NORDEA INVESTMENT MANAGEMENT AB

Nordea Investment Management is a private investment manager acts as a subsidiary of the Nordea Bank company. The company can trace its history back almost 200 years when some of the banks within the Nordea Bank organization were founded. The parent company can trace its origins to over 300 banks, although the company itself was formed in 2001 when a number of mergers had decreased the number of banks to four major banks, the Nordbanken from Sweden, Merita Bank from Finland, Unibank from Denmark, and Christiania Bank og Kreditkasse from Norway, which came together to form the bank group Nordea Bank. The current company Nordea Investment Management is a part of the Wealth Management division within its large parent company that has access to over 11 million customers. Some of the clients that the company provides services to include pension funds, unions, corporations, insurance companies, and foundations. Nordea Investment Management provides a variety of services to its diverse base of clients, including management services for client-focused equity, balanced, and fixed income portfolios, mutual funds, and hedge funds. The company provides these offices on a global scale, offering its services to clients in Europe, the Americas, and Asia with physical office locations in Stockholm, its headquarters, Helsinki, Oslo, and Copenhagen. Nordea Investment Management currently holds over $190 billion in total assets under management and is the largest Nordic retail fund provider that provides for over 600 Nordic and international institutional customers and over 400 international fund distributors. The company utilizes a combination of quantitative analysis with a fundamental approach, using both top down and bottom up stock picking approaches in order to create and manage its portfolios. The company mainly invests in the technology, financial, and health care sectors, together making up over half of its total investments, but also invests in services, utilities, consumer, and transportation sectors, in order of decreasing asset allocation.