Fact sheet: Nordea 1 GlbLngShrEq$Hg

Fund information

Fund name
Nordea 1 Global Long Short Equity USD Hedged BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Todd Wolter
since 27/09/2016
Fund objective
The fund is a global long short equity portfolio which aims to provide a return of 5%-8% p.a. gross of fees over a full market cycle with a volatility of 5%-8% p.a. The portfolio aims to be close to beta neutral (+/- 0.1) with a low net exposure (0%-20%). The investment philosophy is largely anchored in the academic findings of behavioural finance. The fund follows a fundamentally based, bottom-up investment process that seeks to minimise uncompensated risk. By investing long in securities around the globe experiencing unexpected earnings growth, and conversely short selling companies around the globe experiencing unexpected earnings contractions, the team expects to add value on both the long and short sides via stock selection.
Benchmark
No Specified Index
Investment style
Absolute Return
Investment method
Shares

Quick stats

1 Year return

6.8 %

1 Year rank in sector

20/139

Sector

FO Absolute Return

Yield
-
Fund size

£ 36.4 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.69 %5.51 %6.8 %0 %0 %
Sector0.32 %1.49 %2.61 %4.86 %9.62 %
Rank within sector14 / 15514 / 15020 / 139 / /
Quartile th1 st1 st1 st th th

Calendar performance

YTD-20172016201520142013
Fund7.3 %0 %0 %0 %0 %
Sector2.62 %0.66 %0.69 %1.2 %3.58 %
Rank within sector14 / 145 / / / /
Quartile th1 st th th th th

Price movement

52 week high107.55
52 week low98.27
Current bid price0
Current offer price0
Current mid price107.31

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 1.79% TENCENT HLDGS LTD
  • 1.33% HAITIAN INTERNATIONAL HOLDINGS
  • 1.3% AIRTAC INTL GROUP
  • 1.3% CONSTELLATION BRANDS INC
  • 1.28% DELPHI AUTOMOTIVE PLC
  • 1.26% MITSUI O.S.K.LINES
  • 1.25% ITOCHU CORP
  • 1.24% ARISTOCRAT LEISURE
  • 1.24% LVMH MOET HENNESSY VUITTON SE
  • 1.23% GFPT PUBLIC CO LTD