Nordea Asset Management (NAM) will soft-close its global climate and environment fund on 26 Feb., according to Citiwire.
The fund has had an asset boom in recent years, as investors have poured money into green investment strategies all over the world.
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95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.