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Invik Funds introduces Sweden’s first fund for structured products


Aktie-Ansvar, the fund company within the Invik Group, has received approval from the Swedish Financial Supervisory Authority to introduce a new fund in Sweden named Peritus. The fund will actively manage capital protected structured products and is planned to be launched on March 1, 2007.
Peritus, the new fund, will be managed by Aktie-Ansvar in cooperation with Garantum Fondkommission. The fund’s placement philosophy is active manage­ment of structured products by continuous replacements and profit securements. The administration fee is a 1 per cent fixed fee as well as a 20 per cent performance fee on the excess return compared with Swedish bond index.

Aktie-Ansvar’s combined fund assets amounted to slightly more than SEK 14 billion at the year end, which is close to a doubling during the year. In October 2006 the new fund Graal Offensiv was launched which at the year end had a volume of funds under management of SEK 970 million.

“It feels good to be the first on the Swedish market to introduce a fund actively managing capital protected structured products. The market’s interest for direct investments in capital protected products is quite extensive and we believe that a fund working with these products will attract the investor’s interest and demand”, says Stefan Carlenius, MD of Aktie-Ansvar and responsible fund manager.

Invik is a finance group with a broad product profile focusing on insurance, banking and fund management. Invik is active in a number of carefully selected segments in which the Group can create high growth and build long-term, successful companies, while consistently focusing on profitability. Group companies are dis­tinguished by their constant efforts to seek new avenues for growth in profitable niches in the financial sector.

Invik is made up of five major financial operations: Modern Insurances Non-life, with its direct insurance operations focusing on individuals and small companies; Modern Insurances Life, which offers life, pension and endowment insurances; Assuransinvest manages the remaining run-off portfolio; Banque Invik, a private bank based in Luxembourg with operations in asset management, card operations and corporate services and Invik Funds, which pursues fund operations in Aktie-Ansvar and Modern Funds. Invik is listed on the Stockholm Stock Exchange Mid Cap under the name INVKB.


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