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INVESTMENT NEWS - 11. August 2011 07:51

Notice to unitholders of SEB Fund 3 - SEB Ethical Global Index Fund

The Board of Directors of SEB Asset Management S.A., acting as Management Company of SEB Fund 3 – SEB Ethical Global Index Fund (hereafter the “Fund”), informs the unitholders of the following change. As of 12 September 2011, the following amendment will become effective.

Change of Index

The Board of Directors of SEB Asset Management S.A., acting as Management Company of SEB Fund 3 – SEB Ethical Global Index Fund (hereafter the “Fund”), informs the unitholders of the following change. As of 12 September 2011, the following amendment will become effective.

Change of Index

In order to be more in line with its investment policy the Fund will change its index from Dow Jones Sustainability World Total Return Index and will instead seek to follow the performance of the Socially Responsible Index of MSCI All Country World Net Return Index, a custom index calculated by MSCI based on Global Ethical Standard’s (GES) ethical security screening on MSCI All Country World Net Return Index. The screening is based on international norms on human rights, labour, environment, bribery, corruption and weaponry. The screening also excludes companies generating more than 5 percent of their total revenue from weapons, tobacco, alcohol, gambling and pornography.

The change of index will allow the Fund to invest in a broader part of the world with a larger and for a global fund a more representative geographic allocation also towards the countries outside of Europe.

All other specifics of the Fund remain unchanged.

The prospectus of SEB Fund 3, dated September 2011, including the above changes will be available on the website of the Management Company www.sebgroup.lu and on the website of SEB Varahaldus www.seb.ee/fondid.

During one month following the present publication, investors who do not agree with the suggested change, may request redemption of their units, or switch their units to any other fund of the SEB Group without any expense.

For futher information please contact us by phone on 665 5723 or by e-mail at .
 

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