Avanza Sverige is an index-tracking fund that tracks the Morningstar Sweden Sustainability Select 70, an index that Avanza developed together with Morningstar. The index consists of up to 70 companies. Companies with low sustainability risks are given preference, at the same time that those with strong ties to controversial sectors are excluded. ESG Risk Rating scores from Sustainalytics are used to evaluate the sustainability risks of individual companies.
Morningstar Sweden Sustainability Select 70 is not a market-weighted index. This means that Avanza Sverige, compared to many other Sweden index funds, will have a higher exposure to small and medium-sized companies. Avanza Sverige is only available on Avanza’s platform and the fund’s total fee is estimated at 0.17%, including transaction costs.
“When we developed Avanza Sverige, we started with how we ourselves would want to invest our money. We also saw a gap we wanted to fill between existing Swedish small cap funds and the Sweden index funds on the market. We felt that a sustainable, low-price fund with broad exposure was lacking,” says Jesper Bonnivier, CEO of Avanza Fonder.
“Avanza Sverige now gives our customers an easier way to access small and medium-sized companies with a low sustainability risk. A total estimated fee of only 0.17% also makes it the cheapest Sweden fund on Avanza’s platform, after our narrower Sweden fund, Avanza Zero,” says Rikard Josefson, CEO of Avanza.
Past performance is no guarantee of future results. Investments in securities may both increase and decrease in value and there is no guarantee that you will get back your original investment.
For further information please contact:
Rikard Josefson, CEO
+46 70 206 69 55
E-mail: rikard.josefson@avanza.se
Avanza is a digital platform for savings and investments founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s customer promise is a better return on your savings than with any other bank or pension provider in Sweden. Services include saving in shares, funds, savings accounts, mortgages and a strong pension offering. Avanza has over 1.5 million customers with over SEK 700 billion in total savings capital. This is equivalent to 6.5 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange including First North. For the last eleven years, Avanza has won the Swedish Quality Index (SKI) award for “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir
