Nordea Asset Management
The latest research and outlooks in the ProAllocate library
- Thematics
Building Europe's Future: From Strategic Resilience to Investment Opportunity
Nordea's René Petersen argues Europe's structural investment surge in energy, defence and industrial capacity will favour specialised small and mid-cap suppliers rather than the largest index constituents. He contends sustained capital expenditure in grids, cybersecurity and defence supply chains offers durable growth opportunities beyond headline beneficiaries.
- Sustainability
When the tap runs dry: the long-term investment case for Energy Efficiency
Nordea's Henning Padberg argues that resource efficiency, not new clean energy supply, offers the most compelling climate investment opportunity, driven by AI-related data-centre power demand and ageing electricity grid infrastructure. He cites Schneider Electric, Trane and Cognex as examples of companies profiting from this structural shift.
- Sustainability
The energy transition has a new engine - and it's not policy
Nordea Asset Management's Harry Granqvist argues the energy transition is now driven by clean-technology cost economics and energy-security imperatives rather than policy, making active management essential to separate durable winners from unproven bets.
- Thematics
Europe’s next growth cycle Is being built from the ground up
European companies are ramping up investment in energy, defence, semiconductors and digital infrastructure to address reduced energy security and geopolitical fragmentation. Nordea argues this creates a durable, decade-long opportunity in specialised small- and mid-cap enablers beyond household-name equities.
- Equities
Europe’s next growth cycle Is being built from the ground up
Europe's push for strategic autonomy in energy, defence and technology is driving a sustained corporate investment cycle, creating opportunities in specialised small- and mid-cap enablers rather than large-cap index names.
- Sustainability
The Signals That Matter: Investing Beyond Today's Crises
Nordea's Pedersen argues that despite market noise and doubts about slowing momentum, the energy transition and sustainable finance have reached a positive inflection point, driven by improving renewables economics, accelerating global deployment and robust institutional demand.
- Fixed Income
Beyond Government Bonds: Why Covered Bonds Deserve a Place in Every Fixed Income Portfolio
European covered bonds offer dual-recourse safety comparable to government debt with attractive yield pickup, trading above their ten-year spread average amid favourable supply dynamics. Nordea argues their complexity and relative-value dislocations reward active management, making them a conviction allocation.
- Equities
Europe's next growth story is taking shape
Petersen argues Europe's exposed strategic dependencies in energy, supply chains and defence are driving a multi-year investment cycle. Nordea's Empower Europe Strategy targets energy resilience, reshoring production and defence/cybersecurity to capture this transformation.
- Equities
Europe’s Security Ramp Up: Investing in Defence for Strategic Autonomy
European governments are mobilising unprecedented investment in defence, cybersecurity, and critical infrastructure via initiatives like ReArm Europe. This structural drive for strategic autonomy creates a multi-year opportunity spanning major defence groups and less-visible small- and mid-cap enablers.