LUXEMBOURG, LU — Nordea Asset Management (NAM) announces the 3-year anniversary of Nordea’s North American Stars Equity Strategy, a key MiFID-eligible strategy within its ESG STARS building blocks offering. This anniversary comes less than 300 days before the new EU MiFID and sustainability regulation is implemented.
This month, NAM is proud to celebrate the three-year anniversary of the Nordea’s North American Stars Equity Strategy. The solution leverages the expertise of one of the largest award-winning Responsible Investments teams in Europe and qualifies as an Article 8 product under SFDR regulations; it is also MiFID eligible.
The solution is a high conviction portfolio (40-70 holdings) with a long-term bottom-up approach. With more than USD 1.9bn in assets under management, the strategy has delivered strong alpha, relative to its benchmark, the Russell 3000 NR USD Index over the past three years.1
NAM’s ESG analysts are embedded into investment teams and participate actively in company engagements. Close day-to-day collaboration between NAM’s Fundamental Equities Team, which selects stocks and allocates capital, and its Responsible Investments Team, which analyses the ESG aspects, facilitates investment-led ESG plans that generate value and have a real world impact.
“From idea generation to engagement with companies, our teams collaborate to build a 360-degree perspective of a holding,” says Joakim Ahlberg, manager of the strategy. “The ESG analysts work alongside the portfolio managers throughout the investment process, providing invaluable insights into possible risks and opportunities.”
The solution holds three independent ESG labels: Label ISR2 , LuxFLAG3 and Towards Sustainability4 .
“Nordea’s North American Stars Equity Strategy, like all our ESG STARS equity products, offers investors a way to begin to decarbonize their portfolios,” says Eric Pedersen, Head of Responsible Investments at NAM. “The solution is classified as managed in line with Net Zero in 2050 under NAM’s Net-Zero Asset Mangers commitment and its weighted average carbon intensity (WACI) is currently approx. 40% lower than that of its Russell 3000 Index – NR Index.”
NAM’s ESG STARS franchise, consisting of 17 equity and fixed income strategies, cover various geographies, e.g. Europe, North America, Asia, EM, etc and thus represent building blocks for allocators seeking MiFID-eligible solutions to meet new sustainability regulations. All ESG STARS solutions are actively managed, follow positive screening and adhere to NAM’s Paris Aligned Fossil Fuel Policy. Nordea Asset Management has been committed to Responsible Investment for more than 30 years since the launch of its first sector screened solution in 1988 and has one of the largest ESG dedicated Responsible Investments teams in Europe.
1 The performance represented is historical; past performance is not a reliable indicator of future results and investors may not recover the full amount invested. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and cannot be ensured, you could lose some or all of your invested money. 2 Label ISR is created and supported by the French Finance Ministry. The label’s goal is to increase the visibility of SRI products among savers in France and Europe. For more information on the Label ISR, visit www.lelabelisr.fr/en/what-sri-label/. The ISR Label is valid for three years. 3 LuxFlag is an international and independent non-profit association and labelling agency. To promote sustainable investing in the financial industry, LuxFLAG awards an independent and transparent label to eligible investment vehicles in Microfinance, Environment, ESG (Environment, Social, Governance), Climate Finance and Green Bonds. The objective is to reassure investors that the labelled investment vehicle invests in a responsible manner. The LuxFLAG ESG Label is valid for one year. Investors must not rely on LuxFLAG or the LuxFLAG Label with regard to investor protection issues and LuxFLAG cannot incur any liability related to financial performance or default. 4 Towards Sustainability was launched by the Belgian Central Labeling Agency in 2019. It aims to reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices. For more information on the “Towards Sustainability” label, visit www.towardssustainability.be. The label is valid for one year. 5 WACI performance can vary higher or lower at any given point in time.
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