Denmark's PenSam extends collaboration with Nordea AM
Danish pension scheme PenSam has granted a €2.16bn global equity risk premia mandate to Nordea Asset Management. The latter has been managing regional equity risk premia strategies for the institutional investor for some time and PenSam has decided to shift equity benchmark to the MSCI ACWI Climate Change Index.
“Changing the existing mandates to this new global mandate ticks the box for PenSam on a number of crucial parameters. The mandate provides exposure to equity risk premia and at the same time manages to integrate the goals that PenSam has set in relation to climate and sustainability,” said Claus Jørgensen, PenSam's chief investment officer.
Nordea AM managed some €223bn in assets as of end of June 2020.