Nordea to liquidate its Luxembourg umbrella fund

With only one remaining fund, Nordea is going to close its umbrella set-up for fund of funds in Luxembourg.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Nordea is set to liquidate its Luxembourg fund of funds, SICAV umbrella, with a final shareholder meeting on 3 December, investors' newssite Citywire Selector has learned.

The closure is due to the fact that only one sub-fund remains on the umbrella. The remaining fund is the "Multi Manager Fund Total Return fund". Originally, seven fund of funds were part of the SICAV umbrella.

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