Nordea Asset Management (NAM) has added or kept ‘sustainable’ in the names of 17 of its ‘Nordea 1’ SICAV fund range, in keeping with the European Securities and Markets Authority’s (ESMA) naming rules. The funds commit to a 50% minimum allocation to sustainable investments while adhering to Paris-aligned Benchmark exclusions. Included in this suite is NAM’s flagship ESG STARS equity and fixed income range, which launched its first solution in 2011, as well as the Global Climate Transition Engagement Fund and European High Yield Sustainable Stars Bond Fund – the latter of which recently surpassed €1.5 billion (US$1.6 billion) in AUM. “We see a lot of movement in the responsible investment space right now, with several players reconsidering their commitments to ESG,” said Nils Bolmstrand, NAM’s CEO. “Our dedication to sustainability has always been at the heart of Nordea Asset Management’s mission. Our alignment with ESMA’s new guidelines underscores our ongoing dedication to delivering clear, transparent, and effective responsible investment solutions that meet the evolving needs of our clients.”
