SEB US Exposure fund merges with SEB Fund 3 – SEB US Exposure fund
In order to improve investment opportunities we provide to our customers, on December 3, 2021, a merger of two SEB US Exposure sub funds will begin – SEB US Exposure fund (the merging sub fund) will merge with SEB Fund 3 – SEB US Exposure fund (the receiving fund). The merger will conclude on December 10.
Customers who have invested in these funds do not have to take any additional actions, as Fund standing orders for SEB US Exposure fund will be automatically moved, and the fund units of the merging sub fund will be converted into the receiving sub fund on December 10.
SEB Fund 3 – US Exposure fund continues to follow the same investment objective and strategy of SEB US Exposure sub fund. The merger will not have any foreseeable impact on your investment in the receiving sub fund. However, if you do not agree with the merger, you can redeem fund units by December 2, 2021, until 14.00 (Latvian time).