Nordea 1 - European Covered Bond Fund BP EUR header image

Nordea 1 - European Covered Bond Fund BP EUR

Fund

ISIN LU0076315455 / Valor 500451

NAV (2025-02-07)
EUR 12.65+0.01%

Nordea 1 - European Covered Bond Fund BP EUR
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General Objective

The fund aims to provide shareholders with investment growth in the medium to long term by actively managing the portfolio and selecting securities that offer superior investment opportunities. Environmental and/or social characteristics are taken into consideration as part of the investment process.

Fund Exposure

The fund mainly invests in European covered bonds, with at least two thirds of total assets in covered bonds denominated in European currencies or issued by companies in Europe. It also invests in debt securities with a rating of AAA/Aaa or lower, with exposure to debt securities rated BB+/Ba1 or lower. Currency exposure is hedged to the base currency, but may also be exposed to other currencies. The fund may use derivatives for hedging, efficient portfolio management, and seeking investment gains.

Risks

Investors should be aware that this fund may not be suitable for those planning to withdraw their money within a 3-year period. The use of derivatives is not cost or risk-free, and the fund's performance may bear some resemblance to the Iboxx Euro Covered Total Return Index. Additionally, the benchmark used by the fund is not aligned with its environmental and social characteristics. This share class does not distribute dividends, with income from investments being reinvested.

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Source

https://www.nordea.de/de/professional/fund/european-covered-bond-funds/

Tags:
european bonds bloomberg euro aggregate bond index covered bonds

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