Finland $380 Billion Nordea Asset Management Appointed as Sub-Investment Manager of 2 Sustainable Funds for New Zealand-Based Ethical Investment Manager Pathfinder Asset Management, 2 Funds are Pathfinder Responsible Investment Fund & Pathfinder Global Water Fund
5th May 2026 | Hong Kong
Finland Nordea Asset Management ($380 billion AUM) has been appointed as sub-investment manager of 2 sustainable funds for New Zealand-based ethical investment manager Pathfinder Asset Management. The 2 funds are Pathfinder Responsible Investment Fund & Pathfinder Global Water Fund. Announcement (22/4/26): “ Nordea Asset Management (NAM) is pleased to announce its first two mandates in New Zealand with Pathfinder Asset Management (Pathfinder), a leading ethical investment manager dedicated to driving lasting positive change through responsible investing. The appointment follows a rigorous process by Pathfinder, where over 70 managers were evaluated for ethical alignment, quantitative capability, and sustainability leadership. NAM emerged as the clear leader, offering a customised approach that allows Pathfinder to deliver world-class global equity capability to its clients without compromising its ethical framework. Under the mandates, NAM will act as sub-investment manager for Pathfinder’s Responsible Investment Fund and Global Water Fund. The portfolios will be managed by NAM’s Diversified Equity Team, which has worked together for over 15 years and currently manages over €80 billion in AUM in BetaPlus strategies. This partnership combines NAM’s expertise in sustainable and systematic investing with Pathfinder’s focus on ethical investing and long-term performance. The portfolios will be managed using NAM’s BetaPlus framework, which goes beyond market exposure by combining quantitative portfolio construction with disciplined risk management and integrated sustainability. These solutions are designed to generate consistent excess alpha through repeatable active strategies, delivered in a cost-efficient manner. The BetaPlus range comprises both traditional and sustainable building blocks, giving investors flexible and customizable solutions aligned with long-term investment objectives.” In 2025 December, Nordea Asset Management new sustainable actively managed ETF (BetaPlus Enhanced Global Sustainable Equity UCITS ETF) has become the largest sustainable actively managed ETF in Europe with $2.2 billion (€1.9 billion) AUM, and with BetaPlus ETFs crossing $3.5 billion (€3 billion) AUM for 3 ETFs (Global Sustainable Equity, Global Developed Sustainable Equity & European Select Equity). In 2025 October, Nordea Asset Management Emerging ex China Sustainable Stars Equity Fund launched in 2022 September has crossed the 3-year mark with $272 million AUM, investing in emerging markets outside of China to allow investors to manage China allocation separately.
“ Finland $380 Billion Nordea Asset Management Appointed as Sub-Investment Manager of 2 Sustainable Funds for New Zealand-Based Ethical Investment Manager Pathfinder Asset Management, 2 Funds are Pathfinder Responsible Investment Fund & Pathfinder Global Water Fund “
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Christophe Girondel, Global Head of Distribution at Nordea Asset Management: “We’re proud to partner with Pathfinder Asset Management on this landmark mandate, marking Nordea Asset Management’s entry into the New Zealand market. Pathfinder’s strong commitment to ethical and ESG investing aligns closely with our own philosophy, and together we’re bringing a differentiated BetaPlus framework that blends alpha generation and risk management with sustainability integration. We look forward to supporting Pathfinder in delivering strong outcomes aligned with long-term sustainable investment goals.”
John Berry, CEO and Co-Founder of Pathfinder Asset Management: “We selected Nordea Asset Management (NAM) for their world-class quantitative and responsible investment expertise. By combining Pathfinder’s ethical standards with NAM’s global ESG horsepower and institutional- grade systems, we strengthen our mission to generate both individual wealth and collective wellbeing for our members. Ultimately, this partnership is expected to deliver more consistent global equity returns and stronger risk management to improve investment quality, without compromising Pathfinder’s ethical integrity.”
Pathfinder – Awarded Best Ethical KiwiSaver Provider by Mindful Money 5 years running Pathfinder are on a mission to generate individual wealth AND collective well-being. The first fund manager in New Zealand to achieve B Corp™ certification.
Nordea Asset Management – Nordea Asset Management Nordea Asset Management (NAM, AuM 325bn EUR*), is part of the Nordea Group, the largest financial services group in the Nordic region (AuM 478bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies. Nordea Asset Management has a presence in Bonn, Brussels, Copenhagen, Frankfurt, Helsinki, Lisbon, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Santiago de Chile, Singapore, Stockholm and Zurich. Nordea’s local presence goes hand in hand with the objective of being accessible and offering the best service to clients. Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients. NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products. Having entered the ESG space over 30 years ago, Responsible Investment is deeply rooted in our Nordic DNA. As an ESG pioneer and market leader we established an award-winning RI Team in 2009—now one of the largest in Europe. We currently offer a broad suite of RI solutions to investors of all types across the globe.
Finland $362 Billion Nordea Asset Management New Sustainable Actively Managed ETF (BetaPlus Enhanced Global Sustainable Equity UCITS ETF) Becomes Largest Sustainable Actively Managed ETF in Europe with $2.2 Billion (€1.9 Billion) AUM, BetaPlus ETFs Crossed $3.5 Billion (€3 Billion) AUM for 3 ETFs (Global Sustainable Equity, Global Developed Sustainable Equity & European Select Equity)
5th December – Finland Nordea Asset Management ($362 billion AUM) new sustainable actively managed ETF (BetaPlus Enhanced Global Sustainable Equity UCITS ETF) has become the largest sustainable actively managed ETF in Europe with $2.2 billion (€1.9 billion) AUM, and with BetaPlus ETFs crossing $3.5 billion (€3 billion) AUM for 3 ETFs (Global Sustainable Equity, Global Developed Sustainable Equity & European Select Equity). Announcement (3/12/25): “Nordea Asset Management (NAM) is pleased to announce that the BetaPlus Enhanced Global Sustainable Equity UCITS ETF has become the largest sustainable actively managed ETF1 in Europe, as the BetaPlus ETF range surpasses €3 billion in assets under management just months after launch. The BetaPlus Enhanced Global Sustainable Equity UCITS ETF has already reached €1.9 billion in AUM, followed by the BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF at €900 million. The BetaPlus Enhanced European Select Equity UCITS ETF—launched in October—is now managing around €400 million. With over €80 billion in AUM, BetaPlus is an established family of active enhanced strategies that has consistently delivered alpha with controlled risk for over 15 years. The BetaPlus family comprises traditional and sustainable building blocks, with more than 25 strategies offered through UCITS, mutual funds and mandates, both in traditional and sustainable formats. Three of these strategies have been launched as ETFs in response to institutional and discretionary client demand, providing a convenient access point. Built on NAM’s world-class sustainability expertise, the BetaPlus sustainable active ETFs offer cutting- edge sustainability—without requiring professional investors to change benchmarks. These strategies go beyond the PAB exclusions that are required by the ESMA naming guidelines, commit to maintaining at least 50% sustainable investments, and deliver a carbon footprint at least 25% lower than their benchmarks.” In 2025 October, Nordea Asset Management Emerging ex China Sustainable Stars Equity Fund launched in 2022 September has crossed the 3-year mark with $272 million AUM, investing in emerging markets outside of China to allow investors to manage China allocation separately.
Nils Bolmstrand, CEO of Nordea Asset Management: “Reaching this global milestone so soon after launch is a clear signal that Nordea’s BetaPlus strategies resonate with clients – offering consistent alpha, solid risk control, and world-class sustainability in a cost-efficient manner. With BetaPlus now available as active ETFs, investors have a full array of options to access these strategies.”
Finland $331 Billion Nordea Asset Management Nordea 1 – Emerging ex China Sustainable Stars Equity Fund Launched in 2022 September Crossed 3-Year Mark with $272 Million AUM, Invests in Emerging Markets Outside of China to Allow Investors to Manage China Allocation Separately
25th October – Finland Nordea Asset Management ($331 billion AUM) Emerging ex China Sustainable Stars Equity Fund launched in 2022 September has crossed the 3-year mark with $272 million AUM, investing in emerging markets outside of China to allow investors to manage China allocation separately. Announcement (17/10/25): “Nordea Asset Management (NAM) is pleased to celebrate the 3-year anniversary of Nordea 1 – Emerging ex China Sustainable Stars Equity Fund (ISIN: BI USD – LU2528868263; BP USD LU2528868008). Three years ago, NAM launched the Nordea 1 – Emerging ex China Sustainable Stars Equity Fund (the Fund) to offer targeted access to Emerging Markets outside of China. With China’s outsized weight in broader EM indices, this fund allows investors to manage their China allocation separately and position more actively within the rest of the EM universe. Since its launch in September 2022, the fund has consistently outperformed its benchmark.A member of NAMs Sustainable STARS family, launched more than a decade ago, the Fund integrates ESG factors to invest in companies with strong governance, social responsibility, and environmental performance. The “Sustainable” designation reflects the Fund’s adherence to high ESG standards and its pursuit of measurable ESG outcomes, including alignment with frameworks beyond ESMA—such as Paris-Aligned Benchmark exclusions. The Fund recently welcomed Gina Kim as co-Portfolio Manager. She joined NAM a year ago as a Senior Equity Analyst, following 12 years at Schroder Investment Management Singapore as a fund manager for Asia ex Japan SMID Cap portfolios and an equity analyst for Asian markets. Kim holds a degree from the University of Cambridge and is based in NAM’s Singapore office. With USD 272mn in AUM*, the Nordea 1 – Emerging ex China Sustainable Stars Fund is managed by Pierre-Henri Cloarec, Jakob Zierau and Gina Kim. The team currently manages three NAM Sustainable STARS Equity strategies (Emerging Sustainable Stars, Emerging ex China Sustainable Stars and Asian Sustainable Stars) representing around USD 2.2bn in AUM (as of 10.2025).”
Pierre Henri Cloarec, Lead Portfolio Manager of Nordea 1 – Emerging ex China Sustainable Stars Equity Fund: ”We invest where the world is changing fastest. Global structural shifts create powerful tailwinds, especially in Emerging Markets where their impact is often underappreciated. By embedding this perspective into our process, we aim to identify tomorrow’s winners early and generate sustainable alpha.”
Nordea Asset Management – Nordea Asset Management (NAM, AuM 311bn EUR*), is part of the Nordea Group, the largest financial services group in the Nordic region (AuM 437bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies. Nordea Asset Management has a presence in Bonn, Brussels, Copenhagen, Frankfurt, Helsinki, Lisbon, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Santiago de Chile, Singapore, Stockholm and Zurich. Nordea’s local presence goes hand in hand with the objective of being accessible and offering the best service to clients. Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients. NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products. Having entered the ESG space over 30 years ago, Responsible Investment is deeply rooted in our Nordic DNA. As an ESG pioneer and market leader we established an award-winning RI Team in 2009—now one of the largest in Europe. We currently offer a broad suite of RI solutions to investors of all types across the globe. Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A., Nordea Investment Management AB, and Nordea Funds Ltd and their Hibranches and subsidiaries.
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