Nordea adds North American equity fund to its ESG range

Eugenia Jiménez
clock
Nordea adds North American equity fund to its ESG range

Nordea Asset Management (NAM) has expanded its ESG range (STARS) with the launch of a North America equity fund.

The Nordea 1 - North American Stars Equity Fund, which leverages the successful track record of the Nordea 1 - Global Stars Equity Fund, will adopt a pure bottom-up stock picking strategy with over $350m in assets under management.

The fund is managed by Johan Swahn, a member of the fundamental equities team, who is also a portfolio manager of the Nordea 1 - Global Stars Equity Fund.

The new strategy raises to six the number of strategies composing NAM's STARS equity range, which represents a unique concept where portfolio management teams fully integrate ESG factors into the investment process and use dialogue and engagement to make a real impact, Nordea says.

Jens Rygaard, CIO, fixed income and equities and acting head of Nordea's Fundamental Equities team, said: "We evaluate stocks to identify companies able to deliver sustainable long-term shareholder value. We not only invest in companies with high ESG standards, we go a step further by quantifying and integrating ESG into our valuation model."