The sub fund’s assets under management have decreased steadily since 2017. By the time of this notice, the assets under management have decreased by 40% since their peak. The decrease has been driven by weak performance and, as a consequence, continued outflows.
In this situation, the Board of Directors of the sub fund considers that liquidation is in the best interest of the shareholders of the sub fund.
The Board of Directors of the sub fund has decided to suspend the possibility to:
- Subscribe in or convert into the shares of the sub fund as of cut off time on 18 December 2020
Redeem or convert out of shares of the sub fund as of cut off time on 11 January 2021
The liquidation proceeds will be distributed to investors as soon as possible after the completion of the liquidation.
- Any expenses related to the sub fund’s liquidation will be borne by the management company, SEB Investment Management AB.
All the share classes will be liquidated/Alle Anteilsklassen werden liquidiert: