Aktie-Ansvar is shopping for structured products in which to invest. The Stockholm, Sweden, fund manager is preparing to launch a fund in March that will invest in a broad range of capital-protected instruments. The fund company is part of the larger Swedish financial services firm, Invik Group, and has over SEK14 billion (USD1.99 billion) under management.
Mattias Bjork, cfo of Aktie-Ansvar, said the fund will have a broad remit to invest in capital-protected structures across asset classes ranging from currencies to equities. The manager is launching the fund because of the growth in demand for structured investments in Sweden. "Retail structured products have become a really interesting instrument in Sweden," he noted. The value of investing in a fund of structured products rather than investing directly in the structure is that Aktie-Ansvar will be able to buy in at better prices. "We can act like an institution and press down the cost of the instrument," explained Bjork.
Details of the fund's size and investment criteria are still to be decided, said portfolio manager Stefan Carlenius. He noted the fund will be looking to buy both off-the-shelf structured products and options with which to make capital-protected products. The fund will publish a monthly net-asset value so investors will be able to hold shares in the fund for a length of time they choose, rather than having to lock up capital for three to five years as they would if investing directly in a structured note.