Nordea Asset Management launches North America ESG fund

New_York_cabNordea Asset Management (NAM) has released a North American equity fund within its Stars stable of Environment, Social and Governance (ESG) products.

The Nordea 1 – North American Stars Equity Fund is managed by Johan Swahn, who also runs the Nordea 1 – Global Stars Equity Fund at the London-based asset manager.

The North American Stars fund, which has over US$350 million (€304 million) in assets under management, employs a bottom-up strategy for stock selection.

In common with other funds in the range, the portfolio management team brings together ESG screening with dialogue and engagement to identify companies expected to deliver long-term shareholder value.

The Stars range was launched in 2011 and now consists of six funds, covering global, emerging, Nordic and North American markets.

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