Where are the Assets of the Fund Kept and Who Controls the Activities of the Mutual Fund?

The Holding bank plays a large role in the operations of the fund, because it is a guarantor of trust in the relationship between the investors and the managing company. For the company "SEB Wealth Management" it is SEB banka. The main functions of the holding bank are:

• to safeguard the assets of the mutual fund
• to carry out transactions with the fund's assets in accordance with the instructions of the managing company,
• to follow transactions with mutual fund shares to verify the calculations of the mutual fund valuation,
• to ensure that investments are made only in items defined by the prospectus and by the law,
• to ensure that the degree of risk does not exceed that which is defined by the prospectus and by the law.
• to oversee that payments are made properly for the transactions made with the assets of the mutual fund.