Due to high foreign exchange fluctuations of SEK and GBP currencies and in the interest of protecting our shareholders from this FX exposure, we are planning to close the SEK Class A to any new investors and urge existing investors to move from SEK Class A to EUR Class A.
Furthermore we are looking to change the Fund´s functional currency to EUR and re-negotiate existing asset contracts from GBP to EUR. With assets and functional currency in EUR as well as the main share class in EUR the foreign exchange rate exposure for the fund going forward is very limited.
Letters to SEK Class A shareholders have been sent out on Feb 18th.
SEK Class D remains unaffected by the above changes.