The new licence will allow Nordea AM to carry out portfolio construction and allocation among other things.
All three portfolios rebounded in October and posted positive returns.
All three portfolios rebounded in September and posted positive returns.
High conviction equity portfolios tend to have a higher likelihood of outperforming the index than broadly diversified portfolios, argues Willis Towers Watson.
The three portfolios were down for the month, but fixed income products from Pimco and Fidelity limited the decrease.
FE’s cautious portfolio continued to be positive last month, driven by exposures in US equities and Asian high yield and emerging market debt.
The firm’s growth portfolio rebounded strongly last month with the help of an emerging markets fund that outperformed all products in the portfolio.
May was a month of market downturns, and the FE portfolios were impacted. The firm also rebalanced one of its portfolios.
The firm’s cautious portfolio was up, mostly driven by equity exposure to developed markets.
Overweight positions in Asia have helped propel the firm’s growth portfolio.