SEB Fof joins PPM platform in Sweden

The Swedish Pensions Agency has announced that the Mobilis Aktiv fund of funds managed by SEB Investment Management is now available on its PPM platform.

The fund invests in equity and fixed income funds, as well as exchange traded funds, with a flexible mandate that seeks to beat the MSCI World Net Return index.

Risk adjusted return over three years is -0.3%, or less than the 0.4% gain by the benchmark over the period.

Over five years the fund has underperformed the index with a risk adjusted return of -0.5% compared to a return of 0.2%, according to figures from the Pensions Agency.

The portfolio is focused, with on average just 15 holdings. For investors selecting the fund through the PPM platform operated by the Pensions Agency, the management fee net of rebates is 1.16%.

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