Nordea Asset Management

The global economy is in the midst of a remarkable transformation, presenting investors with a unique mix of hurdles and opportunities. Over the past year, we’ve witnessed persistent trends—America’s economic resilience, global disinflation, and simmering geopolitical tensions—that are likely to shape the year ahead, though with important nuances.

Cement is an essential material for our modern economy. With its low cost and durable characteristics, we struggle to see a scenario where it can be replaced at scale – meaning this essential material will have a continued role in the low carbon economy of the future.

From sprawling farmlands to bustling factories, the global food industry operates through a vast and intricate network of interconnected supply chains spanning the globe. This complex system, vital for bringing food to our tables, is driven by immense resource demands, logistical challenges, and environmental impacts, raising urgent questions about its long-term sustainability, efficiency, and resilience.

With the rate reduction cycle starting to unfold, global listed real estate has recently morphed into a winner. Despite the strong Q3 2024 performance, global REITs are still poised to outperform and deliver attractive returns in the long-term.

As we approach the end of 2024, the economic outlook remains uncertain, with debates around whether the global economy is heading for a soft or hard landing. Amidst this uncertainty, one asset class stands out as a beacon of stability and potential performance: Covered Bonds. These instruments, long recognized for their safety and reliability, are poised to outperform European Investment Grade (IG) Corporates and government debt, making them an attractive option for investors seeking both security and returns in a volatile market.

With the U.S. elections approaching, a tight race between Kamala Harris and Donald Trump is emerging. We took this opportunity to consult with our investment boutiques on their perspectives regarding the potential implications of the election outcome on financial markets and portfolios.

As we approach the end of 2024, the economic outlook remains uncertain, with debates around whether the global economy is heading for a soft or hard landing. Amidst this uncertainty, one asset class stands out as a beacon of stability and potential performance: Covered Bonds.

Nordea Asset Management (NAM) has been recognized by the Principles for Responsible Investment (PRI) for its leadership in spearheading a collaborative engagement of approximately 20 investors focused on enhancing disclosures and reducing company methane emissions to near zero within the energy, utilities, and waste management sectors.

What do Artificial Intelligence (AI), heat pumps and electric vehicles (EV) have in common? They are among the great hopes for a successful transition to a more sustainable future, and they need electricity – a lot of electricity.

As the climate crisis and mounting social issues increasingly demand our attention, business risks and opportunities are showing up in areas like healthcare, waste management and agriculture. We believe that companies offering solutions to climate and social challenges represent a compelling proposition for investors.