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This is marketing material published by Nordea Funds Ltd. This material is for informational purposes only and does not amount to an investment advice or recommendation and should not be used as basis for an investment decision. Views and opinions reflect the current economic market conditions, and are subject to change. While the information herein is considered to be correct, no representation or warranty can be given on the ultimate accuracy or completeness of such information. Nordea Funds Ltd is a management company incorporated in Finland and supervised by the Finnish Financial Supervisory Authority. This material may not be reproduced or circulated without prior permission. © Nordea Funds Ltd. The material is not intended for persons in the USA (US Person). No person in the USA may subscribe to funds managed by Nordea Funds Ltd.