The asset management arm or Nordic bank Nordea will enter Europe’s ETF market with a trio of its institutional ‘BetaPlus’ active equity strategies, ETF Stream can reveal.
The products have received approval from the Central Bank of Ireland (CBI) after the Nordea ETF ICAV was registered with the regulator.
The ETFs are:
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Nordea BetaPlus Enhanced European Select Equity UCITS ETF
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Nordea BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF
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Nordea BetaPlus Enhanced Global Sustainable Equity UCITS ETF
The Nordic asset manager will join other legacy managers rushing to Europe’s active ETF market through low tracking error offerings.
The firm already offers an established suite of ESG and non-ESG ‘BetaPlus’ funds with a “quantitative bottom-up investment approach with a fundamental overlay”.
This approach is based on a “systematic return forecast method” which is based…
