Information on decisions about investments made in Russia so far by investment funds offered by SEB Life and Pension Baltic SE

The funds managed by SEB's global investment management organisation do not have significant investments in the Russian market. Taking into account Russia's invasion of Ukraine, SEB plans to reduce its investment to close to 0%. This decision also applies to savings services offered by SEB Life and Pension Baltic SE in Latvia.

From the funds currently available to customers in life insurance with savings in investment funds, direct investments in Russia are made within 3 funds: SEB Eastern Europe Small and Mid Cap Fund (from 35% to 40%), SEB Emerging Markets Fund (0.87%) SEB Global Exposure Fund (0.11%).

SEB has clearly emphasised its position and actions in the near future - as soon as market conditions allow, it is planned to reduce the share of investments in Russia to a minimum. This will be done responsibly and in a controlled manner to protect the interests of all customers. After the changes, investments in Russia will be very close to 0%. 

We will inform customers about how fast we will reduce our share in Russia. 

According to the current situation, there are no direct investments in the Russian market in 2nd and 3rd pension pillar plans. There are also no direct investments in Russia in life insurance with guaranteed savings.

If you have invested in the funds offered by SEB using the SEB Securities Account, find out more here.