Fact sheet: Nordea 1 Nordic Ideas Equity

Fund information
Fund name
Nordea 1 Nordic Ideas Equity BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Marie Karlssonsince 14/01/2016
  • Niklas Kristofferssonsince 14/01/2016
Fund objective
The fund invests in Nordic-listed companies which are domiciled or exercise the predominant part of their economic activity in the Nordic region (Sweden, Norway, Denmark and Finland). This means that the fund has access to both world-class companies with strong global market positions and domestic companies positioned to become the winners of tomorrow. The Nordic region has enjoyed more robust growth than Europe as a whole over the past decade and its companies have sound financials and are positioned to benefit from global equity growth. The fund invests in a concentrated portfolio of Nordic's best positioned companies across all market capitalization with a mid-cap bias, using a pure fundamental bottom-up analysis focusing on internal research. The investment universe is screened using both internal and external sources where both absolute and relative valuations are considered.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-11%
1 Year rank in sector
77/92
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.
1.81%
Fund size
£64m (£81m 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.
103
Top in this sector
Fund name1 Year
Pictet Russian Equities76.2%
HSBC GIF Russia Equity62.7%
Baring Russia56.5%
Pictet Russia Index56.3%
SEB 2 Russia40.3%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Finland28.2%
    Sweden27.9%
    Norway16.8%
    Denmark14.5%
    Money Market5.3%
  • Consumer Discretionary26.6%
    Industrials17.9%
    Financials14%
    Materials10.1%
    Consumer Staples8.6%
  • Finnish Equities28.7%
    Swedish Equities26.8%
    Norwegian Equities15.7%
    Danish Equities15.6%
    US Equities6.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.1%-5.6%-6.5%-11%24.2%-
Sector1.9%-1.7%2.6%1.5%17.6%54.5%
Rank within sector35 / 9372 / 9381 / 9377 / 9230 / 82-
Quartile2nd4th4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund-10.1%21.3%10.8%--
Sector3.4%9.2%1.7%17.5%18.4%
Rank within sector77 / 9314 / 8930 / 82--
Quartile4th1st2nd
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.
2.73
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.
0.89
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.
0.26
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%.
12.55
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.
7.25
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.
0.67
Price movement
52 week high147.26
52 week low119.35
Current bid price-
Current offer price-
Current mid price129.67
Region
1Finland28.21%
2Sweden27.94%
3Norway16.84%
4Denmark14.51%
5Money Market5.3%
6USA4.99%
7UK2.21%
Industry sector
1Consumer Discretionary26.56%
2Industrials17.9%
3Financials14.03%
4Materials10.1%
5Consumer Staples8.63%
6Health Care6.76%
7Telecommunications Utilities6.45%
8Money Market5.3%
9Information Technology4.26%
Asset type
1Finnish Equities28.72%
2Swedish Equities26.77%
3Norwegian Equities15.67%
4Danish Equities15.6%
5US Equities6.13%
6Money Market5.16%
7UK Equities1.95%
Individual holdings
1NOVO NORDISK A/S6.76%
2SAMPO6.29%
3ATLAS COPCO AB5.81%
4HUHTAMAKI OYJ5.55%
5AUTOLIV INC4.99%
6XXL ASA4.83%
7FISKARS AB OY4.46%
8SWEDISH MATCH AB4.42%
9AMER SPORTS CORP4.41%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests in Nordic-listed companies which are domiciled or exercise the predominant part of their economic activity in the Nordic region (Sweden, Norway, Denmark and Finland). This means that the fund has access to both world-class companies with strong global market positions and domestic companies positioned to become the winners of tomorrow. The Nordic region has enjoyed more robust growth than Europe as a whole over the past decade and its companies have sound financials and are positioned to benefit from global equity growth. The fund invests in a concentrated portfolio of Nordic's best positioned companies across all market capitalization with a mid-cap bias, using a pure fundamental bottom-up analysis focusing on internal research. The investment universe is screened using both internal and external sources where both absolute and relative valuations are considered.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Marie Karlsson14/01/2016
Niklas Kristoffersson14/01/2016
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Nordic Ideas Equity AP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.76%
Bid price-
Offer price-
Mid price129.76
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXQN
Nordea 1 Nordic Ideas 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)1.17%
Bid price-
Offer price-
Mid price132.66
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF84V
Nordea 1 Nordic Ideas Equity BP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price129.67
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF84T
Nordea 1 Nordic Ideas Equity BP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1270.6
CurrencySEK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF84U
Nordea 1 Nordic Ideas 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)2.55%
Bid price-
Offer price-
Mid price126.2
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF84X
Nordea 1 Nordic Ideas Equity E SEK
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)2.55%
Bid price-
Offer price-
Mid price1236.6
CurrencySEK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF84W
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