SEB launches first PPM 'option' fund
SWEDEN – The first option fund under the Swedish Premium Pension Authority (PPM) scheme has been launched by financial group SEB.
The new Luxembourg registered fund, Opportunity Europe, will mainly handle exchange-listed warrants in European companies but will also trade in shares.
“Many customers have inquired about a warrants fund in the PPM scheme and now they have an opportunity to select one,” says Jan Plamberg, head of mutual funds at SEB Invest & Funds.
The fund’s manager, Jonas Romlin, says: “Opportunity Europe suits people who choose to invest part of their resources in a fund with a European focus, and who are prepared to take a greater risk.”