Nordea Funds

BW Group is a global maritime conglomerate with a diversified portfolio spanning over 80 years. It specializes in transporting oil and gas, owning and operating floating infrastructure, and engaging in deepwater production. BW's fleet comprises over 150 vessels, including crude oil tankers, LNG and LPG carriers, FSRUs, chemical tankers, and FPSOs. The group also invests in environmentally friendly technologies through BW Ventures, focusing on battery energy storage systems. BW Group employs over 4,500 people and has a significant presence in countries like Singapore, Norway, and China. It manages one of the world's largest independently-owned and operated fleets of gas carriers and FPSO vessels. The company prioritizes health, safety, environmental protection, and asset preservation in its operations.

Xplora is a Norway-based platform and services company focused on wearable technology for children, best known for its smartwatches that promote safe digital onboarding and a balanced lifestyle. Headquartered in Norway with operations across leading European markets, the company sells a range of devices and related accessories through retail channels. Revenue is primarily from device sales, with Germany accounting for the majority of its revenue.

Veidekke ASA is a prominent construction and property development firm based in Scandinavia. The company engages in a wide range of activities, including the construction of residential and non-residential buildings, civil engineering projects, and infrastructure developments. It operates through six segments: Construction Norway, which focuses on apartment complexes and commercial buildings; Infrastructure Norway, covering road maintenance, railways, and airports; Construction Sweden, which involves residential units, offices, and cultural institutions; Infrastructure Sweden, focusing on energy, heavy industry, and recycling facilities; and operations in Denmark. Veidekke is committed to delivering high-quality construction services while emphasizing sustainability and innovation in its projects.

Vitec Software Group is a software company based in the Nordic region that specializes in developing industry-specific business systems. The company provides tailored software solutions for various sectors, including pharmaceuticals, automotive, banking, insurance, healthcare, real estate, and education. Vitec's offerings are designed to support customers in managing their operations more effectively and profitably. The company's diverse segments, which include Auto, Energy, Real Estate, Finance and Insurance, Environment, Estate Agents, and Education and Health, reflect its commitment to addressing the unique needs of different industries.

Helen sell electricity to about 450,000 customers and heat more than 90 percent of Helsinki's properties with district heating.

Swedish Logistic Property specializes in developing and managing logistics properties across Sweden. Its portfolio comprises strategically located, energy-efficient facilities tailored to meet diverse business needs. The company focuses on acquiring and developing new properties while prioritizing sustainability in construction practices and facility operations.

ITAB Shop Concept specializes in designing, manufacturing, and installing comprehensive shop fitting concepts for retail chain stores worldwide. Its offerings include custom-made fitting solutions, innovative checkout systems, and professional lighting systems, aiming to enhance customers' shopping environments.

ITAB Shop Concept specializes in designing, manufacturing, and installing comprehensive shop fitting concepts for retail chain stores worldwide. Its offerings include custom-made fitting solutions, innovative checkout systems, and professional lighting systems, aiming to enhance customers' shopping environments.

Salmon Evolution AS is a land-based salmon farming company headquartered in Molde, Norway. Founded in 2017, the company utilizes hybrid flow-through technology to capitalize on optimal conditions for raising salmon. Its production facility is located in Indre Harøy, offering access to a skilled workforce, established infrastructure, renewable energy, and a continuous supply of fresh seawater. Salmon Evolution focuses on the sustainable production of high-quality salmon, ensuring the health and growth of the fish while minimizing environmental impact. The company operates through two reportable segments: Farming Norway, which encompasses various subsidiaries, and Other, which includes revenue and costs not directly tied to the farming activities.

Mycronic AB is a Swedish high-tech company specializing in the development, manufacture, and marketing of production equipment for the electronics industry. Headquartered in Täby, north of Stockholm, Mycronic operates through four main segments. The Pattern Generators segment focuses on creating mask writers and measuring machines for photomask production used in displays. The High Flex division offers surface mount technology (SMT) and inspection equipment, targeting flexible manufacturing markets primarily in Europe and the United States. The High Volume division provides equipment for dispensing and conformal coating of circuit boards, catering to high-volume markets in Asia. Additionally, the Global Technologies division delivers comprehensive production solutions, enhancing the operational efficiency of electronics manufacturing. Mycronic maintains a global presence with subsidiaries in multiple countries, including China, France, Germany, Japan, Singapore, South Korea, the Netherlands, the United Kingdom, and the United States.

Quizrr AB is a Stockholm-based company, founded in 2013, that specializes in digital training solutions aimed at educating employees on essential workplace topics such as responsibilities, safety and health, workplace dialogue, and wage management. Through its web portal, QuizRR enables users to engage in training sessions at their convenience, while also providing tools to measure and share training outcomes. The company operates additional offices in China, Bangladesh, and Hong Kong, highlighting its commitment to addressing the widespread lack of awareness regarding employees' rights and ensuring compliance with international conventions and national regulations on employment standards and sustainability.

Founded in Norway and Sweden in 2016, Tibber is a digital electricity supplier offering smart solutions to minimize customers' consumption and costs. It provides renewable energy at fair prices, real-time analytics via its app, and compatibility with various smart home devices. Tibber aims to reduce residential electricity consumption by 20% across Europe.

Stillfront Group is an independent developer, publisher and distributor of digital games, specializing in free-to-play titles with a diversified portfolio. The company coordinates multiple near-autonomous studios across Europe and beyond, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, along with established studios such as Goodgame Studios, Storm8 and Babil Games. Stillfront emphasizes games with long lifecycles and loyal players, distributing titles worldwide, with primary markets in the United States, Europe and the MENA region.

SG Finans AS is a financial services company specializing in equipment leasing and factoring, primarily serving private enterprises and the public sector in Norway, Sweden, and Denmark. Founded in 2004 and based in Lysaker, Norway, the company offers a wide range of leasing solutions for various types of equipment, including agricultural, construction, transport, technology, production, workshop, lifting devices, forestry machinery, and aquaculture equipment. In addition to leasing, SG Finans provides diverse factoring services such as ordinary and block factoring, currency factoring, inventory financing, and both export/import and web factoring. The company, previously known as Elcon Finans AS, adopted its current name in August 2004 and operates as a subsidiary of Nordea Bank Abp.

Enfuce is a European fintech company specializing in payment processing. It offers debit, prepaid, and credit card solutions, serving traditional banks, neobanks, and fintechs across Europe and globally. Enfuce's cloud-based platform provides open banking, issuing and acquiring services, strong customer authentication, and back-office support.

Tink AB, founded in 2012 and based in Stockholm, Sweden, operates as a cloud-based open banking platform that supports the development of data-driven financial services. The company's offerings include account aggregation, payment initiation, and personal finance management tools, which can be integrated into existing banking applications or used as standalone services. Tink's mobile application enables users to manage their finances across multiple bank accounts, facilitate money transfers, pay bills, and set personal budgets. The platform also provides valuable insights through automatic transaction categorization and daily spending analyses. Tink collaborates with various financial institutions, including notable partners like ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB, to enhance the financial services landscape.

Gjensidige Sverige is a Norwegian insurance company that specializes in providing a range of general insurance products and financial services to both individuals and businesses. Established in 1922 and headquartered in Oslo, the company offers various insurance solutions, including coverage for vehicles, homes, contents, boats, animals, and travel. Additionally, Gjensidige Sverige provides pension and savings products, as well as health care services, ensuring clients receive appropriate insurance coverage tailored to their specific needs. The company focuses on delivering comprehensive services that help customers effectively manage their risks and financial well-being.

Subaio is a Danish company founded in 2016 in Aalborg by Thomas Kjølby Laursen and Brian Jørgensen, specializing in financial software that enhances the management of subscription services. The company develops white-label solutions designed for banks and fintech companies, providing insights into recurring payments and enabling customers to monitor and manage their subscriptions effectively. By offering tools that help users identify and cancel unwanted subscriptions, Subaio empowers consumers to make informed financial decisions, ultimately fostering customer satisfaction and retention for financial institutions. Through its services, Subaio aims to simplify the complexities of subscription management and improve spending oversight for individuals.

Betalo AB, founded in 2011 and based in Stockholm, Sweden, specializes in developing a user-friendly mobile payment application. The company aims to simplify everyday financial transactions for its users by leveraging modern technology and reducing overhead costs. By prioritizing transparency and fairness, Betalo seeks to provide accessible and affordable banking services. Its team, equipped with extensive technical and financial expertise, focuses on creating a secure and intuitive experience for users. Betalo believes that innovative technology and thoughtful design can enhance everyday banking, making financial services available to a broader audience. The company's vision includes breaking down barriers in financial services to facilitate connections among people.

EatAndTheCity Oy operates a restaurant discovery platform that enables users to find and book dining experiences. Based in Helsinki, Finland, with additional offices in Kerava, Tallinn, Berlin, and London, the company fosters a digital community where food enthusiasts can share reviews and curate lists of their favorite restaurants. The platform assists chefs and restaurant owners by facilitating reservations, offering gift certificates, and providing updated menu information. It also collaborates with content partners, including media companies and food bloggers, to enhance local restaurant communities through expert reviews and recommendations. Founded in 2015, EatAndTheCity aids media organizations in monetizing their content while strengthening connections with local audiences, thus creating new revenue opportunities for its partners.

Tink AB, founded in 2012 and based in Stockholm, Sweden, operates as a cloud-based open banking platform that supports the development of data-driven financial services. The company's offerings include account aggregation, payment initiation, and personal finance management tools, which can be integrated into existing banking applications or used as standalone services. Tink's mobile application enables users to manage their finances across multiple bank accounts, facilitate money transfers, pay bills, and set personal budgets. The platform also provides valuable insights through automatic transaction categorization and daily spending analyses. Tink collaborates with various financial institutions, including notable partners like ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB, to enhance the financial services landscape.

Motorious Entertainment Oy, founded in early 2015 and based in Helsinki, Finland, specializes in the development and publishing of mobile games. The company is dedicated to creating engaging and addictive gaming experiences primarily for mobile devices, leveraging its team's extensive background in AAA game development and media. Motorious has formed a licensing agreement with the BBC to produce and distribute a series of mobile games that incorporate lifestyle themes, humor, and epic challenges tailored to their target audience. With a focus on branded content, the games developed by Motorious are accessible on major platforms such as app stores and Google Play, allowing users to play and compete with others.

Connected Finland Oy is a pioneering low power wide area Internet of Things (IoT) connectivity network operator based in Espoo, Finland. Established in 2015, the company specializes in facilitating bidirectional communication between devices while emphasizing energy efficiency. This focus enables the development of connected devices that can operate for years on standard batteries. As the first nationwide IoT operator in Finland, Connected Finland has formed a strong partnership with Sigfox, a leading provider of low power wide area IoT network technology and ecosystem.

NCC is a leading construction company specializing in the development of commercial buildings, infrastructure projects, and related services. The company operates through five business areas: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. Each segment focuses on specific aspects of the construction and development process, allowing NCC to deliver comprehensive solutions across various project types. With a commitment to quality and innovation, NCC has established itself as a prominent player in the construction industry.

NorSun is a Norwegian company specializing in manufacturing high-performance monocrystalline silicon ingots and wafers for the solar energy industry. With production facilities in Ã…rdal, Norway and Vantaa, Finland, NorSun's annual capacity exceeds 200 MWp. The company supplies leading solar cell manufacturers, focusing on quality and innovation.

PlusGirot is a Swedish-based international transactions bank.

Kjell & Co Elektronik A.B. is a Swedish retailer specializing in home electronics accessories. Founded in 1988 and headquartered in Malmö, the company operates a chain of physical stores across Sweden, in addition to offering its products through online sales channels. Kjell & Co Elektronik A.B. was previously a subsidiary of ICA Gruppen AB. The company is dedicated to providing a wide range of electronic accessories to meet the needs of consumers.

Bang & Olufsen designs, develops, and markets audio and video products, including speakers, headphones, televisions, and related accessories. The company markets its products through a network of monobrand and multibrand stores as well as third-party retailers and online channels, with a global presence across Europe, North America, Asia and other regions. Founded in 1925 in Struer, Denmark, Bang & Olufsen is known for a distinctive design language that combines technical performance with emotional appeal. Its portfolio covers home entertainment systems, portable and multi-room speakers, and high-performance audio solutions, and it also supplies sound systems for the high-end automotive market.

Boliden is a metals company committed to sustainable development, specializing in exploration, mining, smelting, and metals recycling. It operates six mining areas and five smelters across Sweden, Norway, Finland, and Ireland, employing approximately 5,500 people with an annual turnover of around SEK 40 billion. Boliden's primary products are zinc ingots, copper cathodes, lead ingots, and gold/silver granules, serving industrial customers in Europe.