Nordea is planning to float six new funds focused on high yield and emerging market debt and equity, Citywire reports. The Swedish financial services group will partner with MacKay Shields to roll out a low duration U.S. high yield bond fund that will be run by Dan Roberts. The Stockholm-based firm will also roll out an Active European high yield bond fund, a Polish bond fund and an emerging market local currency bond fund, both of which will be managed internally. Nordea will also be unveiling a Polish equity fund and an Emerging Stars equity fund.
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