Nordea Asset Management has bolstered its SICAV fund range with the launch of two new bond strategies and two emerging market equity funds.
The firm has unveiled two of the funds as mandates for third parties, while a Chinese equity and corporate bond fund will be run by in-house teams.
Fixed income funds
The first of the two new fixed income strategies is the Nordea 1 – Unconstrained Bond fund, which will be overseen by US credit specialist MacKay Shields.
This fund will invest across all asset classes with limited benchmark constraints. Dan Roberts of MacKay Shields already runs three bond funds on mandate from Nordea.
The second fixed income strategy is the Nordea 1 – Nordic Corporate Bond fund, which will invest across Nordic bonds excluding financials, will be run by Nordea’s credit team.
It is designed to offer diversification from continental European credit markets and will be hedged in euros. The fund will focus on small and under-researched issuers.
Meanwhile, Nordea has also launched two equity funds focused on the emerging markets, the first of which is the Nordea 1 – Emerging Markets Small Cap Fund.
It will be managed by Boston-based small cap specialist Copper Rock Capital Partners, which will use a bottom-up stock selection style based on a blend of quantitative and fundamental research.
Secondly, the Nordea 1 – Chinese Equity Fund, managed by Nordea’s International Focus Equity team, will operate as a high-conviction portfolio focused of Chinese equities.
It seeks to invest in high quality companies set to benefit as the country transforms towards a more consumer driven economy.
Commenting on the launches, Christophe Girondel, global fund distribution at Nordea, said: ‘Over recent years we have been developing our product range in order to give clients an ever broader suite of investment strategies from which to choose.’
‘By launching these four new funds we further extend our potential to deliver alpha in various asset classes and market environments.’
These new launches brings the number of investment strategies offered by Nordea’s SICAV to 67, with more than half having over €100 million in assets under management