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Nordea unveils GEM small cap & unconstrained bond funds in quadruple launch
by Robert St George on Dec 16, 2013 at 10:32
Nordea Asset Management has expanded its range with four funds, spanning fixed income and emerging market equities.
Nordea’s Unconstrained Bond fund will be managed by MacKay Shields, a US-based credit specialist that runs almost £50 billion of assets. It seeks to find opportunities within fixed income through multi-sector asset allocation and active duration management.
The Nordea Emerging Markets Small Cap fund will be run by a Boston-based small cap boutique, Copper Rock Capital Partners. Copper Rock employs bottom-up stock selection, based on a blend of quantitative and fundamental research.
The Nordea Chinese Equity fund will be managed internally by Nordea’s international focus equity team, which uses fundamental research to create a concentrated high-conviction portfolio of Chinese equities. The fund intends to back stocks benefitting from a more consumer-driven economy.
The Nordea Nordic Corporate Bond fund will also be run internally by Nordea’s credit team, and will not invest in debt issued by the financial sector.
‘By employing a multi-boutique approach combining internal strengths with external competences, know-how and quality in investment, fund management becomes possible across a broad product range,’ said Christophe Girondel, head of global fund distribution at Nordea.
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