AMWatch

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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch