In its latest update for investors via SEB Trygg Liv into SEB's Aktiv range of funds, the Swedish provider's figures suggest that two of five funds have underperformed their benchmarks as a result of the challenge of managing risk associated with Europe's financial crisis.
In its latest update for investors via SEB Trygg Liv into SEB’s Aktiv range of funds, the Swedish provider’s figures suggest that two of five funds have underperformed their benchmarks as a result of the challenge of managing risk associated with Europe’s financial crisis.
The fund manger decided to reduce risk, in particular by cutting exposure to Swedish holdings. Measured in SEK, the domestic market was one of the weakest over the period, SEB wrote in its latest note.
The stronger performing portfolios were more globally exposed, particularly during the second quarter of 2012, SEB writes. However, they still underperformed their respective benchmarks.
“The financial crisis in Europe is far from solved, and the uncertainty that this brings will from time to time shake the markets. When the economic and political situation becomes clearer, then we will increase our exposure to riskier assets, but still maintain diversification and balance,” SEB wrote.
|Performance to 29 June, 2012 in % (performance v. benchmark)|
|Aktiv fondportfölj 30||+2.12 (+0,31)|
|Aktiv fondportfölj 50||+3.30 (+0.77)|
|Aktiv fondportfölj 70||+4.31 (+1.10)|
|Aktiv fondportfölj 100||+4.09 (-0.06)|
|Aktiv fondportfölj 100 Global||+4.62 (-0.30)|