Nordea AM expands European covered bond range

Nordea Asset Management has expanded its suite of strategies with the launch of the Nordea 1 - European covered bond opportunities fund. European covered bonds, often an under-appreciated asset class, offer an interesting alternative to investors in search of ‘safe' yet higher yielding assets. The new strategy is designed for investors searching for compelling risk-adjusted returns in the fixed income space. European covered bonds have a strong track record, with the asset class witnessing no defaults in more than 200 years.   Henrik Stille, manager of the fundsaid: "Covered bonds...