Fact sheet: Nordea 1 Nordic Equity

Fund information

Fund name
Nordea 1 Nordic Equity BP EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager
Mathias Leijon
since 01/09/2014
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

Performance snapshot

Quick stats

1 Year return

13.22 %

1 Year rank in sector

72/97

Sector

FO Equity - Europe Single Country

Yield
-
Fund size

£ 258.4 m

FE Risk score

112

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Sweden
    31.45%
  • Finland
    29.33%
  • Denmark
    18.58%
  • Norway
    12.68%
  • USA
    3.07%
  • Financials
    23.05%
  • Industrials
    21.29%
  • Consumer Discretionary
    15.01%
  • Health Care
    10.78%
  • Materials
    8.11%
  • Swedish Equities
    31.46%
  • Finnish Equities
    29.33%
  • Danish Equities
    18.58%
  • Norwegian Equities
    12.68%
  • US Equities
    3.07%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund3.03 %6.87 %13.22 %25.92 %48.78 %
Sector2.71 %7.31 %18.85 %31.45 %66.05 %
Rank within sector47 / 9743 / 9772 / 9756 / 8963 / 83
Quartile th2 nd2 nd3 rd3 rd4 th

Calendar performance

YTD-20172016201520142013
Fund10.96 %-2.09 %18.29 %-1.14 %16.12 %
Sector12.71 %9.63 %9.17 %1.69 %17.53 %
Rank within sector57 / 9677 / 9627 / 9268 / 8560 / 83
Quartile th3 rd4 th2 nd4 th3 rd

Risk statistics

Alpha-1.02
Beta0.94
Sharpe0.29
Volatility12.4
Tracking error6.04
Information ratio-0.27
R-Squared0.76

Price movement

52 week high83.42
52 week low67.91
Current bid price0
Current offer price0
Current mid price82.63

Holdings by region

  • 31.45% Sweden
  • 29.33% Finland
  • 18.58% Denmark
  • 12.68% Norway
  • 3.07% USA
  • 2.77% UK
  • 1.98% Money Market
  • 0.13% Canada

Holdings by sector

  • 23.05% Financials
  • 21.29% Industrials
  • 15.01% Consumer Discretionary
  • 10.78% Health Care
  • 8.11% Materials
  • 8.08% Information Technology
  • 4.7% Consumer Staples
  • 3.86% Energy
  • 3.14% Telecommunications Utilities
  • 1.98% Money Market

Holdings by asset type

  • 31.46% Swedish Equities
  • 29.33% Finnish Equities
  • 18.58% Danish Equities
  • 12.68% Norwegian Equities
  • 3.07% US Equities
  • 2.77% UK Equities
  • 1.98% Money Market
  • 0.13% Canadian Equities

Individual holdings

  • 9.08% NOVO NORDISK A/S
  • 7.79% SAMPO
  • 5.32% ATLAS COPCO AB
  • 5.02% NOKIA CORP
  • 4.51% HUHTAMAKI OYJ
  • 3.91% VOLVO(AB)
  • 3.6% TRYG AS
  • 3.07% AUTOLIV INC
  • 3.07% GJENSIDIGE FORSIKRING ASA
  • 3.03% NORDEA BANK AB