Swedish consultant Söderberg & Partners' lastest annual Traffic Light report into the state of the local fund market has picked out four companies for their performance in providing funds, access to sustainable investments, and provision of both traditional life and unit linked-type offerings for long term savers and investors.
The report is built on analysis of some 4,300 funds, split into 89 categories depending on strategy and mandates.
This year, the report identified SPP Fonder as the Fund Company of the Year (Årets Fondbolag) on the basis that the company has a large number of funds that achieve a 'green' ranking according to the methodology, and that "a number of these funds have been selected as Top Picks through the year."
"SPP also pays good heed to sustainability in its investment decisions and a large share of the company's funds have been awarded a green sustainability grade."
Åsa Wallenberg, CEO SPP Fonder, said: "All confirmation that indicates that we are on the right path is good to receive, but it is perhaps extra pleasing to become the Fund Company of the Year. That Söderberg & Partners highlights particularly the combination of sustainable investment decisions and competitive funds clearly indicates that we have a winning strategy."
In the unit linked insurance space (fondförsäkring) the report analysed AMF, Avanza, Brummer, Danica, Folksam, Handelsbanken, Länsförsäkringar, Movestic, Nordea, Nordnet, SEB, Skandia, SPP and Swedbank. It judged these companies according to five criteria: cost, offering, fund selection, sustainability and terms of payment to policyholders.
From these critiera, the winner of the category was Länsförsäkringar.
The other historically important insurance based long term savings market is categorised by Söderberg & Partners as 'traditional life insurance' (traditionella livförsäkringar).
Here, the consultant reviewed Swedish life offices that offer savings with guaranteed interest, and where the savers constitute a collective. Biggest among these are Skandia, Folksam, SEB Gamla Liv and KPA, which respectively oversaw related assets of SEK445bn, SEK183bn, SEK175bn and SEK172bn as of the end of 2018.
The winner of this category was Skandia, which the consultant said had delivered a good return on its assets despite challenging market conditions in 2018. It has also been awarded for its green credentials, financial strength and diversified portfolio.
In its category looking at stustainability as delivered by companies offering pension solutions, Söderberg & Partners awarded SEB, which it said is helping the generic pension saver to achieve a concrete understanding of what sustainability means. In 2018, SEB investigated which of the sustainability objectives in Agenda 2030 its customers were particularly interested in, and encourage businesses to take increased responsibility for matters that are most important for Swedish long term savers, the consultant said in its citation.
Top 10 sustainable funds identified in the Traffic Light report
- SEB Green Bond Fund
- SPP Grön Obligationsfond
- AXAWF Planet Bonds
- AXAWF MiX in Perspectives
- AXAWF Fram Human Capital
- AXAWF Fram Eurozone
- SEB Hållbarhetsfond Sverige
- Nordea 1 - Nordic Stars Equity
- Nordea Klimatfond
- Nordea 1 - Emerging Stars Equity
To read the full report click here: https://www.soderbergpartners.se/trafikljusrapporten/