Nordea boosts European covered bond suite

Managed by Henrik Stille

Nordea Asset Management has launched the Nordea 1 - European Covered Bond Opportunities fund, targeting investors searching for risk-adjusted returns within fixed income.

The new vehicle builds on the current European covered bond range of strategies, which includes the Nordea 1 - European Covered Bond fund and Nordea 1 - Low Duration European Covered Bond fund. This particular fund is designed for investors looking for risk-adjusted returns in an environment where yields are extremely low and amid increasing signs of inflation pick-up. The group said European covered bonds are often an underappreciated asset class despite witnessing no defaults in more than 20 years, and that they offer an "interesting alternative to investors in search of ‘safe' yet ...