SEB puts out two new corporate bond funds
SWEDEN – SEB Investments has launched two new corporate bond funds, SEB Lux Bond Fund – Corporate Bonds Euro and the SEB Lux Bond Fund – Corporate Bonds – SEK.
The new funds will be invested 50% in the US and 50% in Europe.
Investments will be made in companies with high credit ratings and where, historically, returns have been favourable in terms of low risk exposure.
SEB has also entered into a sub-advisory agreement with US investment management company, Wellington Management, to help find the “best” investment alternative to traditional European government and mortgage bond markets.
In addition, the firm has appointed per Anders Fasth as head of group investor relations, moving up from his current position at SEB of head of the chief executive office. Fasth has been with SEB since 1995.
He will replace Lotta Treschow who will become senior advisor to the group’s IT area before retiring next spring.