SEB adds 10 new funds to its range of external funds

SEB adds 10 new funds to its range of external funds SEB now offers 20 externally managed funds and SEK 1 billion in net asset value Starting today, SEB can offer investors ten additional funds from external fund managers. This represents a 100 per cent increase since 4 December last year, when SEB first started selling ten funds from managers outside the bank's own range. As of 2 May 2001, SEB is selling four funds from Goldman Sachs, two from Fleming and three from Fidelity (that makes nine, maybe one from Mercury?). To meet the major demand for external fund products, SEB has decided to double its customers' opportunities to invest in funds other than the bank's own. The new funds that will start to be sold today are Fleming China, Fleming Pacific, Mercury Global Equity, Goldman Sachs Global Equity, Goldman Sachs Global Consumer Growth Portfolio, Goldman Sachs Global Financial Services, Global Sachs Global High-Yield Portfolio - Euro Hedged Share Class, Fidelity European Smaller Companies Fund, Fidelity International Fund and Fidelity European Growth. "Our customers have expressed interest in external fund products for some time. That is why SEB decided to initiate this type of operation at the end of last year. External fund business has developed favourably in a very short time, with many new customers and a substantial net asset value. Now SEB External Funds is doubling its range in order to meet customer demands for a greater range of external products," says Bengt Bergholtz, Head of SEB External Funds. The price for managing the funds varies between 1.0 and 1.75 per cent. In the past, SEB has sold external funds from Merrill Lynch, Pictet, Schroder, Fidelity, ACM and Barings. SEB is a European financial group especially for corporations and financially active private individuals. SEB has 630 branch offices in Sweden, Germany and the Baltic States, with 4 million customers in total. Of these, 850,000 are Internet customers. SEB also has operations in the rest of the Nordic countries, Great Britain, Luxembourg and Switzerland. The balance sheet total is SEK 1,123 billion and assets under management amount to SEK 910 billion. The number of employees amount to 21,500. Read more about SEB: www.seb.net For further information, please contact: Bengt Bergholtz, Head of SEB External Funds, tel. +46 8 676 91 81 Boo Ehlin, Corporate Press Manager, tel. +46 8 763 85 77, +46 70 763 85 77 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/07/20010504BIT01370/bit0002.doc http://www.bit.se/bitonline/2001/05/07/20010504BIT01370/bit0002.pdf