General Information

The investment management company "SEB Wealth Management (SEB Funds)" was founded in 2000, and its only shareholder is the SEB banka of Latvia. The areas of "SEB Wealth Management " activities are

• the management of mutual funds,
• the management of individual investment portfolios,
• the management of Level 2 Pension assets,
• the management of the assets of the private pension fund "SEB atklātais pensiju fonds".

In February, 2001, the investment company "SEB Wealth Management" was licensed. In May of that year, it started managing the assets of the open-ended investment fund "SEB atklātais pensiju fonds".

In February, 2002, the first open-ended investment fund "Latu rezerves funds (LVR Reserve Fund)" of the "SEB Wealth Management" was registered, and began its activities. It was followed in August, 2002, by the first closed-end investment fund

"Nekustamā īpašuma fonds (Real Estate Fund)".

"SEB Wealth Management" was the first investment company to receive a licence for the management of the government-funded pension plan assets, in June, 2002. Likewise, in May, 2004, it was the first asset management company whose license was amended, authorizing it to manage individual pension plan assets. This includes not only the management of mutual funds, but also the authorized management of the investor's other financial instruments.