Nordea’s North American Stars Equity Strategy celebrates its 3rd anniversary

Nordea’s North American Stars Equity Strategy celebrates its 3rd anniversary

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.

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 (“the Legal Entities”) and their branches and subsidiaries. This document is advertising material and is intended to provide the reader with information on Nordea’s specific capabilities. This document (or any views or opinions expressed in this document) does not amount to an investment advice nor does it constitute a recommendation to invest in any financial product, investment structure or instrument, to enter into or unwind any transaction or to participate in any particular trading strategy. This document is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instruments or to participate to any such trading strategy. Any such offering may be made only by an Offering Memorandum, or any similar contractual arrangement. Consequently, the information contained herein will be superseded in its entirety by such Offering Memorandum or contractual arrangement in its final form. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, Offering Memorandum, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (where applicable) relating to the investment. The appropriateness of an investment or strategy will depend on an investor’s full circumstances and objectives. Nordea Investment Management AB recommends that investors independently evaluate particular investments and strategies as well as encourages investors to seek the advice of independent financial advisors when deemed relevant by the investor. Any products, securities, instruments or strategies discussed in this document may not be suitable for all investors. This document contains information which has been taken from a number of sources. 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 and investors may use further sources to form a well-informed investment decision. Prospective investors or counterparties should discuss with their professional tax, legal, accounting and other adviser(s) with regards to the potential effect of any investment that they may enter into, including the possible risks and benefits of such investment. Prospective investors or counterparties should also fully understand the potential investment and ascertain that they have made an independent assessment of the appropriateness of such potential investment, based solely on their own intentions and ambitions. Investments in derivative and foreign exchange related transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets involve a higher element of risk. The value of the investment can greatly fluctuate and cannot be ensured. 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. Nordea Asset Management has decided to bear the cost for research, i.e. such cost is covered by existing fee arrangements (Management-/Administration-Fee). Published and created by the Legal Entities adherent to Nordea Asset Management. The Legal Entities 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/engagement-policy/EP_eng_INT.pdf/. The Legal Entities’ branches and subsidiaries are licensed as well as regulated by their local financial supervisory authority in their respective country of domiciliation. Source (unless otherwise stated): Nordea Investment Fund S.A. Unless otherwise stated, all views expressed are those of the Legal Entities adherent to Nordea Asset Management and any of the Legal Entities’ branches and subsidiaries. This document may not be reproduced or circulated without prior permission. Reference to companies or other investments mentioned within this document should not be construed as a recommendation to the investor to buy or sell the same but is included for the purpose of illustration. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

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