Nordea Asset Management recognized for “Best ESG European Equity Fund” at MainStreet Partners ESG Champions 2024 awards
On 22 January 2024, MainStreet Partners, the London-based ESG partner of top-tier investors and distributors, announced Nordea 1- European Stars Equity Fund has won its 2024 “ESG Champions” award for Best ESG European Equity Fund.
The ESG Champions awards recognise a select number of funds and asset managers that have excelled within a universe of 7,700 strategies managed by over 360 asset managers. Awards were given across several broad categories spanning Equities, Fixed Income, Multi-Asset and Thematic investing.
Hilde Jenssen, Head of Fundamental Equities at Nordea Asset Management:
“We are honoured to be a recipient of this ESG Champions 2024 Award for Nordea 1 – European Stars Equity Fund. Capitalizing on our experience in ESG integration via the ESG STARS concept, the Fund aims to benefit from Europe’s many leading companies supporting the green transition and a strong Europe, thanks to our ESG enhanced and style agnostic bottom-up approach.”
Nordea 1 – European Stars Equity Fund taps into current trends around repowering the EU, relocation of supply chains and energy independence. Managers take a balanced approach to portfolio construction which aims to identify strong fundamentals and ESG cases within both the ‘Value’ and ‘Growth/Quality’ parts of the European market.
Neill Blanks, Research Director at MainStreet Partners:
“The Nordea 1 - European Stars Equity Fund has been awarded Best ESG European Equity Fund. This recognition is attributed to its comprehensive integration of ESG principles throughout the entire process, encompassing portfolio construction, active ownership, and extensive ESG reporting. Despite the strategy being classified under SFDR Article 8, the Fundamental Equities Team seeks to invest in companies that lead in ESG solutions within Europe employing Nordea’s STARS approach and a proprietary ESG score. This score evaluates Environmental, Social, and Governance KPIs while also considering alignment with Sustainable Development Goals.”
Mainstreet Partners ESG Champions commendation is only awarded if asset managers meet or excel the strict parameters set out by Mainstreet Partners experts. The methodology has evolved over 16 years and includes a holistic assessment of three core pillars, meaning firms’ ESG credentials are analysed not just on portfolio holdings but on the fund’s strategy and that of the asset management firm as a whole.
Be aware of currency risk. In some circumstances you will receive payments in a different currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. For more information on risks the fund is exposed to, please refer to the section “Risk Descriptions” of the prospectus. Other risks materially relevant to the PRIIP not included in the summary risk indicator: Derivatives risk: Small movements in the value of an underlying asset can create large changes in the value of a derivative, making derivatives highly volatile in general, and exposing the fund to potential losses significantly greater than the cost of the derivative.
About Nordea Asset Management
Nordea Asset Management (NAM, AuM 240bn EUR*), is part of the Nordea Group, the largest financial services group in the Nordic region (AuM 360bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies.
Nordea Asset Management has a presence in Bonn, Brussels, Copenhagen, Frankfurt, Helsinki, Lisbon, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Santiago de Chile, Singapore, Stockholm, Vienna and Zurich. Nordea’s local presence goes hand in hand with the objective of being accessible and offering the best service to clients.
Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients. NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products.
Having entered the ESG space over 30 years ago, Responsible Investment is deeply rooted in our Nordic DNA. As an ESG pioneer and market leader we established an award-winning RI Team in 2009—now one of the largest in Europe. We currently offer a broad suite of RI solutions to investors of all types across the globe.
* Source: Nordea Investment Funds S.A., 30.09.2023
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 and their branches and subsidiaries. The funds mentioned are part of Nordea 1, SICAV, an open-ended Luxembourg-based investment company. The prospectus, the Key Information Document (KID) and the Key Investor Information Document (KIID) for UK investors, and the annual and semi-annual reports are available electronically or in hard copy in English and in the local language of the market where the mentioned SICAV is authorised for distribution, without charge upon request from the management company 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 as well as on www.nordea.lu. This material is intended to provide the reader with information on Nordea Asset Management specific capabilities, general market activity or industry trends and is not intended to be relied upon as a forecast or research. This material, or any views or opinions expressed herein, does not amount to an investment advice nor does it constitute a recommendation to buy, sell or invest in any financial product, investment structure or instrument, to enter into or unwind any transaction or to participate in any particular trading strategy. Unless otherwise stated, all views expressed are those Nordea Asset Management. Views and opinions reflect the current economic market conditions, and are subject to change. While the information herein is considered to be correct, no representation or warranty can be given on the ultimate accuracy or completeness of such information. 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Nordea Investment Management AB and Nordea Investment Funds S.A. are licensed and supervised by the Financial Supervisory Authority in Sweden and Luxembourg respectively. A summary of investor rights is available in English through the following link: https://www.nordea.lu/documents/summary-of-investors-rights/SOIR_eng_INT.pdf/. Nordea Investment Funds S.A. may decide to terminate the arrangements made for the marketing of its funds in any respective EU-country of distribution in accordance with Article 93a of Directive 2009/65/EC. This material may not be reproduced or circulated without prior permission. © Nordea Asset Management. The Nordea 1, SICAV is registered in Norway, Finland, Latvia, Lithuania, Estonia and the below listed countries. In Austria: The Facility Agent is Erste Bank der österreichischen Sparkassen AG, Am Belvedere 1, 1100 Vienna, Austria. In Denmark: The Representative Agent is Nordea Danmark, Filial af Nordea Bank Abp, Finland, Grønjordsvej 10, Postbox 850 0900 Copenhagen C, Denmark. In France: With the authorisation of the AMF the shares of the-funds of Nordea 1, SICAV may be distributed in France. Centralising Correspondent in France is CACEIS Bank, located at 89-91 rue Gabriel Peri, 92120 Montrouge, France. In Germany: 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. In Italy: 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. In Ireland: The Facilities Agent is Maples Fund Services (Ireland) Limited, 32 Molesworth Street, D02 Y512 Dublin 2, Ireland. In the Netherlands: The Nordea 1, SICAV is 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. In Portugal: The Paying Agent 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. In Spain: The 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. 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). In Sweden: The Paying Agent is Nordea Bank Abp, Swedish Branch, Smålandsgatan 17, 105 71 Stockholm, Sweden. In Switzerland: The Representative and Paying Agent is BNP Paribas, Paris, Zurich branch, Selnaustrasse 16, 8002 Zurich, Switzerland. Published by Nordea Asset Management Schweiz GmbH, which is registered under the number CHE-218.498.072 and authorised in Switzerland by FINMA.
