Investment universe
The fund invests in equities and equity securities in different industries and regions worldwide. The broad investment mandate means that the risk is spread over many markets. The fund invests primarily in developed markets. The fund has relatively high level of active risk (tracking error) which means that the performance of the fund may deviate significantly compared to the return of the fund’s benchmark. Derivatives may be used to achieve investment objectives and facilitate fund management.
Research
The team uses a rule-based investment process based on evaluating the quality, profitability, valuation, sentiment, and risk profiles of individual companies which are potential investment objects. These factors form the basis for an objective ranking that identifies attractive companies. The team’s rule-based approach makes it possible to include all the companies in the investment universe in the evaluation process.
Portfolio construction
The portfolio is built from a bottom-up perspective. In constructing the portfolio, the team focuses on selecting the holdings that will result in the intended active exposure and risk profile for the portfolio. The investment team also aims to maintain diversification, efficient execution and cost-effective implementation. The team aims to create a portfolio with lower absolute risk than the fund’s benchmark without forgoing the anticipated yield.
Investment team
The fund is managed by the Global Equities team (QPM) within SEB Investment Management AB. The team, based in Stockholm, employs a rule-based systematic and disciplined investment process.