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
-10.5%
1 Year rank in sector
73/91
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.
1.9%
Fund size
£221m (£272m 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
Top in this sector
Fund name1 Year
Pictet Russian Equities68.4%
HSBC GIF Russia Equity53.8%
Baring Russia52.4%
Pictet Russia Index48.5%
East Capital Russia30.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Sweden32.6%
    Finland27.1%
    Denmark15.3%
    Norway13.2%
    Money Market5.3%
  • Industrials23.4%
    Financials21.3%
    Consumer Discretionary15.1%
    Health Care9%
    Materials7.6%
  • Swedish Equities31.1%
    Finnish Equities27.4%
    Danish Equities18.1%
    Norwegian Equities13.5%
    US Equities5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-3.1%-3.3%-10.5%9.5%56.3%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector31 / 9365 / 9366 / 9373 / 9146 / 8251 / 77
Quartile2nd3rd3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-6.8%18.3%-1.1%16.1%22.5%
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector73 / 9324 / 8965 / 8257 / 7924 / 77
Quartile4th2nd4th3rd2nd
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.
-1.46
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.
0.96
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
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%.
12.98
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.
6.77
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.
-0.28
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 high79.63
52 week low63.43
Current bid price-
Current offer price-
Current mid price70.86
Region
1Sweden32.55%
2Finland27.11%
3Denmark15.3%
4Norway13.16%
5Money Market5.27%
6USA3.77%
7UK2.83%
Industry sector
1Industrials23.43%
2Financials21.31%
3Consumer Discretionary15.11%
4Health Care8.96%
5Materials7.62%
6Consumer Staples5.92%
7Money Market5.27%
8Telecommunications Utilities4.78%
9Information Technology4.25%
Asset type
1Swedish Equities31.12%
2Finnish Equities27.42%
3Danish Equities18.1%
4Norwegian Equities13.54%
5US Equities4.97%
6UK Equities3%
7Money Market1.85%
Individual holdings
1NOVO NORDISK A/S7.23%
2SAMPO6.38%
3ATLAS COPCO AB6.11%
4NOKIA CORP4.25%
5HUHTAMAKI OYJ4.09%
6AUTOLIV INC3.77%
7VOLVO(AB)3.57%
8SWEDISH MATCH AB3.51%
9JYSKE BANK AS3.25%
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)1.47%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price13.26
CurrencyEUR
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price62.41
CurrencyEUR
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price559.51
CurrencyNOK
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price611.48
CurrencySEK
Price updated01/12/2016
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)1.4%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price13.27
CurrencyEUR
Price updated01/12/2016
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)1.4%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price11.16
CurrencyGBP
Price updated01/12/2016
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)1.27%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price75.05
CurrencyEUR
Price updated01/12/2016
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)1.27%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price672.83
CurrencyNOK
Price updated01/12/2016
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)1.27%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price79.7
CurrencyUSD
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price70.86
CurrencyEUR
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price635.27
CurrencyNOK
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price694.27
CurrencySEK
Price updated01/12/2016
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)1.9%
Total expense ratio (TER)1.87%
Bid price-
Offer price-
Mid price75.25
CurrencyUSD
Price updated01/12/2016
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)2.65%
Total expense ratio (TER)2.63%
Bid price-
Offer price-
Mid price64.52
CurrencyEUR
Price updated01/12/2016
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)2.65%
Total expense ratio (TER)2.63%
Bid price-
Offer price-
Mid price288.38
CurrencyPLN
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRY3
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