The Nordea 1 – Empower Europe fund reaches 500 million in AUM seven months after its launch
30 JAN, 2026
By Joanna Piwko from RankiaPro Europe
The fund Nordea 1 – Empower Europe Fund, launched in June 2025, has exceeded 500 million euros in assets under management in just seven months, driven by sustained investor demand.
The milestone comes in a context of geopolitical tension and economic uncertainty, in which pressure is growing for Europe to strengthen its autonomy and accelerate investment in strategic areas.
A fund aligned with Europe's strategic autonomy
Nordea Asset Management proposes this economic shift as a defining moment for the continent: capital is being redirected towards resilience, energy security and industrial strength. The Nordea 1 – Empower Europe Fund seeks to position itself at the center of this transformation, mobilizing capital towards the reconstruction of European economic sovereignty and its long-term competitiveness.
The strategy actively invests in European innovators of small and medium capitalization, closely linked to local supply chains and capable of driving the next phase of industrial growth and resilience. The approach is articulated in three themes:
- Energy resilience: accelerating energy independence and strengthening critical infrastructures.
- Reindustrialization and relocation: betting on automation, reshoring and smart manufacturing.
- Defense and cybersecurity: strengthening defense systems, equipment and cyber risk mitigation.
Management team
The strategy is managed by René Petersen and portfolio co-manager Hilde Jenssen, both with over 30 years of investment experience, and backed by the Fundamental Equity team of Nordea AM, recognized for its European equity strategies. With the rapid growth of assets, the vehicle offers investors the opportunity to participate early in a key transformation for Europe's economic future.
Europe is entering a decisive phase of its economic and strategic evolution. Current geopolitical and economic realities are redefining capital allocation across the region, and the time to invest is now. The rapid growth of the Empower Europe Fund reflects the growing conviction of investors that this change is structural, not cyclical, creating attractive opportunities in European equity.
Nils Bolmstrand, CEO of Nordea AM
