Nordea 1 - Global Long Short Eq Fd USD H

The fund is a global long short equity portfolio which aims to provide a return of 5%-8% p.a. gross of fees over a full market cycle with a volatility of 5%-8% p.a. The portfolio aims to be close to beta neutral (+/- 0.1) with a low net exposure (0%-20%). The investment philosophy is largely anchored in the academic findings of behavioural finance. The fund follows a fundamentally based, bottom-up investment process that seeks to minimise uncompensated risk. By investing long in securities around the globe experiencing unexpected earnings growth, and conversely short selling companies around the globe experiencing unexpected earnings contractions, the team expects to add value on both the long and short sides via stock selection.