DNB, Nordnet and Swedbank Robur funds must change names, rules Ethical Committee for Fund Marketing

Jonathan Boyd
clock • 1 min read

Sweden's Ethical Committee for Fund Marketing (ENF) has ruled that use of expressions such as "Absolute Return", "ECO", "Superfonden" and "Kapitaltrygg" are misleading in regards to three funds marketed locally, and has ordered that their names be changed. The ruling comes after a complaint was lodged by the Swedish Consumer Agency (Konsumentverket) to ENF, in regards to DNB ECO Absolute Return (marketed by DNB Bank ASA's Swedish affiliate), Nordnet Superfonden Sverige (marketed by E. Öhman J:or Fonder AB) and Swedbank Robur Kapitaltrygg (marketed by Swedbank Robur Fonder AB). In its ...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.