Title: European Covered Bonds: a hidden treasure in Fixed income segment with ESG integration
Date: June 30th (Wednesday), 2021 18:30-19:30
※This is a Zoom webinar.
Topics: Investment Products & Asset Classes (PL credit eligible)
Speaker: Mr. Henrik Stille (Portfolio Manager, Nordea Asset Management)
Moderator: Chunmei Huang, CFA, CPA (Senior Director, Shinsei Corporate Investment, Ltd.)
Fee: CFA Society Japan Regular/Affiliate Member, CFA Society Japan Associate / Professional Member, CFA Institute Member of other society: Free
CFA Program Candidate: 2,000yen
(※This is a Global Passport accredited event.)
After the ESG way of investing become a "new normal" in public but also private Equity space, the investors turn increasingly their interests toward Fixed Income. As one of the oldest banks and first runner in Responsible Investment field in Nordic region, Mr. Henrik Stille from Nordea Asset Management would like to share with you their expertise and also bring up a relatively unknown asset class: European Covered Bonds.
Covered bonds are debt instruments secured by a cover pool of mortgage loans (property as collateral) or public-sector debt to which investors have a preferential claim in the event of default. Under the Bank Recovery and Resolution Directive (BRRD), covered bonds are exempted from bail-in (unlike e.g. senior bonds).
Solution for Fixed Income Investors:
1- There is much more potential than the effective yield to spot on where most investors put their focus and those yields rights are often in even negative territory.
2- Identifying ESG factors that potentially could have an impact on spread levels in combination with active management of the less known hidden treasure,
European Covered Bonds asset class, give to FI investors so much desired positive and risk/reward attractive returns.
Henrik is the lead portfolio manager of the European covered bond solutions of the Nordea 1, SICAV (including the Nordea 1 – European Covered Bond Fund) and of the Nordea 1 – Danish Covered Bond Fund since 2008. . He has been working in Nordea's Danish Fixed Income Team since 2005. Henrik began his career as assistant Portfolio Manager after he successfully passed his studies at University of Lund, Sweden. He holds a MSc in Economics and Business Administration and participated in Nordea's 2-year graduate program. After working as an Assistant Portfolio Manager and completing the Graduate program he took over the responsibility as a Portfolio Manager in the Danish Fixed Income Team in 2007.
If you wish to attend this webinar, please register via website.
※We will send the link on Zoom webinar to the registrants before the event.
CFA Society Japan