Changes in SEB Fund 1 – SEB Asset Selection Fund, SEB Fund 1 – SEB Nordic Future Opportunity Fund, and the SEB Fund 1 umbrella
Changes to SEB Fund 1 – SEB Asset Selection Fund
- Total Return Swaps (TRS): In order to increase the operational and cost efficiency of the sub-fund, total return swaps will be introduced.
- New risk categories added: As a result of the inclusion of TRS we have also included “Legal risk” and "Custody risk” to the risk profile of the sub-fund.
- Decreasing the sub-fund’s expected average gross leverage: The sub-fund’s expected average gross leverage will decrease from 1000% to 800%.
- Change in trading cycle: Net asset value (NAV) for orders placed before the cut-off time on a banking day will be based on the NAV for the close of that business day and then calculated the following banking day.
Changes to SEB Fund 1 – SEB Nordic Future Opportunity Fund
Performance fee crystallisation on net redemptions: The performance fee model for this sub-fund has been amended to not only crystallise yearly but also in due proportions when net redemptions occur.
Changes that will apply to all sub-funds in SEB Fund 1
As of 1 January 2023, most funds are required to have a specific Annex inserted into each prospectus detailing the sustainability characteristics applicable to each fund or sub-fund. The Annex was updated in February, and consequently, an update is required for each sub-fund’s Annex in SEB Fund 1. Minor editorial amendments have also been made to each Annex, but none that would have any material impact on any sustainability characteristics.
Click on the links below for complete information in English and Swedish.
English: sebgroup.lu
Swedish: seb.se