Nordea Asset Management, the largest financial services group in the Nordic region, has launched a new global infrastructure fund targeting “defensive and stable growth,” media sources reported Friday.
CBRE Clarion Securities will manage the new fund, which was valued at $26.98 million as of Thursday, according to a factsheet.
The fund will invest globally with at least three-fourths of its total assets (excluding cash) in equity-related securities issued by infrastructure companies listed or traded on a regulated market.
Nordea’s management team will select companies that appear to offer superior growth prospects and investment characteristics.
U.S. equities will comprise its largest asset class, with 53.52 percent of the fund, followed by Canadian, Spanish, Japanese, international, French, Australian, U.K., Italian and money market equities at varying percentages.
The firm could not be reached to comment on its fundraising efforts.
