Nordea merges away EM bond opps fund after mandate switch
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Danish pension provider invests $550m in Nordea s EMD strategy
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By Rachel Fixsen2021-02-11T15:54:00+00:00
Danish mutual pension provider Velliv has made a new investment of more than $550m (€453m) into an emerging markets debt fund run by Nordic asset manager Nordea.
Nordea Asset Management (NAM) announced it had received the allocation in its Emerging Stars Bond strategy, which it said mainly invested in hard currency sovereigns.
Anders Stensbøl Christiansen, CIO at Velliv, said: “We all have a responsibility to make sure our investments are managed with high sustainability standards. This does not only go for investments in companies, but is equally important when we invest in, for instance, bonds issued from emerging market countries.”