Nordea 1 - European Value Fund BP EUR

Performance History30/04/2020
Growth of 1,000 (GBP) Advanced Graph
Nordea 1 - European Value Fund BP EUR
Fund20.414.7-14.29.7-24.0
+/-Cat3.9-3.60.4-6.4-8.9
+/-B’mrk1.60.1-4.6-9.3-8.2
 
Key Stats
NAV
26/05/2020
 EUR 45.55
Day Change 0.93%
Morningstar Category™ Europe Flex-Cap Equity
ISIN LU0064319337
Fund Size (Mil)
26/05/2020
 EUR 522.20
Share Class Size (Mil)
26/05/2020
 EUR 315.41
Max Initial Charge 5.00%
Ongoing Charge
05/05/2020
  1.85%
Morningstar Research
Analyst Report

Nordea 1 - European Value benefits from a seasoned manager and a long-standing unconstrained approach. However, we have concerns about the high team turnover. This leads to a downgrade of its Morningstar Analyst Rating to Neutral from Bronze for...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAverage
ParentAverage
ProcessAbove Average
Performance
Price
Investment Objective: Nordea 1 - European Value Fund BP EUR
The fund seeks to provide durable positive absolute returns by applying a disciplined value style approach. The managers consider themselves as business rather than stock market investors. Their approach concentrates on long-term investment and not on market specific factors and short-term phenomena. This means focussing on selecting businesses that will offer upside potential with limited downside risk. The belief that certain businesses have a greater earning power forms the basis of this process. Earning power is defined as a company?s ability to generate substantial discretionary free cash flow over a sustained period of time. The managers believe that only in this way can a company generate wealth for its shareholders, and provide long-term capital appreciation. Investments are made on a business by business basis, irrespective of market capitalisation, sector or industry, and only when share prices represent a significant discount to the intrinsic value of the business.
Returns
Trailing Returns (GBP)26/05/2020
YTD-23.07
3 Years Annualised-9.00
5 Years Annualised-0.95
10 Years Annualised4.45
12 Month Yield 0.00
Management
Manager Name
Start Date
Cédric Jacque
28/07/2017
Tom Stubbe Olsen
01/11/1998
Inception Date
15/09/1989
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe NR EURMSCI Europe NR EUR
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Nordea 1 - European Value Fund BP EUR30/04/2020
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock93.890.0093.89
Bond0.000.000.00
Property0.000.000.00
Cash6.110.006.11
Other0.000.000.00
Top 5 Regions%
Eurozone44.37
Europe - ex Euro28.57
United Kingdom18.60
United States8.46
Canada0.00
Top 5 Sectors%
Energy22.50
Industrials20.52
Consumer Cyclical20.46
Technology14.13
Healthcare10.16
Top 5 HoldingsSector%
Novo Nordisk A/S BHealthcareHealthcare7.30
SAP SETechnologyTechnology6.37
Stabilus SAIndustrialsIndustrials5.13
Core Laboratories NVEnergyEnergy4.79
Weir Group PLCIndustrialsIndustrials4.23
Nordea 1 - European Value Fund BP EUR

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

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