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Swedbank follows SEB with third-party fund offering

FöreningsSparbanken, internationally known as Swedbank, is set to follow SEB, another Swedish financial services firm, by offering a range of third-party funds from seven asset management companies.

The 24 funds on offer will come from Schroder Investment Management, Merrill Lynch Investment Managers, JP Morgan Fleming Asset Management, Fidelity Investments, Alliance Capital Management and Swedbank's Finnish fund arm Aktia. A host of funds from Fleming, which have not been integrated in the JP Morgan or Chase offerings following the merger, have also be included in the international line-up.

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