Nordea 1 - Nordic Equity BC GBP (FUND:B9MT3G4) - Fund price


Fund Report

Nordea 1 - Nordic Equity Fund BC GBP

Key Stats
Morningstar® CategoryNordic Equity
Manager Name-
Inception Date20/03/2013
NAV 20/11/2019GBP 13.99
Day Change-0.92%
12 Month Yield0.00%
ISINLU0841548497
Dividend Frequency-
Net Assets (mil) 31/10/2019206.71 EUR
Wrapper AvailabilityAll
Our Minimum Initial Investment50.00 GBP
Pricing FrequencyDaily
Dealing Cut off Time13:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge0.00%
Custody ChargeYes
Ongoing Cost1.30%
AMC0.95%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

Above Average

Above Average


Sustainability Rating as of 30/09/2019

Benchmarks

Fund Benchmark

MSCI Nordic 10/40 NR EUR

Morningstar® Benchmark

MSCI Nordic Countries NR EUR

Growth Of 10,000 (GBP) 31/10/2019

How has this security performed
201420152016201720182019
Fund-6.9112.5813.9415.26-7.7111.03
Category-0.7914.8621.9913.74-8.6211.47
Benchmark0.157.9114.3514.72-6.6011.21
  • Fund: Nordea 1 - Nordic Equity Fund BC GBP
  • Category: Nordic Equity
  • Benchmark: MSCI Nordic Countries NR EUR
Trailing Returns % (GBP) 20/11/2019
FundCatBmark
YTD10.2413.9212.12
3 Years Annualised7.227.478.38
5 Years Annualised8.198.617.33
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The fund taps into a potential investment universe of Nordic-listed companies. This means that the fund has access to world-class companies with strong global market positions, offering broad sector exposure within a relatively compact geographical area. The Nordic region has enjoyed more robust growth than Europe as a whole over the past 10 years. Nordic companies have sound financials and are positioned to benefit from global equity growth. Essentially the funds investment approach involves a fundamental bottom-up process, focusing on internal research and targeting stocks with three common characteristics: attractive valuation, positive earnings momentum and positive news flow. The stock market is screened using both external and internal sources with respect to key parameters, such as FCFy, EV/EBITDA, EV/EBIT, P/E, etc. Both absolute and relative valuations are considered, with quantitative research supporting, but not determining, the weight allocation.

Portfolio Profile31/10/2019

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
IncreaseGjensidige Forsikring ASA Financial Services7.25
IncreaseSwedish Match AB Consumer Defensive6.81
DecreaseNovo Nordisk A/S B Healthcare6.22
IncreaseSampo Oyj Class A Financial Services5.84
IncreaseHuhtamäki Oyj Consumer Cyclical5.71
Asset Allocation %
LongShortNet
Stocks98.930.0098.93
Bonds0.000.000.00
Cash1.070.001.07
Other0.000.000.00
Top Stock Regions
Region%
Europe - ex Euro60.51
Eurozone34.96
Latin America2.58
United Kingdom1.94
United States0.00
Top Stock Sectors
Stock Sector%
Financial Services20.94
Consumer Cyclical19.87
Consumer Defensive17.83
Industrials13.71
Healthcare11.92
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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