Nordea has rebranded its Flexible Credit fund as the European High Yield Opportunities fund, which is designed to broaden its focus while centring investments on European debt.
In a shareholder update regarding the fund’s prospectus, the Nordic group said it intends to rename the Luxembourg-domiciled vehicle from mid-August, which would include changing its benchmark and tweaking its investment process.
The €81m fund in its current form was launched in early 2020 and taken on by boutique group Capital Four. The current portfolio management team is Citywire AA-rated Laust Johnsen alongside Citywire A-rated pair Sandro Naef and Torben Magaard Skødeberg.
