The North American Value Fund, flagship of the Nordea 1, SICAV range of investment funds, is celebrating its 10th anniversary on 14 March.
In the period from its launch until 31 January 2007, the fund posted a return of 341.6 percent compared with 111.9 percent for the S&P 500 Composite – Total Return index.
“During the past 10 years, the fund’s investment team has remained steadfastly committed to its value discipline in all market conditions,” says Gregg J. Powers, a Senior Portfolio Manager at Nordea. “The investment process is company specific and premised on the belief that a company’s intrinsic value is primarily dependent on its ability to generate sustainable discretionary cashflow.”