITS-FCPs:
Nordea International Fund or Nordea Asset Allocation Fund, both unincorporated mutual investment funds (“fonds commun de placement”) constituted in Luxembourg and governed by Part I of the Law of 17 December 2010 and organised as described in the respective prospectus;

SICAV-SIF:
Nordea Dedicated Investment Fund SICAV- FIS, Nordea Specialised Investment Fund, SICAV-FIS or Nordea Institutional Investment Fund, SICAV-FIS, all qualifying as specialised investment funds (“fonds d’investissement spécialisés”), taking the form of an investment company with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”) under the Luxembourg law of 13 February 2007 relating to specialized investment funds. Such funds are Alternative Investment Funds within the meaning of the Directive 2011/61/EU (“AIFM Directive”) and therefore subject to the requirements of the AIFM Directive as implemented in Luxembourg law through the Law of 12 July 2013 on Alternative Investment Fund Managers as may be amended from time to time;

The legal documents, including the current prospectus and Key Investor Information Document (KIID), are available in English and in the local language of the market where the aforementioned funds are 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 on Nordea Investment Funds S.A. and the funds managed by it.

Local specific provisions:

This website is only for professional investors in Luxembourg investing for their own account – according to MiFID definition.

Generic statement about risks, performance and comparisons:

The value of shares/units of the funds mentioned herein and any income from them may vary over time and you may not recover the invested amount.

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 and alternative products involve a higher element of risk. For further details of investment risks associated with Nordea funds, please refer to the relevant prospectus or Key Investor Information Document (KIID), where applicable, available as described above. For further details of investment risks associated with each respective sub-fund investment, please refer to the relevant Key Investor Information Document (KIID), available as described above.

Estimates of future returns or indications of past performance shown on this website are for information purposes only and are not reliable indicators for future performance. Past performance is not a reliable indicator of future results and investors may not recover the full amount invested. There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. Comparison with other financial products or benchmarks is only meant for indicative purposes.

Tax matters:

The levels of and relief from taxation of both, the fund and/or the individual investor may change. Investors should take into account their tax status together with the effects of any anticipated investment. The tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

Limitation of liability regarding accuracy / completeness of the information:

Whilst NIFSA will use every reasonable effort to ensure that the information contained on this website is accurate as at the date of publication of such materials, can no guarantee of the accuracy, suitability or completeness of any such information or the availability be given.
Neither NIFSA nor any other person accepts any liability whatsoever for any loss/damage (direct or consequential) arising from any use of this website or its contents, to third (3rd) party websites or otherwise arising in connection therewith.

Provision about specific content and functionalities e.g. views / research / hyperlink to third (3rd) party:

The website of NIFSA may contain links to other third-party websites that you may access following links from this website. NIFSA accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred, especially in cases where any damages result from the use or non-use of such incorrect information.

The hyperlinks on this website are only provided for convenience and information purposes. NIFSA is not responsible for the content of external internet websites that link to or are accessible from this website. NIFSA does not assume any responsibility or liability with respect to any website accessed through this website.

Unless otherwise stated, all views expressed are those of NIFSA, these views do not constitute investment or any other advice.

Copyright provisions:

The entire content of this website is subject to copyright with all rights reserved to Nordea Investment Funds S.A. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of NIFSA.

AML & CTF provisions:

Nordea Investment Funds S.A. is committed to prevent Money Laundering and Counter Terrorist Financing in accordance with the legal framework enforced by the European Union (“equivalent country”) and in particular with the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Accordingly we may need additional information to verify your identity and carry out appropriate security checks.

Operational capabilities of the website:

NIFSA will use every reasonable effort to keep this website operational at all times but no guarantee can be given. Whilst NIFSA uses every reasonable effort to ensure that the website is free from viruses and defects is it your responsibility to ensure that the correct equipment is used to protect from anything that might damage it when using this website.

Email provisions:

The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. We recommend the user to avoid forwarding personal data or other confidential messages to NIFSA via e-mail. NIFSA or other service providers are not liable to carry out orders or instructions submitted via public e-mail. NIFSA is entitled, if requested by the user, to provide general information via e-mail to the e-mail address defined by the user. NIFSA shall neither be responsible nor liable for losses or damages occurred by any disappearance or transformation of such a message.

January 2019

Nordea Asset Management Data Privacy Policy

We, Nordea Asset Management, are fully committed to protecting your individual rights and keeping your personal data safe. In this Privacy Policy we describe the collection, usage, storage and sharing practices of personal data.

Nordea Asset Management (“NAM”) is the functional name of the asset management business owned by NAM Holding and conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB and their branches, subsidiaries and representative offices. Within NAM, the data controller will be either Nordea Investment Management AB and/or Nordea Investment Funds S.A or their subsidiaries.

You can visit https://www.nordea.com/en/about-nordea/contact/ for a full overview of Nordea entities and their current contact information.

We process individuals’ personal data for a number of reasons. When we write «you», we mean you as a data subject in your role as a customer, our customer’s employee or representative, a potential customer’s employee, collaboration partner, insight provider or other, such as beneficial owner, authorised representative and associated party.

This Privacy Policy covers the following areas:

1. What personal data we collect
2. Purpose and lawfulness of processing your personal data
3. Who we may disclose your personal data
4. How we protect your personal data 
5. How long we keep your personal data
6. Your privacy rights
7. Cookies
8. How changes to the Privacy Policy and the Cookies policy will be made
9. Contacting us or the data protection authority 


1. What personal data we collect.

Personal data is in most cases either collected directly from you, a third party acting on your behalf, a third party that you represent, or generated as part of your use of our services and products. Sometimes additional information is required to keep information up to date or to verify information we collect.

The personal data we might collect can be grouped into the following categories:
• Identification information: national identification number and name. We are obliged to collect documentation of such information when entering into a contractual relationship, for instance in the form of copies of your passport, driver’s license, or the like.

• Contact information: email address, phone numbers and addresses and other typical business card information. For most individuals, work- as opposed to private contact information is the only contact information we collect, process or control.

• Financial information: type of agreement, transaction information, account information.

• Information related to legal requirements: country of taxation or foreign tax payer reference, customer/company due diligence and anti-money laundering requirements.

Personal data we may collect from you:
We may collect and keep information you provide directly to us. For example, when becoming a representative or contact of a customer or collaboration partner, we collect personal data, such as name, e-mail address and phone number. In some cases, also national identification number for verification purposes. For existing private customers, income and debt information has also been collected to be able to provide you with the product or service in question.
We may also collect and keep information which you provide us with, such as messages you have sent us, e.g. feedback or a request in our digital channels. Telephone calls and chat conversations with you may also be recorded and logged for compliance reasons and for verification of orders, documentation, and for purposes of improving the quality of the services we provide. For security purposes, we may have cameras in our offices.

Personal data we may collect from third parties:
We may collect information that is publicly available and that can be retrieved from external sources; such as in registers held by governmental agencies (tax authorities, company registration offices, enforcement authorities), sanction lists (held by international organisations such as the EU and UN as well as national organisations such as Office of Foreign Assets Control (OFAC)), registers held by other commercial information providers providing information on e.g. beneficial owners and politically exposed persons.
In connection with payments, we collect information from remitters, banks, payment service providers and others.

We may also collect information from other entities within NAM, the Nordea Group or other entities which we collaborate with.


2. Purpose and lawfullness of processing your personal data

We use your personal data to comply with legal and contractual obligations as well as to provide you with information on products and services.

Entering into and administration of service and product agreements (performance of a contract)
The main purpose of our processing of personal data in this regard is to collect, verify, and process personal data prior to giving an offer and entering into a contract with relevant stakeholders as well as documenting, administering and completing tasks for the performance of contracts.

Examples of the performance of a contract:
• processes needed concerning e.g. subscription and redemption of funds
• customer service during the contract period, e.g. reporting on performance of a product

Fulfilment of legal obligations
In addition to the performance of contract, processing of personal data also takes place for us to fulfil obligations under law, regulations or authority decisions.
Examples of processing due to legal obligations:
• Know Your Customer requirements
• Preventing, detecting, and investigating money laundering, terrorist financing, and fraud
• Sanctions screening
• Reporting to tax authorities, police authorities, enforcements authorities, supervisory authorities
• Market opening for funds in some emerging market countries
• Other obligations related to service or product specific legislations, for example securities or funds

Marketing, product- and customer analysis (legitimate interest)
Personal data is also processed in the context of business to business marketing. This is to deliver requested information, improve our product range and optimize our customer offerings.

IT security and development (legitimate interest)
Systems and means of processing needed to deliver services and products to you are continuously being developed and internally tested to ensure the ongoing confidentiality, integrity, availability and resilience. The testing process is by design limited to key identifiers necessary to perform the testing and all other directly or indirectly identifiable personal information are masked.
Compliance with applicable financial industry secrecy obligations are ensured in all cases.

Profiling and Automated decision-making
NAM entities use profiling and automated decision making to detect, prevent and investigate money laundering, terrorist financing, and fraud following Know Your Customer and sanction screening requirements.


3.  Who we disclose your personal data to
We may share your personal data with others such as public authorities, NAM entities, Nordea Group companies, suppliers, service providers and business partners. Before sharing we will always ensure that we respect applicable financial industry secrecy obligations and that we comply with applicable data protection regulation.

Third parties and Nordea Group companies
To provide our services, we may disclose data about you that is necessary to identify you and perform an assignment or agreement with companies that we cooperate with (such as a custodian bank) to perform our services.
We may also disclose personal data to authorities to the extent we are under statutory obligation to do so. Such authorities include national tax authorities, police authorities, enforcement authorities and supervisory authorities.
In addition, data may be disclosed, with your consent or if this is permitted pursuant to legislation, internally in NAM entities or Nordea Group and to external business partners (including correspondent banks, other banks, vendor partners of finance object and re-insurers).
We have entered into agreements with selected suppliers, which include processing of personal data on behalf of us. Examples thereof are suppliers of IT development, maintenance, hosting and support.

Third country transfers
In some cases, we may also transfer personal data to entities as referenced above in so-called third countries (countries outside of the European Economic Area). Such transfers may be made if any of the following conditions apply:
• The European Commission has decided that there is an adequate level of protection in the country in question

• Other appropriate safeguards have been taken, for example the use of the standard contractual clauses (EU model-clauses) approved by the European Commission or the data processor has valid Binding Corporate Rules (BCR) in place

• Exceptions in special situations, such as to fulfil a contract with you or you consent to the specific transfer.

You can access a copy of the relevant EU model-clauses used by Nordea for transfers by going to www.eur-lex.europa.eu and search for 32010D0087


4. How we protect your personal data 
Keeping your personal data safe and secure is important to our business. We use appropriate technical, organizational and administrative security measures to protect any information we obtain from loss, misuse, and unauthorized access, disclosure, alteration and destruction.



5. How long we process your personal data 
We will keep your data for as long as it is needed for the purposes for which your data was collected and processed or required by laws and regulations.
In case we keep your data for other purposes than for the performance of a contract, such as for anti-money laundering, B2B marketing, bookkeeping and regulatory capital adequacy requirements, we keep the data only if necessary and/or mandated by laws and regulations for the respective purpose.
Keep in mind that retention obligations may differ within NAM, subject to applicable local legislation. 



6. Your privacy rights
You as a data subject have rights in respect of personal data we process concerning you. You have the following rights;

Request access to your personal data
You have a right to access to the personal data we are processing about you. Your right to access may, however, be restricted by legislation, protection of other persons’ privacy and consideration for NAM’s business concept and business practices. NAM’s know-how, business secrets as well as internal assessments and material may restrict your right of access.

Request correction of incorrect or incomplete data
If relevant data is incorrect or incomplete, you are entitled to have the data rectified, subject to any restrictions in legislation.

Request erasure
You have the right to request erasure of your data in case:
• You withdraw your consent to the processing and there is no other legitimate reason for processing
• You object to the processing and there is no justified reason for continuing the processing
• You object to processing for direct marketing
• Processing is unlawful
• When processing personal data on minors, if the data was collected in connection with the provision of information society services

Due to the financial sector legislation we are in many cases obliged to retain personal data concerning you during your customer relationship, and even after that, e.g. to comply with a statutory obligation or where processing is carried out to manage legal claims.

Request limitation on processing of personal data
If you contest the correctness of the data which we have registered about you or lawfulness of processing, or if you have objected to the processing of the data in accordance with your right to object, you may request us to restrict the processing of these data to only storage. The processing will only be restricted to storage, until the correctness of the data can be established, or it can be checked whether our legitimate interests override your interests.
If you are not entitled to erasure of the data which we have registered about you, you may instead request that we restrict the processing of these data to only storage. If the processing of the data which we have registered about you is solely necessary to assert a legal claim, you may also demand that other processing of these data be restricted to storage. We may process your data for other purposes if this is necessary to assert a legal claim or if you have granted your consent to this.

Object to processing based on our legitimate interest
You can always object to the processing of personal data concerning you for direct marketing and profiling in connection to such marketing.

Withdraw consent(s) previously given to us at any time
Withdrawal will not affect the lawfulness of processing based on that consent before the withdrawal. Withdrawing consent to processing of personal data needed in order to deliver services and products to you may result in the termination of contractual engagements.

Request data portability
You have a right to receive personal data that you have provided to us in a machine-readable format. This right applies to personal data processed only by automated means and on the basis consent or of fulfilling a contract. Where secure and technically feasible, we may also transmit the data to another data controller.

File complaint with supervisory authorities
You have the right to file a complaint with the supervisory authority in the member state of your habitual residence, place of work or place of the alleged infringement if you believe that the processing of personal data relating to you is unlawful.
Your request to exercise your rights as listed above will be assessed given the circumstances in the individual case.


7. Cookies
We collect, process and analyse data regarding the use of our webpages. Traffic data is data connected to visitors on the webpage and data handled in communication fields for sending, distributing or making messages available.
We use cookies and similar technologies to deliver products and services to you, provide a secure online environment, manage our marketing and provide a better online experience, track our website
performance and to make our website content more relevant to you. The data will not be used to identify individual visitors.
You can set or amend your web browser controls to accept or reject cookies. If you choose to reject cookies, you may still use our websites and some services, however your access to some functionality and areas of our website or services may be restricted substantially.
For more information, see cookies at the footer of our local website Nordea.lu or Nordea.com/am.


8. How changes to this Privacy Policy and the Cookies policy will be made 
We are constantly working on improving and developing our services, products and websites. Consequently, we may change this Data Privacy Policy from time to time. We will not reduce your rights under this Data Privacy Policy or under applicable data protection laws in the jurisdictions we operate. If the changes to the Data Privacy Policy are significant, we will provide a notice when we are required to do so by applicable law. Please review this Data Privacy Policy from time to time to stay updated on any changes.  


9. Contact us 
If you have any questions regarding this policy (e.g. regarding your rights, their use or contact information of relevant Data Protection Authorities), please contact the NAM Data Protection Office directly by sending your message to [email protected] or by sending a letter to: Nordea Asset Management, Data Protection Office, c/o Strandgade 3, PO Box 850, 0900 København K, Denmark.

  • 1. Terms and conditions
  • 2. Data privacy policy

Provision on the modification of terms & conditions:

Nordea Investment Funds S.A. (NIFSA) reserves the right to modify these terms and conditions on this website at any time, with immediate effect and without prior notice. If the terms and conditions are amended you will be required to read and accept these terms and conditions again.

Restrictions of Website:

The information on this website should not be accessed by any person or entity in any jurisdiction or country where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons accessing this website are required to inform themselves about and observe any relevant restrictions. NIFSA does not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. NIFSA cannot be held responsible for any damages or losses that occur from transactions and/or services in violation of the relevant rules of the purchaser’s home jurisdiction. This website is in particular exclusively reserved for non-US Persons*. The information in this website is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of US Persons.”


* US Persons are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed “US Persons” under certain rules.

Issuer of the website:

This website is issued and operated by Nordea Investment Funds S.A. (NIFSA), 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier in Luxembourg. NIFSA is registered with the commercial register in Luxembourg (Registre de commerce et des sociétés; or “RCS”) under company number B 31619.

MiFID:

Please note that UCITS management companies, which do not provide additional and non-core services within the meaning of article 5(3) of the UCITS Directive in principle are not covered by MiFID rules (EU Directive 2014/65/EU, dated 15 May 2014, on markets in financial instruments and its implementing measures). Therefore does NIFSA not warrant or guarantee that the materials and information contained on this website are compliant with the marketing requirements of the MiFID Directive, except where compelled by local laws and regulations.

Qualification of the website:

This website is considered marketing communication and contains general information about NIFSA, the NIFSA managed funds which are available to your investor type and in your country/jurisdiction and Nordea Asset Management. This website does neither amount to an investment advice nor does it constitute i) a recommendation to invest in any financial product, investment structure or instrument, ii) tax advice, to enter into or unwind any transaction or to participate in any particular trading strategy. This website is not an offer to buy any security. Consequently, the information contained herein will be superseded in its entirety by contractual arrangement in its final form entered into for the purpose of an investment in a NIFSA managed fund. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (KIID) relating to the investment.

Information about the funds and availability of the statutory documents:

The sub-funds mentioned on this website are part of the following investment fund:


UCITS-SICAV:
Nordea 1, SICAV, all open-ended Luxembourg-based investment company with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”), validly incorporated and existing in accordance with Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment in transferable securities (Law of 17 December 2010);

The legal documents, including the current prospectus and Key Investor Information Document (KIID), are available in English and in the local language of the market where the aforementioned funds are 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 on Nordea Investment Funds S.A. and the funds managed by it.

Local specific provisions:

This website is only for investors in Luxembourg.

Generic statement about risks, performance and comparisons:

The value of shares/units of the funds mentioned herein and any income from them may vary over time and you may not recover the invested amount.

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 and alternative products involve a higher element of risk. For further details of investment risks associated with Nordea funds, please refer to the relevant prospectus or Key Investor Information Document (KIID), where applicable, available as described above. For further details of investment risks associated with each respective sub-fund investment, please refer to the relevant Key Investor Information Document (KIID), available as described above.

Estimates of future returns or indications of past performance shown on this website are for information purposes only and are not reliable indicators for future performance. Past performance is not a reliable indicator of future results and investors may not recover the full amount invested. There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. Comparison with other financial products or benchmarks is only meant for indicative purposes.

Tax matters:

The levels of and relief from taxation of both, the fund and/or the individual investor may change. Investors should take into account their tax status together with the effects of any anticipated investment. The tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

Limitation of liability regarding accuracy / completeness of the information:

Whilst NIFSA will use every reasonable effort to ensure that the information contained on this website is accurate as at the date of publication of such materials, can no guarantee of the accuracy, suitability or completeness of any such information or the availability be given.
Neither NIFSA nor any other person accepts any liability whatsoever for any loss/damage (direct or consequential) arising from any use of this website or its contents, to third (3rd) party websites or otherwise arising in connection therewith.

Provision about specific content and functionalities e.g. views / research / hyperlink to third (3rd) party:

The website of NIFSA may contain links to other third-party websites that you may access following links from this website. NIFSA accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred, especially in cases where any damages result from the use or non-use of such incorrect information.

The hyperlinks on this website are only provided for convenience and information purposes. NIFSA is not responsible for the content of external internet websites that link to or are accessible from this website. NIFSA does not assume any responsibility or liability with respect to any website accessed through this website.

Unless otherwise stated, all views expressed are those of NIFSA, these views do not constitute investment or any other advice.

Copyright provisions:

The entire content of this website is subject to copyright with all rights reserved to Nordea Investment Funds S.A. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of NIFSA.

AML & CTF provisions:

Nordea Investment Funds S.A. is committed to prevent Money Laundering and Counter Terrorist Financing in accordance with the legal framework enforced by the European Union (“equivalent country”) and in particular with the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Accordingly we may need additional information to verify your identity and carry out appropriate security checks.

Operational capabilities of the website:

NIFSA will use every reasonable effort to keep this website operational at all times but no guarantee can be given. Whilst NIFSA uses every reasonable effort to ensure that the website is free from viruses and defects is it your responsibility to ensure that the correct equipment is used to protect from anything that might damage it when using this website.

Email provisions:

The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. We recommend the user to avoid forwarding personal data or other confidential messages to NIFSA via e-mail. NIFSA or other service providers are not liable to carry out orders or instructions submitted via public e-mail. NIFSA is entitled, if requested by the user, to provide general information via e-mail to the e-mail address defined by the user. NIFSA shall neither be responsible nor liable for losses or damages occurred by any disappearance or transformation of such a message.

January 2019

Nordea Asset Management Data Privacy Policy

We, Nordea Asset Management, are fully committed to protecting your individual rights and keeping your personal data safe. In this Privacy Policy we describe the collection, usage, storage and sharing practices of personal data.

Nordea Asset Management (“NAM”) is the functional name of the asset management business owned by NAM Holding and conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB and their branches, subsidiaries and representative offices. Within NAM, the data controller will be either Nordea Investment Management AB and/or Nordea Investment Funds S.A or their subsidiaries.

You can visit https://www.nordea.com/en/about-nordea/contact/ for a full overview of Nordea entities and their current contact information.

We process individuals’ personal data for a number of reasons. When we write «you», we mean you as a data subject in your role as a customer, our customer’s employee or representative, a potential customer’s employee, collaboration partner, insight provider or other, such as beneficial owner, authorised representative and associated party.

This Privacy Policy covers the following areas:

1. What personal data we collect
2. Purpose and lawfulness of processing your personal data
3. Who we may disclose your personal data
4. How we protect your personal data 
5. How long we keep your personal data
6. Your privacy rights
7. Cookies
8. How changes to the Privacy Policy and the Cookies policy will be made
9. Contacting us or the data protection authority 


1. What personal data we collect.

Personal data is in most cases either collected directly from you, a third party acting on your behalf, a third party that you represent, or generated as part of your use of our services and products. Sometimes additional information is required to keep information up to date or to verify information we collect.

The personal data we might collect can be grouped into the following categories:
• Identification information: national identification number and name. We are obliged to collect documentation of such information when entering into a contractual relationship, for instance in the form of copies of your passport, driver’s license, or the like.

• Contact information: email address, phone numbers and addresses and other typical business card information. For most individuals, work- as opposed to private contact information is the only contact information we collect, process or control.

• Financial information: type of agreement, transaction information, account information.

• Information related to legal requirements: country of taxation or foreign tax payer reference, customer/company due diligence and anti-money laundering requirements.

Personal data we may collect from you:
We may collect and keep information you provide directly to us. For example, when becoming a representative or contact of a customer or collaboration partner, we collect personal data, such as name, e-mail address and phone number. In some cases, also national identification number for verification purposes. For existing private customers, income and debt information has also been collected to be able to provide you with the product or service in question.
We may also collect and keep information which you provide us with, such as messages you have sent us, e.g. feedback or a request in our digital channels. Telephone calls and chat conversations with you may also be recorded and logged for compliance reasons and for verification of orders, documentation, and for purposes of improving the quality of the services we provide. For security purposes, we may have cameras in our offices.

Personal data we may collect from third parties:
We may collect information that is publicly available and that can be retrieved from external sources; such as in registers held by governmental agencies (tax authorities, company registration offices, enforcement authorities), sanction lists (held by international organisations such as the EU and UN as well as national organisations such as Office of Foreign Assets Control (OFAC)), registers held by other commercial information providers providing information on e.g. beneficial owners and politically exposed persons.
In connection with payments, we collect information from remitters, banks, payment service providers and others.

We may also collect information from other entities within NAM, the Nordea Group or other entities which we collaborate with.


2. Purpose and lawfullness of processing your personal data

We use your personal data to comply with legal and contractual obligations as well as to provide you with information on products and services.

Entering into and administration of service and product agreements (performance of a contract)
The main purpose of our processing of personal data in this regard is to collect, verify, and process personal data prior to giving an offer and entering into a contract with relevant stakeholders as well as documenting, administering and completing tasks for the performance of contracts.

Examples of the performance of a contract:
• processes needed concerning e.g. subscription and redemption of funds
• customer service during the contract period, e.g. reporting on performance of a product

Fulfilment of legal obligations
In addition to the performance of contract, processing of personal data also takes place for us to fulfil obligations under law, regulations or authority decisions.
Examples of processing due to legal obligations:
• Know Your Customer requirements
• Preventing, detecting, and investigating money laundering, terrorist financing, and fraud
• Sanctions screening
• Reporting to tax authorities, police authorities, enforcements authorities, supervisory authorities
• Market opening for funds in some emerging market countries
• Other obligations related to service or product specific legislations, for example securities or funds

Marketing, product- and customer analysis (legitimate interest)
Personal data is also processed in the context of business to business marketing. This is to deliver requested information, improve our product range and optimize our customer offerings.

IT security and development (legitimate interest)
Systems and means of processing needed to deliver services and products to you are continuously being developed and internally tested to ensure the ongoing confidentiality, integrity, availability and resilience. The testing process is by design limited to key identifiers necessary to perform the testing and all other directly or indirectly identifiable personal information are masked.
Compliance with applicable financial industry secrecy obligations are ensured in all cases.

Profiling and Automated decision-making
NAM entities use profiling and automated decision making to detect, prevent and investigate money laundering, terrorist financing, and fraud following Know Your Customer and sanction screening requirements.


3.  Who we disclose your personal data to
We may share your personal data with others such as public authorities, NAM entities, Nordea Group companies, suppliers, service providers and business partners. Before sharing we will always ensure that we respect applicable financial industry secrecy obligations and that we comply with applicable data protection regulation.

Third parties and Nordea Group companies
To provide our services, we may disclose data about you that is necessary to identify you and perform an assignment or agreement with companies that we cooperate with (such as a custodian bank) to perform our services.
We may also disclose personal data to authorities to the extent we are under statutory obligation to do so. Such authorities include national tax authorities, police authorities, enforcement authorities and supervisory authorities.
In addition, data may be disclosed, with your consent or if this is permitted pursuant to legislation, internally in NAM entities or Nordea Group and to external business partners (including correspondent banks, other banks, vendor partners of finance object and re-insurers).
We have entered into agreements with selected suppliers, which include processing of personal data on behalf of us. Examples thereof are suppliers of IT development, maintenance, hosting and support.

Third country transfers
In some cases, we may also transfer personal data to entities as referenced above in so-called third countries (countries outside of the European Economic Area). Such transfers may be made if any of the following conditions apply:
• The European Commission has decided that there is an adequate level of protection in the country in question

• Other appropriate safeguards have been taken, for example the use of the standard contractual clauses (EU model-clauses) approved by the European Commission or the data processor has valid Binding Corporate Rules (BCR) in place

• Exceptions in special situations, such as to fulfil a contract with you or you consent to the specific transfer.

You can access a copy of the relevant EU model-clauses used by Nordea for transfers by going to www.eur-lex.europa.eu and search for 32010D0087


4. How we protect your personal data 
Keeping your personal data safe and secure is important to our business. We use appropriate technical, organizational and administrative security measures to protect any information we obtain from loss, misuse, and unauthorized access, disclosure, alteration and destruction.



5. How long we process your personal data 
We will keep your data for as long as it is needed for the purposes for which your data was collected and processed or required by laws and regulations.
In case we keep your data for other purposes than for the performance of a contract, such as for anti-money laundering, B2B marketing, bookkeeping and regulatory capital adequacy requirements, we keep the data only if necessary and/or mandated by laws and regulations for the respective purpose.
Keep in mind that retention obligations may differ within NAM, subject to applicable local legislation. 



6. Your privacy rights
You as a data subject have rights in respect of personal data we process concerning you. You have the following rights;

Request access to your personal data
You have a right to access to the personal data we are processing about you. Your right to access may, however, be restricted by legislation, protection of other persons’ privacy and consideration for NAM’s business concept and business practices. NAM’s know-how, business secrets as well as internal assessments and material may restrict your right of access.

Request correction of incorrect or incomplete data
If relevant data is incorrect or incomplete, you are entitled to have the data rectified, subject to any restrictions in legislation.

Request erasure
You have the right to request erasure of your data in case:
• You withdraw your consent to the processing and there is no other legitimate reason for processing
• You object to the processing and there is no justified reason for continuing the processing
• You object to processing for direct marketing
• Processing is unlawful
• When processing personal data on minors, if the data was collected in connection with the provision of information society services

Due to the financial sector legislation we are in many cases obliged to retain personal data concerning you during your customer relationship, and even after that, e.g. to comply with a statutory obligation or where processing is carried out to manage legal claims.

Request limitation on processing of personal data
If you contest the correctness of the data which we have registered about you or lawfulness of processing, or if you have objected to the processing of the data in accordance with your right to object, you may request us to restrict the processing of these data to only storage. The processing will only be restricted to storage, until the correctness of the data can be established, or it can be checked whether our legitimate interests override your interests.
If you are not entitled to erasure of the data which we have registered about you, you may instead request that we restrict the processing of these data to only storage. If the processing of the data which we have registered about you is solely necessary to assert a legal claim, you may also demand that other processing of these data be restricted to storage. We may process your data for other purposes if this is necessary to assert a legal claim or if you have granted your consent to this.

Object to processing based on our legitimate interest
You can always object to the processing of personal data concerning you for direct marketing and profiling in connection to such marketing.

Withdraw consent(s) previously given to us at any time
Withdrawal will not affect the lawfulness of processing based on that consent before the withdrawal. Withdrawing consent to processing of personal data needed in order to deliver services and products to you may result in the termination of contractual engagements.

Request data portability
You have a right to receive personal data that you have provided to us in a machine-readable format. This right applies to personal data processed only by automated means and on the basis consent or of fulfilling a contract. Where secure and technically feasible, we may also transmit the data to another data controller.

File complaint with supervisory authorities
You have the right to file a complaint with the supervisory authority in the member state of your habitual residence, place of work or place of the alleged infringement if you believe that the processing of personal data relating to you is unlawful.
Your request to exercise your rights as listed above will be assessed given the circumstances in the individual case.


7. Cookies
We collect, process and analyse data regarding the use of our webpages. Traffic data is data connected to visitors on the webpage and data handled in communication fields for sending, distributing or making messages available.
We use cookies and similar technologies to deliver products and services to you, provide a secure online environment, manage our marketing and provide a better online experience, track our website
performance and to make our website content more relevant to you. The data will not be used to identify individual visitors.
You can set or amend your web browser controls to accept or reject cookies. If you choose to reject cookies, you may still use our websites and some services, however your access to some functionality and areas of our website or services may be restricted substantially.
For more information, see cookies at the footer of our local website Nordea.lu or Nordea.com/am.


8. How changes to this Privacy Policy and the Cookies policy will be made 
We are constantly working on improving and developing our services, products and websites. Consequently, we may change this Data Privacy Policy from time to time. We will not reduce your rights under this Data Privacy Policy or under applicable data protection laws in the jurisdictions we operate. If the changes to the Data Privacy Policy are significant, we will provide a notice when we are required to do so by applicable law. Please review this Data Privacy Policy from time to time to stay updated on any changes.  


9. Contact us 
If you have any questions regarding this policy (e.g. regarding your rights, their use or contact information of relevant Data Protection Authorities), please contact the NAM Data Protection Office directly by sending your message to [email protected] or by sending a letter to: Nordea Asset Management, Data Protection Office, c/o Strandgade 3, PO Box 850, 0900 København K, Denmark.

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July 2019

Notice To Shareholders

Download legal notice

NOTICE OF MERGER TO SHAREHOLDERS OF

Nordea 1 –  Emerging Market Hard Currency Bond Fund

Dear Shareholder,

We are writing to inform you that the boards of directors of Nordea 1, SICAV and of Nordea 2, SICAV (the “Boards of Directors”) have decided to merge Nordea 1 –– Emerging Market Hard Currency Bond Fund  (the “Merging Fund”) into Nordea 2, SICAV – Emerging Market Hard Currency Enhanced Bond Fund  (the “Receiving Fund”), (the ‘’Merger’’).

The Merging Fund together with the Receiving Fund are hereinafter to be referred to as the “Funds”.

The Merger shall become effective on 11 September 2019 (the “Effective Date”).

On the Effective Date, all assets and liabilities of the Merging Fund will be moved to the Receiving Fund. The Merging Fund will cease to exist as a result of the Merger and thereby will be dissolved on the Effective Date without going into liquidation.

Shareholders who agree with the changes proposed in this notice do not need to take any action.

Shareholders who do not agree with the Merger have the right to request the redemption or switch their shares in shares of the same or another share class of another fund managed by Nordea Investment Funds S.A., not involved in the Merger, free of charges (other than those retained to meet disinvestment costs (as the case may be)) as further described below. Conditions for switches are described in the prospectus of Nordea 1, SICAV.

Decision must be taken by 2 September 2019 before 15h30 (CET).

This notice describes the implications of the Merger and must be read carefully. The Merger may impact your tax situation. Shareholders in the Funds are advised to consult their professional advisers in relation  to the legal, financial and tax implications of the Merger under the laws of the countries of their nationality, residence, domicile or incorporation.

Capitalized terms not defined herein have the same meaning as in the prospectus of Nordea 1, SICAV and Nordea 2, SICAV.

  1. Reason for the Merger and impacts
    1. Reasons

The Merger is undertaken as a matter of economic efficiency in the operation and management of the Funds; with the Merger, funds following the enhanced strategy, such as the Merging Fund, part of Nordea 1, SICAV, will be concentrated into one umbrella (Nordea 2, SICAV) and have the same branding by including “enhanced” in the fund name. It will then be more efficient to operate the enhanced family, of which the Receiving Fund will be part, and the management will benefit from having all strategies in the same legal entity, Nordea 2, SICAV.

  1. Similarities

Both Nordea 1, SICAV and Nordea 2, SICAV have been established in Luxembourg in accordance with part I of the 2010 Law so that shareholders of the Merging Fund will continue to hold shares in a regulated investment company and will benefit from the general safeguards applicable to undertakings for collective investment in transferable securities (UCITS) subject to Directive 2009/65/EC. As a result, the rights granted to the shareholders in the Receiving Fund are very similar to those in the Merging Fund.

The investment objectives, policies and strategies of the Merging Fund and of the Receiving Fund are similar and lead to the same market exposures. Accordingly, there is no intention to undertake any rebalancing of the portfolio of the Merging Fund as a result of the Merger.

The Merging Fund and the Receiving Fund have identical investment management fee rates.

Both Funds show a synthetic risk and reward indicator (“SRRI”) of 4.

The base currency of both Funds is USD.

The methodology used to measure the global exposure of the Receiving Fund is the same as that of the Merging Fund.

The portfolio management of both Funds is carried out by Nordea Investment Management AB.

Both Funds are suitable for investors who have an investment horizon of at least 5 years.

  1. Key Differences

As a result of the Merger, the shareholders of the Merging Fund will benefit from lower overall cost in the Receiving Fund, with similar investment strategy as the Merging Fund.

The Receiving Fund may invest directly into Chinese Debt Securities via CIBM or via Bond Connect and the China related risk is consequently added.

The investment objective and policy of the Merging Fund and the Receiving Fund are further disclosed in appendix I.

  1. Potential Benefits

The Merger aims to provide the benefit of greater fund size in the future through more attractive overall fees and therefore, economies of scale, with the expectation that this should enable to attract investors in the long-term.

  1. Impact of the Merger

Impact of the Merger on the shareholders in the Merging Fund

In order to enable the Merger to be carried out efficiently, as of 15h30 (CET), on 2 September 2019, there will be a suspension of dealings, whereby no further subscriptions or switches in the Merging Fund will be accepted. The Merger will be binding for all shareholders of the Merging Fund who have not exercised their right to request the redemption or switches of their shares during the period, commencing from the publication date of this notice and ending at 15h29 (CET) on 2 September 2019,, which would be performed without any charges other than those retained by the Merging Fund to meet disinvestment costs.

The last net asset value of the Merging Fund will be calculated as of 10 September 2019.

On the Effective Date, shareholders of the Merging Fund who have not exercised their right to redeem or switch free of charge, will thus become shareholders of the Receiving Fund and receive shares in the corresponding share class of the Receiving Fund as further described below:

Nordea 1 – Emerging Market Hard Currency Bond Fund

Nordea 2, SICAV – Emerging Market Hard Currency Enhanced Bond Fund  

Share class

ISIN

Ongoing Charges

Share class

ISIN

Ongoing Charges*

BI–EUR

LU1160615974

0.73%

BI–EUR

LU1160615974

0.57%

BI-USD

LU1160616436

0.73%

BI-USD

LU1160616436

0.57%

BP–EUR

LU1160617913

1.26%

BP–EUR

LU1160617913

1.01%

BP–USD

LU1160618309

1.26%

BP–USD

LU1160618309

1.01%

E–EUR

LU1160615206

2.01%

E–EUR

LU1160615206

1.76%

E-USD

LU1160615545

2.01%

E-USD

LU1160615545

1.76%

HB–EUR

LU1160618721

1.26%

HB–EUR

LU1160618721

1.01%

HB–SEK

LU1160619026

1.26%

HB–SEK

LU1160619026

1.01%

HBC-EUR

LU1160614811

0.91 %

HBC-EUR

LU1160614811

0.71%

HBI-DKK

LU1160616782

0.73%

HBI-DKK

LU1160616782

0.57%

HBI-EUR

LU1160616865

0.73%

HBI-EUR

LU1160616865

0.57%

HY-EUR

LU1725883521

0.09%

HY-EUR

LU1725883521

0.06%

HY-DKK

LU0994700200

0.09%

HY-DKK

LU0994700200

0.06%

*Ongoing charges of the Receiving Fund are based on historical ongoing charges of similar share classes.

Impact of the Merger on the Receiving Fund

As the Receiving Fund will be launched with the absorption of the Merging Fund on the Effective Date and will not have any shareholders prior to the Effective Date, the Merger will have no impact on the shareholders of the Receiving Fund.

The ISIN codes of the share classes of the Merging Fund will remain the same in the Receiving Fund and the Receiving Fund will keep the price history of the Merging Fund. The key investor information documents (the “KIIDs”) of the Receiving Fund will show the past performance of the Merging Fund.

Impact of the Merger on the Funds

The procedures that apply to matters such as dealing, subscription, redemption, switching and transferring of shares and method of calculating the net asset value, are the same in the Merging Fund and the Receiving Fund.

  1. Criteria adopted for valuation of the assets and liabilities on the date of calculating the exchange ratio

On the business day prior to the Effective Date, the Management Company will determine the exchange ratio.

The assets and liabilities of the Merging Fund will be valued in accordance with principles laid down in the articles of incorporation and the current prospectus of Nordea 1, SICAV.

  1. Calculation method of the exchange ratio

The same number of shares in the Receiving Fund will be allocated to the shareholders of the Merging Fund with a net asset value calculated in accordance with the Prospectus and audited by the auditor of the Companies. The relevant shares in the Merging Fund will then be cancelled.

PricewaterhouseCoopers, société coopérative, 2, rue Gerhard Mercator, L-2182 Luxembourg has been appointed as the independent auditor in charge of preparing a report validating the conditions foreseen in Article 71 (1), items a) to c) of the 2010 law for the purpose of the Merger.

The exchange ratio will be calculated on the business day prior to the Effective Date, based on the net asset value calculated as of 10 September 2019.

No cash payment shall be made to shareholders in exchange for the shares as a result of the Merger.

  1. Additional documents available

The following documents are available to the shareholders of the Funds at the registered office of Nordea 1, SICAV on request and free of charge:

  • A copy of the report of the auditor validating the criteria adopted for valuation of the assets and, as the case may be, the liabilities and the calculation method of the exchange ratio as well as the exchange ratio);
  • The prospectus of Nordea 1, SICAV and Nordea 2, SICAV; and;
  • the KIIDs of the Funds.

The attention of the shareholders of the Merging Fund is drawn to the importance of reading the KIID of the Receiving Fund before making any decision in relation to the Merger. The KIIDs of the Receiving Fund are also available on www.nordea.lu.

  1. Costs of the Merger

The Management Company will bear the legal, advisory and administrative costs and expenses associated with the preparation and completion of the Merger.  

  1. Tax

Shareholders are invited to consult their own tax advisors in respect to the tax impact of the contemplated Merger.

  1. Additional information

Shareholders having any question relating to the above changes should not hesitate to contact their financial advisor or the Management Company: Nordea Investment Funds S.A., Client Relationship Services at the following telephone number: +352 27 86 51 00

Yours faithfully

On behalf of the Board of Directors

26 July 2019

Appendix I

Key features of the Merging Fund and of the Receiving Fund

The Merging Fund

Nordea 1 – Emerging Market Hard Currency Bond Fund

The Receiving Fund

Nordea 2, SICAV – Emerging Market Hard Currency Enhanced Bond Fund

Investment objective and policy

The Fund’s objective is to prudently invest the shareholder’s capital and to provide a return exceeding the average return of the emerging market bond markets.

Investment objective and policy

The Fund´s objective is to prudently invest the shareholder’s capital.

The Fund is a diversified active product which targets modest levels of return above its reference index.

Eligible assets

The Fund invests at least two-thirds of its total assets (excluding cash) in debt securities and credit default swaps issued by public authorities, quasi sovereigns or private borrowers, which are domiciled or exercise the predominant part of their economic activity in emerging markets. These securities are denominated in hard currencies, such as USD or EUR. Emerging markets include countries located in Latin America, Eastern Europe, Asia, Africa or the Middle East.

The Fund may invest up to 10% of its total assets (excluding cash) in asset backed securities.

The Fund may be exposed to other currencies than the base currency through investments and/or cash holdings. The main currency exposure in the Fund is to the base currency.

Eligible assets

The Fund invests a minimum of two-thirds of its total assets (excluding cash) in debt securities issued and credit default swaps issued by public authorities, quasi sovereigns or private borrowers, which are domiciled or exercise the predominant part of their economic activity in Emerging Markets. These securities are denominated in hard currencies, such as USD or Euro.

The Fund may invest up to 10% of its total assets (excluding cash) in asset-backed securities.

The Fund is allowed to invest directly into Chinese debt securities via CIBM or via Bond Connect.

The Fund may be exposed to other currencies than the base currency through investments and/or cash holdings. The main currency exposure in this Fund is to the base currency.

Index

The Merging Fund uses JP Morgan Emerging Markets Bond Index Global Diversified for performance comparison only.

Index

The Receiving Fund uses JP Morgan Emerging Markets Bond Index Global Diversified for performance comparison only.

Derivatives

The Fund may use derivatives to achieve an efficient portfolio management or with the aim of reducing risk and/or generating additional capital or income.

The use of derivatives is not cost or risk-free.

Derivatives

The Fund may use derivatives to achieve an efficient portfolio management or with the aim of reducing risk and/or generating additional capital or income.

The use of derivatives is not cost or risk-free.

Profile of the typical investor

Investors who understand the risks of the fund and plan to invest for at least 5 years. The fund may appeal to investors who are looking for investment growth and are interested in exposure to emerging bond markets

Profile of the typical investor

This Fund may not be appropriate for investors who plan wo withdraw their money within a period of 5 years. The Receiving Fund is suitable for the Investor who needs a well-diversified bond allocation in his portfolio.

Risks

The risk and reward profile indicator measures the risk of price fluctuations in the Merging Fund based on the last 5 years volatility and places the Merging Fund in category 4. This means that the purchase of units in the Merging Fund is connected to medium risk of such fluctuations.

Risks

The risk and reward profile indicator measures the risk of price fluctuations in the Receiving Fund based on the last 5 years volatility and places the Receiving Fund in category 4. This means that the purchase of units in the Receiving Fund is connected to medium risk of such fluctuations.

Specific risks

Following risks are materially relevant to the UCITS but are not adequately captured by the synthetic indicator and may cause additional loss:

– counterparty risk

– credit risk

– derivatives risk

– event risk

– liquidity risk

 

Specific risks

Following risks are materially relevant to the UCITS but are not adequately captured by the synthetic indicator and may cause additional loss:

– counterparty risk

– credit risk

– derivatives risk

– event risk

– liquidity risk

– China related risk

Base currency

USD

Base currency

USD

Fees charged to the Merging Fund

The Merging Fund shall bear the following fees:

1.             Management fee

The Management fee payable by the Merging Fund out of its assets to the Management Company is 0.90% p.a. for P and E Shares, 0.60% for C-shares and 0.50% for I-shares. Management fees for Y shares are zero.

2.              Performance fee

Nil

3.             Depositary fee

The maximum annual fee payable to the Depositary will not exceed 0,125% of the net asset value of the Merging Fund, plus any VAT if applicable. Reasonable expenses incurred by the Depositary or by other banks and financial institutions to whom safekeeping of the assets of Nordea 1, SICAV is entrusted are additional to the Depositary fee.

4.             Administration fee

The Merging Fund shall pay an administration fee of up to 0.40% p.a., plus any VAT if applicable to the Administrative Agent.

5.             Entry and Exit Charges :

Entry charges : Up to 3.00%

Exit charges : None

Fees charged to the Receiving Fund

The Receiving Fund shall bear the following fees:

1.             Management fee

The Management fee payable by the Receiving Fund out of its assets to the Management Company is up to 0.90% p.a. for P and E Shares, up to 0.60% for C-shares and up to 0.50% for I-shares.

Management fees for Y shares are zero.

2.              Performance fee

Nil

3.             Depositary fee

The maximum annual fee payable to the Depositary will not exceed 0,125% of the net asset value of the Receiving Fund, plus any VAT if applicable. Reasonable expenses incurred by the Depositary or by other banks and financial institutions to which safekeeping of the assets of Nordea 2, SICAV is entrusted are additional to the Depositary fee.

4.             Administration fee

The Receiving Fund shall pay an administration fee of up to 0.40% p.a., plus any VAT if applicable to the Administrative Agent.

5.             Entry and Exit Charges :

Entry charges : Up to 3.00 %

Exit charges : none

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