SEB Russia fund and SEB Eastern Europe Ex Russia fund merges with SEB Eastern Europe Small & Mid Cap fund
In order to improve investment opportunities we provide to our customers, on 25 June 2021 a merger of three SEB Eastern-European sub funds will begin – SEB Russia and SEB Eastern Europe ex Russia funds (the merging sub funds) will merge with SEB Eastern Europe Small and Mid Cap fund (the receiving fund). The merger will conclude on 2 July.
Customers who have invested in these funds do not have to take any additional actions, as Fund standing orders for SEB Russia and SEB Eastern Europe ex Russia funds will be automatically cancelled on 21 June, and the fund units of the merging sub fund will be transferred to the receiving sub fund on 2 July.
| SEB Fund 2 – SEB Russia Fund (merging sub fund) | SEB SICAV 1 – SEB Eastern Europe Ex Russia Fund (merging sub fund) | SEB SICAV 2 - SEB Eastern Europe Small & Mid Cap Fund (receiving sub fund) | |
|---|---|---|---|
|
Risk level SRRI scale |
6 | 6 | 6 |
|
Main categories of financial instruments |
Equities and equity related instruments | Equities and equity related instruments | Equities and equity related instruments |
|
Ongoing charges |
C(EUR)2.07% UC(EUR) 1.08% |
C(EUR)1.82% UC(EUR) 0.95% |
C(EUR) 1.81% UC(EUR) 0.94% |
|
Investment policy |
Invest mainly in companies listed or traded in Russia or companies that conduct a tangible part of their economic activity in Russia. | Investing in companies listed or traded on a regulated market, or companies that conduct a tangible part of their economic activity in Eastern European countries, excluding Russia. | Focuses on small and mid-sized companies in Eastern Europe including Russia and countries in the surrounding region, or companies which conduct tangible part of their economic activity in Eastern Europe. |
|
Share class |
C (EUR) LU0273119544 |
C (EUR) LU0070133888 |
C (EUR) LU0086828794 |
|
Share class |
UC (EUR) LU1822878143 |
UC (EUR) LU1808746744 |
UC (EUR) LU1822878572 |
As the SEB Eastern Europe Small and Mid Cap fund has a different investment policy, customers who do not agree with the merger can redeem their fund units:
- SEB Russia and SEB Eastern Europe ex Russia fund investors can redeem fund units by 22 June 2021 until 14.00 (Latvian time).
- SEB Eastern Europe Small and Mid Cap fund investors can redeem fund units by 1 July 2021 until 14.00 (Latvian time).
