Corporate Bond Nordic is an actively managed fixed income fund that primarily invests in corporate bonds with high credit (Investment Grade) in the Nordic corporate bond market, with an emphasis on the Swedish market. The market includes instruments issued by both Nordic companies and foreign companies seeking financing from investors in the Nordic region. The fund mainly invests in FRN bonds and have an average duration of maximum one year. All holdings are currency hedged. The fund complies with Swedbank Robur’s Policy for Responsible Investments and also applies an extended exclusion level. Read more in the fund’s Information Brochure & swedbankrobur.se. Sustainability and climate work constitute an integrated part in our investment strategy. For more information regarding share classes see the Information Brochure. The fund is suitable for those who want a complement to a traditional fixed income investment with good opportunities for higher returns, but at a slightly higher risk.
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Asset Manager Comment
Updated 2026-08-06July was marked by a dramatic rebound in global interest rates driven by renewed inflationary turmoil and geopolitical tension in the Middle East. The German 10-year interest rate reached 3.20%, the highest level since 2011, following an energy price-driven inflation shock in which German inflation rose to 2.8%.
Despite this, both the ECB and the Bank of England left their key interest rates unchanged at 2.25% and 3.75% respectively.
In the US, the Fed left the interest rate unchanged at 3.50–3.75 %, but three members made a reservation in favor of an increase. The market is now pricing in a high probability of a hike in september due to persistent inflationary pressures. For Sweden, the global turmoil meant that the market began to price future interest rate increases despite the Riksbank's previous signals of unchanged interest rates.
The European credit market experienced a seasonal slowdown in both primary and secondary market activity during July 2026. Despite lower volumes and rising borrowing costs, pricing remained stable, with European corporate bond spreads continuing to trade sideways despite volatility in government bond yields. Thin summer trading and limited supply in the primary market helped dampen volatility in credit spreads, but the funds were negatively impacted by price declines in underlying government bonds.
The Swedish market showed similar patterns with lower trading activity, but was also affected by specific macroeconomic signals. Secondary market activity in Sweden slowed as market participants went on holiday, further reducing trading volumes towards the end of the month.
Short-duration funds benefited during the month from their lower interest rate sensitivity. At the same time, investors continued to seek short-term strategies to manage interest rate risk, supported by stable inflows to the segment. The Nordic market, with its shorter duration, therefore passed the month ok.
Management
Managed the fund since
2021-11-29
Helena Frisk
Helena Frisk manages Swedbank Robur Corporate Bond Europe, Corporate Bond Europe IG and Corporate Bond Nordic. She has an education in finance and started at Swedbank Robur in 2016. Experience and education She has previously managed Swedbank Robur Företagsobligationsfond High Yield (2016–2020), Corporate Bond Europe Mix (2018–2020) and Räntefond Kort Plus (2017-2023). She has also worked as a trader in credits (2010–2016) and risk controller (2009–2010) at Swedbank Markets as well as a position as a fund analyst at Söderberg & Partners (2006–2009). Helena has an M.Sc. in Applied Mathematics in Analytical Finance and a B.Sc. in Economics from Mälardalen University (2003–2007). She has also studied Valuation and Corporate Finance through SSE Executive Education at Stockholm School of Economics (2015).
Managed the fund since
2021-11-29
Johan Forsblom
Johan Forsblom manages Swedbank Robur Corporate Bond Europe, Corporate Bond Europe IG and Corporate Bond Nordic. He has many years’ experience of the fixed-income and credit markets and joined Swedbank Robur in 2004. Experience and education He has previously managed Swedbank Robur Företagsobligationsfond High Yield (2016–2020), Corporate Bond Europe Mix (2018–2020) and Räntefond Kort Plus (2017-2023). He has also worked as a fixed income and currency trader (2009–2016), product developer (2007–2009) and operation coordinator (2004–2007) at Swedbank Robur. Prior to this he also worked as a financial advisor at Skandiabanken (2000–2002). Johan has an M.Sc. in Business Administration, major in Finance, and a B.Sc. in Economics from Stockholm University (2002–2004). He has also studied Valuation and Corporate Finance through SSE Executive Education at Stockholm School of Economics (2015).
Fixed-income team
The fixed-income team manages funds encompassing everything from traditional money market and bonds to global corporate bond funds within both Investment Grade and High Yield. This means you can find products with exposure across the entire interest-rate spectrum. The fund managers have comprehensive knowledge and extensive experience of the fixed-income and credit markets in both the Nordic and European regions. The team consists of twelve portfolio managers which are divided between fixed income management and credit management.
Fixed-income funds
Our actively managed fixed-income funds apply an investment strategy based on the fund managers’ projected interest rate trend compared with the market’s pricing. The corporate bond funds focus on the selection of companies, but the sector, regional and thematic analyses are also key components of the strategy. All our fixed-income funds possess a clear sustainability profile and our fixed-income fund management is the largest in the Nordic region in terms of investments in green bonds.
Industry
Updated: 31/07/2026
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Updated: 31/07/2026
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0.37 %
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2 / 7Sharpe ratio 2 y
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Summary
This financial product promotes environmental or social characteristics, but does not have a sustainable investment objective. However, the fund will have a minimum share of sustainable investments.
The fund analyses how the sustainable investments affect such things as emissions, water and biodiversity on an ongoing basis. The fund also ensures that the holdings do not seriously and systematically infringe on accepted international standards and conventions relating to sustainability as adopted by the UN, ILO and OECD or are otherwise involved in unacceptable operations relating to sustainability or corporate governance.
External suppliers will provide Swedbank Robur with an analysis of which companies can be associated with violations of international norms. Based on information from our suppliers and other available information, Swedbank Robur will make its own assessment on whether it is a question of a serious and systematic violation. If such a violation is deemed to occur, the company's securities are not a sustainable investment.
The fund promotes low emissions of carbon dioxide, a net zero target, sustainable bonds, bond financing of companies classified as a sustainable investment, an environmentally more sustainable approach by the activities of issuers through Environmental Engagement (E) and an increased social responsibility on the part of issuers through Social Engagement (S).
Sustainability and climate work constitute an integrated part of the investment strategy in order to manage sustainability and climate risks and to promote environmental and social characteristics. The fund is obligated to follow the Management Company’s "Policy for Responsible Investments" (adopted by the Board) and uses three overarching methods ("include", "exclude" and "engage") in order to achieve the environmental and social characteristics promoted by the fund. The fund follows the Management Company’s "Principles for Shareholder Engagement" (adopted by the Board). As an active owner, the aim of Swedbank Robur is that the companies we invest in are managed in an efficient and long-term sustainable manner.
There are plans for at least 70% of the fund's assets to consist of investments aligned with environmental or social characteristics, of which at least 40% will be sustainable investments.
The Management Company’s risk function monitors and checks that the environmental or social characteristics that the fund promotes are complied with. The risk function also performs a quarterly follow-up and analysis of the metrics the Management Company has selected to measure how the fund’s investments promote environmental or social characteristics.
In order to measure the attainment of the environmental and social characteristics that the fund promotes, the sustainability indicators weighted average carbon dioxide intensity, net zero target, sustainable bonds, share of bonds in sustainable companies, Environmental Engagement (E) and Social Engagement (S) are used.
Swedbank Robur uses several sources in its process to measure how funds promote environmental and social characteristics. Swedbank Robur purchases data from major data providers that have demonstrated a robust method for guaranteeing the quality of data. In order to guarantee the quality of the data purchased, the supplier's data and product range are reviewed. When there is an opportunity, test data is taken from several providers offering the same product in order to compare as large a selection as possible.
There are a number of limitations with the models and data being currently used. The main limitation is the number of asset allocations for which metric calculation methods exist. The coverage is generally good for the funds, where a mix between reported and estimated data is used. Furthermore, Swedbank Robur believes that the method used by the data provider for estimating data is reliable.
The Management Company has due diligence procedures in place in order to ensure that sustainability risks and the sustainability requirements established for the fund are taken into consideration in the investment decision. Sustainability analysis is an integrated part of the fund management’s investment process. In order to manage sustainability risks and integrate the risks in investment decisions, the fund management follows the procedures that the Management Company describes in the Management Company’s "Strategy to include" and "Strategy to exclude". The Management Company’s risk function performs a daily inspection to determine whether the fund’s holdings fulfil its sustainability requirements and regulations regarding exclusion.
The fund follows the Management Company's "Principles for Shareholder Engagement" (adopted by the Board). In the event of sustainability-related controversies in invested companies, Swedbank Robur has special procedures and processes to monitor and follow up with the company. Both dialogue work and voting are key tools to try to prevent and respond to sustainability-related controversies.