AMWatch

Nordea liquidates bond fund

Nordea explains that the fund is liquidated due to an "expected change of investment focus of the majority shareholder of the fund".

Photo: STAFF/REUTERS / X01095

Nordea has decided to liquidate its Latin American Corporate Bond Fund. In a notice to its shareholders, Nordea's board of directors informs that the fund will be liquidated with immediate effect from March 1.

In the notice, the company explains that the fund is liquidated due to an "expected change of investment focus of the majority shareholder of the fund" and adds: "The fund could not be operated efficiently with only the remaining shareholders invested."

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