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Nordea 1 - European Cross Credit BP EUR

Ranked 4 out of 10 in - Euro Corporates over 12 months
All calculations are in EUR unless stated

Managed by

Jan Sørensen

Jan Sørensen is based in Copenhagen and is Senior Portfolio Manager at Nordea Investment Management. He has been with the firm since 2009 and manages the Euro Diversified Corporate Bond Fund among others, using the fundamental bottom-up investment style. Formerly, he had been at Danske Capital since 2000 as Chief Portfolio Manager. Jan graduated from Copenhagen Business School where he studied for a Graduate Diploma in Business Administration and outside of work he enjoys tennis, skiing and shooting.

Objective

The Sub-fund invests a minimum of two-thirds of its Total Assets in Euro denominated corporate bonds that are not issued by financial institutions. However, the Sub-fund may invest in securities from holding companies of any corporate group, which financial institutions may be part of. The Sub-fund may invest up to 20% of its Total Assets in assetbacked securities.

Showing fund performance in Lithuania View performance globally

Performance

Euro Corporates over : 30/09/2017 - 30/09/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -0.8% -1.2% 1.4%
2017 3.7% 0.7% 1.3% 0.9% 0.8%
2016 5.3% 1.1% 1.2% 2.5% 0.4%
2015 0.3% 1.8% -1.3% -1.9% 1.7%
2014 5.1% 1.9% 1.6% 0.3% 1.2%
2013 5.3% 0.5% -0.5% 2.6% 2.7%
2012 -0.6% 4.2% 3.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2018

Top 10 Holdings

Stock Size
International Game Technology PLC 3.500% 15-Jul-2024 2.04%
Nidda Healthcare 3.500% 30-Sep-2024 1.91%
Samsonite Finco 3.500% 15-May-2026 1.89%
Dufry One 2.500% 15-Oct-2024 1.87%
PVH Corp 3.125% 15-Dec-2027 1.87%
IMS Health 3.500% 15-Oct-2024 1.87%
Greif Luxembourg 7.375% 15-Jul-2021 1.87%
Autodis SA 4.375% 01-May-2022 1.86%
FMC Finance VII 5.250% 15-Feb-2021 1.86%
Grifols SA 3.200% 01-May-2025 1.86%
31/08/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Estonia
  5. Finland
  6. France
  7. Germany
  8. Italy
  9. Latvia
  10. Lithuania
  11. Luxembourg
  12. Netherlands
  13. Singapore
  14. Spain
  15. Switzerland
  16. United Kingdom

Fund Info

  • Launch date22/02/2012
  • Share Class size332Mn
  • Base currencyEUR
  • ISIN LU0733673288

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

  • Annual management1.00%

Related News

Nordea scraps underperforming Nordic bond fund

Investment firm merges away regional bond strategy after performance failed to meet expectations, Citywire Selector has learned.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).