Access to information contained on this website is exclusively reserved for professional investors in United Kingdom. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2021 by Nordea Investment Funds S.A. – all rights reserved.
Access to information contained on this website is exclusively reserved for investors in United Kingdom. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2021 by Nordea Investment Funds S.A. – all rights reserved.
Press release | October 2016
“The third quarter was characterised by a stable environment with low volatility on financial markets but also continued low growth. Net interest income was down 4% in local currencies compared to the third quarter of 2015, but is up 1% from the previous quarter, and we continue to believe that the trough levels are now over. Net inflow to our assets under management was at an all-time-high of EUR 9.6bn and Nordea’s leading position in corporate advisory services was confirmed. In terms of deal value, we are ranked as number two in Europe as global co-ordinator of IPO’s. Total income increased by 10% compared to the third quarter in 2015, and the cost-to-income ratio improved by 1.0%-point to 48.1%. Our credit quality remains solid with a loan loss level at the 10-year average. Despite an increase in CET1 ratio of 160bps to 17.9%, the return on equity improved 1.2%-points to 11.6% compared to the third quarter of 2015.
We are now one year into our business and culture transformation journey. We are simplifying our legal structure, replacing the core banking platform and investing in our compliance functions, as well as appointing world-class experts, many of whom have an international background, to several key strategic positions. The overall aim is to continue building the bank our customers want us to be.”
Third quarter 2016 vs. Third quarter 2015 (Third quarter vs. Second quarter1)
Exchange rates used for Q3 2016 for income statement items are for DKK 7.4474, NOK 9.3801 and SEK 9.3713.
 Excl. non-recurring items (Q2 2016: gain related to VISA Inc.’s acquisition of VISA Europe amounted to EUR 151m, net of tax).
About Nordea Asset Management
Nordea Asset Management (NAM, AuM 214.5 bn EUR*), is part of the Nordea Group, the largest financial services group in Northern Europe (AuM 317 bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies.
Nordea Asset Management has a presence in Cologne, Copenhagen, Frankfurt, Helsinki, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Sao Paulo, Singapore, Stockholm, Vienna and Zurich. Nordea’s local presence goes hand in hand with the objective of being accessible and offering the best service to clients.
Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients. NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products.
*Source: Nordea, 30.09.2016
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This document is intended to provide the reader with information on Nordea’s specific capabilities. This document does not amount to an investment advice nor does it constitute a recommendation to invest in any financial product, investment structure or instrument, to enter into or unwind any transaction or to participate in any particular trading strategy. This document is not an offer to sell, or a solicitation of an offer to buy any security. Any such offering may be made only by an Offering Memorandum, or any similar contractual arrangement. Consequently, the information contained herein will be superseded in its entirety by such Offering Memorandum or contractual arrangement in its final form. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, Offering Memorandum, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document relating to the investment.
This document contains information which has been taken from a number of sources. While the information herein is considered to be correct, no representation or warranty can be given on the ultimate accuracy or completeness of such information and investors may use further sources to form a well-informed investment decision. Prospective investors or counterparties should discuss with their professional tax, legal, accounting and other adviser(s) with regards to the potential effect of any investment that they may enter into, including the possible risks and benefits of such investment. Prospective investors or counterparties should also fully understand the potential investment and ascertain that they have made an independent assessment of the appropriateness of such potential investment, based solely on their own intentions and ambitions.
Investments in derivative and foreign exchange related transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets involve a higher element of risk. The value of the investment can greatly fluctuate and cannot be ensured.
Additional information for Nordea 1, SICAV: Any investment decision in the Luxembourg domiciled sub- funds of the Fund should be made on the basis of the current prospectus and the Key Investor Information Document, which are available, along with the current annual and semi-annual reports, electronically in English and in the local language of the market where the sub-funds are authorised for distribution, without charge upon request from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. The Depositary of the Nordea 1, SICAV is J.P. Morgan Bank Luxembourg S.A.
For further details of investment risks associated with these sub-funds, please refer to the relevant Key Investor Information Document, available as described above. Further information can be obtained from your financial advisor. He/she can advise you independently of Nordea Investment Funds S.A.
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