FUND FOCUS: Nordea 1 – European Covered Bond Fund

What would you give for an actively managed bond fund that was at the low risk end of the spectrum and had beaten its benchmark in each of the last six years? Nordea does not have to look far to answer this question: it has one such product in its stable and, unsurprisingly, the Nordea European Covered Bond fund is one of Europe’s bestsellers this year. Covered bonds are an unknown quantity to many investors, but clearly enough understand them to propel this fund up the sales leaderboard.

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