SWEDEN - Skandinaviska Enskilda Banken has made a global socially responsible investing (SRI) tie up with Scottish Widows Investment Partnership.
Asset manager SWIP said that the Swedish bank has selected its Global SRI Fund for its range of externally managed funds.
“This is the latest in a series of recent institutional wins and represents a breakthrough for SWIP in Sweden, securing the accessibility of our product for a broader investor base.”
SWIP added that the fund was launched in response to demand from the Nordic market and to meet the needs of foundation investors. It would be screened according to global ethical standard guidelines.
"Our role is to provide SEB's portfolio managers and advisors with ‘the best of the best’ of externally managed mutual funds in order to be able to offer our clients a top quality service,” said SEB’s external funds head Bengt Bergholtz. “The fact that the fund pays a dividend makes it particularly attractive to our foundation clients".
"SWIP's fast growing European business is being driven by our SRI offering, capitalising on our global focus, and strong research base,” said Christopher Walker, head of SWIP’s institutional division. “SWIP is fast becoming a powerful force in Sweden.”
SWIP has 73 billion pounds in funds under management.