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Nordea Asset Management shuts down externally managed high yield bond fund

Investors' lacking interest has led to the closure of a Nordea low duration bond fund managed by Copenhagen-based Capital Four.

The Nordea fund was managed by Capital Four.

Nordea Asset Management has closed a high-yield bond fund due to less than EUR 1m in assets under management, according to news site Citywire Selector.

The fund Nordea 1 – Low Duration European High Yield Bond Fund was managed on a mandate basis by boutique firm Capital Four in Copenhagen -- with Sandro Naef, Torben Magaard Skødeberg and Henrik Østergard as managers.

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