Fund management rating institute Standard & Poor’s has awarded SEB’s Asset Selection fund an AA-rating. This places the fund amongst the top-rated UCITS-funds using an absolute return strategy globally. The rating is testament to the long-term high return, the active risk control and the stability and competence in SEB’s global Quant Team, which is managing the fund.
Asset Selection is managed in compliance with the European Union’s UCITS (Undertakings for Collective Investment in Transferable Securities) directive. With approximately 2 billion dollars under management Asset Selection is among the 10 largest and most innovative UCITS-funds with an absolute return strategy.
The fund has gained popularity in all client segments including; pension funds, insurance companies, fund in fund managers, family-offices, private banks, financial counselors as well as individual savers. Standard & Poor’s states that the fund has returned 32 per cent the latest three years, compared to the risk-free index that has returned 9.7 per cent the same period.
“Our target is to offer a fund that offers long term increased returns and reduces risk in the clients total asset portfolio. We look forward to building on our current successes and are confident that the fund will continue to warrant the top, AA rating by Standard & Poor’s,” says Hans-Olov Bornemann, Manager for Asset Selection and responsible for SEB’s Global Quant Team.
SEB Asset Selection was founded in October 2006 and has become the fastest growing fund in SEB’s 150 year history. By taking long positions (for return) or short positions (for decline) in four liquid asset classes; equities, fixed income, currencies and commodities, the fund generates return to the clients due to up going respective down going market trends. The active risk control insures that declines in the fund are kept limited.
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