You as an investor do not have to act due to these changes, but you should be familiar with them. If you do not wish to remain invested in the Sub-Fund(s), you may redeem your units free of charge by 1 October 2022.
SEB Fund 3 ̶ SEB Technology Fund
Insourcing of the portfolio management of SEB Fund 3 – SEB Technology Fund
SEB Investment Management AB has built up an experienced Tech team in-house and has therefore decided to in-source the portfolio management of SEB Fund 3 ̶ SEB Technology Fund to secure efficient portfolio management. A lead portfolio manager, with a proven track record of investing in technology companies, has been recruited. In total, the team is comprised of three well-experienced portfolio managers. The investments will be based on fundamental analysis with the aim to find the best combination of value, growth, momentum and quality. The investment objective and policy of the Sub-Fund will remain the same, but the new portfolio manager will make some shifts in the allocation of the portfolio, which might lead to transaction costs for the Sub-Fund.
Change of benchmark from “MSCI AC World information Technology Net Return Index” to “MSCI ACWI Information Technology and Communication Services Index”
The index will be changed to the MSCI ACWI Information Technology and Communication Services Index, while we are also clarifying the wording on how the fund is managed in relation to the index.
SEB Fund 3 – SEB Pension Fund
Corrected an error in the prospectus displaying the wrong currency for the unit class ZC(PH-EUR).
Updated product documentation for the sub-funds, including the prospectus, is available as of 1 October 2022 on www.sebgroup.lu and from our registered office.
Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. The SEB Fund 3 - SEB Technology Fund is classified as a higher risk fund and may, due to its composition and management methods, fall or rise sharply in value. Key investor information documents and prospectuses are available on www.sebgroup.lu/funds.
SEB Investment Management AB, Luxembourg branch