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SEB Investment Management's AUM drops as corona bites

Assets under management fulfilling SEB’s sustainability criteria now make up 37 percent of the AUM of SEB's mutual funds.

Photo: Chris Helgren/Reuters/Ritzau Scanpix

SEB Investment Management's mutual funds dropped to EUR 52.4 billion (SEK 562 billion) during Q1 2020 compared to EUR 63.9 billion (SEK 685 billion) in Q4 2019. The quarter started on a positive note, but following the covid-19 market turmoil towards the middle of the quarter, asset values decreased sharply, the firm writes in its quarterly report.

Assets under management fulfilling SEB’s sustainability criteria amounted to EUR 19.3 billion (SEK 207 billon) representing 37 percent of the total AUM of SEB-labelled mutual funds.

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