Oyster funds registered in Sweden

Some 12 Oyster funds from Swiss banking group Syz & Co have been registered for sale in Sweden, which the manager says offers ample opportunity for its fund range.

The manager cites the broad savings culture, in which some three-quarters of Swedes invest in investment funds, along with a strong stock market culture as suggesting the Oyster fund range will be appealing to local investors.

The Oyster fund range is already registered in 10 European markets.

The 12 funds being made available include:

European Opportunities

European Selection

Japan Opportunities

US Value

US Selection

Emerging Opportunities

Global High Dividend

Market Neutral

Credit Opportunities

Global High Yield

Global Convertibles

European Corporate Bonds.

Sweden’s fund market has some €270bn equivalent invested. Equity funds account for some 55% of total investments outstanding in the country, against an average across Europe of some 36%, Oyster said.

Oyster will market its funds to a range of investors, including institutional investors, such as pension funds or life insurance companies, and professional intermediaries, such as banks, asset management companies and distribution platforms and networks.

“The Swedish funds market is very sophisticated and keen on high-added-value products. Hence there is a real demand for products such as Oyster funds, which stand out thanks to an active management style, asymmetric returns and a strong reputation,” said Xavier Guillon, CEO of the Oyster Funds division.


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