Latest fund news reveal that as of 02.01.2024 SEB Fund 1 - SEB Global Fund (“the sub-fund”) will undergo number of changes involving new management, a new name and a new benchmark index.
To reflect the new management of the sub-fund, the sub-fund will be renamed SEB Fund 1 – SEB Global Focus Fund, and it will have a considerably more focused portfolio than previously.
There are several ISINs that are going to be impacted by this change, however, as of now, our customer have holdings for this fund:
Name – SEB Global Fund – C USD
ISIN - LU0030158231
Important - unitholders who do not wish to remain invested in SEB Fund 1 – SEB Global Fund, may redeem units free of charge by 29 December 2023 (note that redemption can result in taxation).
Our clients that are unitholders are not required to act due to these changes, and the value of their units in the sub-fund will not be affected.
More information available at Changes in SEB Fund 1 – SEB Global Fund: new management, a new name, and a new benchmark index | SEB (sebgroup.lu)