Lannebo launches ISK access to own funds

Lannebo Fonder, the Swedish boutique with some SEK70bn (€6.8bn) of AUM, has launched its investeringssparkonto (ISK)  for local investors who wish to save directly into its funds within a tax efficient wrapper.

The ISK regime in Sweden works similarly to, for example, the ISA regime in the UK, in that account holders can invest in funds without having to make an annual tax declaration including full details of all transactions. In the case of the ISK, as long as the fund holdings are kept within the account, the investor needs only pay a flat tax annually, with the rate set by fiscal authorities. For 2018, the rate has been set at 0.45%, which means an investor would pay tax of SEK450 (€44) on a SEK100,000 (€9,693) investment.

Until 2018, the regime meant that fund providers were not themselves able to offer ISK accounts directly to investors. This has changed, and Lannebo has announced that all its funds are now accessible through this type of account. The precise funds and share classes available include:

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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