SPP merges funds on PPM platform in Sweden
SPP has announced it is merging the Aktiefond Sverige Aktiv with the Aktiefond Sverige by 21 March, which will affect investors using the PPM platform in Sweden
The provider notes that investors in Aktiefond Sverige Aktiv have until 13 March to decide if they want their shares to be transfered into the other fund, or must decide to change funds altogether.
The two products are similar, SPP said, although they are currently in different sectors – Sweden equity, and Sweden index equity – but that expose investors to similar levels fo risk. The charges for the Aktiv fund are 0.23%, and 0.16% for the Aktiefond.
A notice has been sent via the Swedish Pensions Agency, which operates the PPM platform for fund self selection under a parliamentary mandate.