Luxembourg, LU, 29 April, 2026 — ABN AMRO Investment Solutions (AAIS) has awarded Nordea Asset Management (NAM) nearly €1 billion in a sub-advised mandate. The tailor-made strategy, ABN AMRO Nordea European Covered Bonds, is managed by NAM’s Fixed Income Rates Team.

AAIS maintains a core allocation to European covered bonds, reflecting its conviction that the asset class offers low-risk investment opportunities with higher returns compared to traditional government bonds, as well as its confidence in NAM’s expertise and proven capabilities in this asset class.

Covered bonds — fixed-income securities issued by banks or mortgage lenders and backed by pools of assets such as residential mortgages or public-sector loans — are increasingly seen as a compelling alternative to government debt due to their dual layers of protection. With over 200 years of history and no recorded defaults, covered bonds offer a notably high level of stability.

«ABN AMRO’s decision to award NAM this sub-advised mandate demonstrates the trust they place in our European Covered Bonds strategy. We’re proud to offer a solution that combines the safety and reliability of covered bonds with the potential for consistent returns, alongside long-term stability — an especially powerful combination in today’s unpredictable environment.»

Christophe Girondel, Head of Global Distribution, Nordea Asset Management

«This mandate demonstrates the robustness of our open‑architecture model and our ability to select and work alongside leading investment specialists. We are delighted to partner with Nordea AM to deliver a solution that combines strong governance, investment alignment and in‑depth expertise.»

François‑Xavier Gennetais, Chief Executive Officer, ABN AMRO Investment Solutions


«The ABN AMRO Nordea European Covered Bonds Fund is managed by a stable and experienced investment team with long‑standing expertise in the covered bond market, particularly in Scandinavia. The strategy has demonstrated a consistent ability to generate value relative to its benchmark over a full market cycle1.»

Christophe Boucher, Pr., Dr., Chief Investment Officer, ABN AMRO Investment Solutions

Classified as an Article 8 SFDR solution, ABN AMRO Nordea European Covered Bonds uses NAM’s methodology for sustainability in Covered Bonds, incorporating an exclusion framework and integrating a responsible investment process from research to portfolio construction.

NAM’s Fixed Income Rates Team has over 20 years’ experience in the covered bonds space and is managing over €40bn in assets with a strong record of alpha generation.1 The team is based in Denmark, one of the largest and oldest markets for covered bonds.