Fact sheet: Nordea 1 Nordic Equity

Fund information
Fund name
Nordea 1 Nordic Equity BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Niklas Kristofferssonsince 14/01/2016
  • Marie Karlssonsince 14/01/2016
Fund objective
The fund taps into a potential investment universe of Nordic-listed companies. This means that the fund has access to world-class companies with strong global market positions, offering broad sector exposure within a relatively compact geographical area. The Nordic region has enjoyed more robust growth than Europe as a whole over the past 10 years. Nordic companies have sound financials and are positioned to benefit from global equity growth. Essentially the funds investment approach involves a fundamental bottom-up process, focusing on internal research and targeting stocks with three common characteristics: attractive valuation, positive earnings momentum and positive news flow. The stock market is screened using both external and internal sources with respect to key parameters, such as FCFy, EV/EBITDA, EV/EBIT, P/E, etc. Both absolute and relative valuations are considered, with quantitative research supporting, but not determining, the weight allocation.
Benchmark
  • MSCI Nordic 10/40 Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
10.1%
1 Year rank in sector
73/92
Sector
FO Equity - Europe Single Country
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.8%
Fund size
£230m (£236m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
110
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Pictet Russian Equities89.2%
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Boost LevDAX 3x Daily ETP70.1%
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...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Sweden32.9%
    Finland26.7%
    Denmark17.6%
    Norway13.4%
    USA4.1%
  • Industrials23.1%
    Financials22%
    Consumer Discretionary16.5%
    Health Care10.8%
    Materials7.8%
  • Swedish Equities32.2%
    Finnish Equities27.7%
    Danish Equities17.4%
    Norwegian Equities12.7%
    US Equities4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%7.7%4.9%10.1%15.4%40.8%
Sector0.9%8.9%8.6%21.1%25.5%52.9%
Rank within sector69 / 9172 / 9271 / 9273 / 9251 / 8154 / 76
Quartile4th4th4th4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2%-2.1%18.3%-1.1%16.1%
Sector2.9%9.6%9.2%1.7%17.5%
Rank within sector64 / 9173 / 9224 / 8864 / 8156 / 78
Quartile3rd4th2nd4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.83
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.93
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.25
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.95
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.83
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.23
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.72
Price movement
52 week high77.2
52 week low67.12
Current bid price-
Current offer price-
Current mid price75.97
Region
1Sweden32.85%
2Finland26.66%
3Denmark17.61%
4Norway13.44%
5USA4.14%
6UK3%
7Money Market2.3%
Industry sector
1Industrials23.06%
2Financials21.95%
3Consumer Discretionary16.51%
4Health Care10.79%
5Materials7.75%
6Consumer Staples5.26%
7Telecommunications Utilities4.66%
8Information Technology3.94%
9Energy3.78%
Asset type
1Swedish Equities32.17%
2Finnish Equities27.65%
3Danish Equities17.4%
4Norwegian Equities12.68%
5US Equities4.3%
6Money Market2.9%
7UK Equities2.9%
Individual holdings
1NOVO NORDISK A/S8.56%
2SAMPO6.39%
3ATLAS COPCO AB5.03%
4VOLVO(AB)4.15%
5AUTOLIV INC4.14%
6NOKIA CORP3.94%
7HUHTAMAKI OYJ3.67%
8SKANDINAVISKA ENSKILDA BANKEN3.63%
9TRYG AS3.41%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund taps into a potential investment universe of Nordic-listed companies. This means that the fund has access to world-class companies with strong global market positions, offering broad sector exposure within a relatively compact geographical area. The Nordic region has enjoyed more robust growth than Europe as a whole over the past 10 years. Nordic companies have sound financials and are positioned to benefit from global equity growth. Essentially the funds investment approach involves a fundamental bottom-up process, focusing on internal research and targeting stocks with three common characteristics: attractive valuation, positive earnings momentum and positive news flow. The stock market is screened using both external and internal sources with respect to key parameters, such as FCFy, EV/EBITDA, EV/EBIT, P/E, etc. Both absolute and relative valuations are considered, with quantitative research supporting, but not determining, the weight allocation.
Benchmark
  • MSCI Nordic 10/40 Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Niklas Kristoffersson14/01/2016
Marie Karlsson14/01/2016
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden
Nordea 1 Nordic Equity AC EUR
Initial charge5%
Annual charge1.1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price14.23
CurrencyEUR
Price updated28/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWPQ
Nordea 1 Nordic Equity AP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price66.91
CurrencyEUR
Price updated28/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN901
Nordea 1 Nordic Equity AP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price593.63
CurrencyNOK
Price updated28/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN902
Nordea 1 Nordic Equity AP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price640.49
CurrencySEK
Price updated28/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN900
Nordea 1 Nordic Equity BC EUR
Initial charge5%
Annual charge1.1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price14.24
CurrencyEUR
Price updated28/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2UY
Nordea 1 Nordic Equity BC GBP
Initial charge5%
Annual charge1.1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price12.15
CurrencyGBP
Price updated28/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7ES
Nordea 1 Nordic Equity BI EUR
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price80.58
CurrencyEUR
Price updated28/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC6U0
Nordea 1 Nordic Equity BI NOK
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price714.92
CurrencyNOK
Price updated28/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3RP
Nordea 1 Nordic Equity BI USD
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price85.38
CurrencyUSD
Price updated28/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHIQ
Nordea 1 Nordic Equity BP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price75.97
CurrencyEUR
Price updated28/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ63
Nordea 1 Nordic Equity BP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price674.02
CurrencyNOK
Price updated28/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV33
Nordea 1 Nordic Equity BP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price727.22
CurrencySEK
Price updated28/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV32
Nordea 1 Nordic Equity BP USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price80.5
CurrencyUSD
Price updated28/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHIR
Nordea 1 Nordic Equity E EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.63%
Bid price-
Offer price-
Mid price69.04
CurrencyEUR
Price updated28/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV31
Nordea 1 Nordic Equity E PLN
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.63%
Bid price-
Offer price-
Mid price298
CurrencyPLN
Price updated28/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRY3
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