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Fact Sheet (KIID)
Johan Andreasson manages the Swedbank Robur Access Edge and Access funds. He is a certified financial analyst and joined Swedbank Robur in 2005. Experience and education He has managed index-linked funds and portfolios since 2011. He has also previously worked as a risk manager at Swedbank Robur (2005–2011). Johan is a certified financial analyst and has an M.Sc. in Economics from Växjö University (2001–2005).
Linnea Zanetti manages the Swedbank Robur Access Edge and Access funds. She has an M.Sc. Economics and Business and joined Swedbank Robur in 2011. Experience and education Linnea has worked as a fund manager since 2013. She has previous experience with shareholding disclosure at Swedbank Robur (2011–2013). Previously she worked at equities operations (2009–2011) and as an account manager (2008–2009) at SEB. Linnea has an M.Sc. in Business & Economics from Uppsala University (2003–2008).
The quant team manages the Access and Access Edge index-linked funds, with exposure to various regions and markets, as well as the Transfer generation funds, and the pension funds: Aktiefond Pension and Mixfond Pension. The team also manages the Global Impact fund. The fund managers work closely together to discuss investments and exchange ideas. They also work closely with Swedbank Robur’s sustainability and compliance team to ensure that the companies that the funds invest in meet our sustainability requirements. The team consists of eight portfolio managers who all have extensive experience in quant- and index-based asset management. Together they have assets under management of almost SEK 500 billion allocated across various funds.
Our index-linked funds adopt an investment strategy based on creating a portfolio with a high ESG profile while, as far as possible, its characteristics mirror its benchmark index. The funds apply a quantitative asset management approach that entails the use of mathematical models for analysis and selection of equities. The advantage of quantitative asset management is that it enables fund managers to apply a systematic approach to processing vast quantities of data. Sustainability is incorporated in the selection process, for example, through models that prioritise companies whose operations, in various ways, benefit the transition to renewable energy.
Fundfacts & Fees
The Disclosure Regulation means that new requirements will be imposed on the disclosure of sustainability-related information. The purpose of the Regulation is to (1) harmonize requirements for sustainability-related information within the EU 2) increase transparency and clarity regarding sustainability-related information 3) increase the attractiveness of sustainable investments.
The fund´s sustainability work
Transparency regarding the integration of sustainability risks, the promotion of environmental or social characteristics, and sustainable investments.
The fund promotes, among other characteristics, environmental or social characteristics
To identify the greatest sustainability risks in the fund, a structured process is carried out taking quantitative environmental, social and corporate governance (ESG) data into account. The objectives of the fund’s ESG strategy are regularly monitored to ensure that the fund can once again be steered towards its objective in the event of deviations.
The fund limits sustainability risks by excluding certain types of companies, which are the companies with the weakest ESG scores, companies with controversial operations and companies that breach international standards and conventions. To reduce exposure to climate-related risks, the fund also excludes companies that derive their revenue from fossil fuels, according to pre-defined and communicated criteria.
The companies owned by the fund are reviewed annually to identify the companies with the greatest sustainability risks. The identified companies are then added to the documentation used to prioritise future ESG engagement processes.
Sustainability risks could affect the financial return of the fund if they materialise at several different levels. Weak governance and control structures may, for example, lead to irregularities that could have an adverse impact on the company’s share price. Material exposures to both transition and physical risks of climate change may pose a vulnerability should the risks materialise and lower the value of the fund’s underlying assets. The integration of sustainability risks into investment-decision processes is critical to achieving high and sustainable long-term returns.
Environmental, social and corporate governance (ESG) characteristics that are promoted by the fund’s management, or included in the fund’s objective
Practice for good governance
Other sustainable related characteristics
What environmental or social characteristics are promoted by the product?
The fund promotes environmental and social characteristics by including companies based on the ESG factors described below and excluding investments in the activities described below.
The fund uses quantitative ESG key performance indicators (KPIs) to select companies, comprising a weighted ESG score and a pre-defined climate strategy. This means that the ESG performance of each individual company, their greenhouse gas (GHG) emissions and contributions to achieving the UN Sustainable Development Goals are taken into account. In addition, the fund is focused on continuously reducing its carbon footprint, investing in climate-positive activities rather than fossil-fuel users and producers, and systematically rewarding companies that are actively striving to reduce climate-related risks and have a science-based target for reducing their GHG emissions.
The fund excludes holdings with high sustainability risk scores and that provide products and services the fund management company considers harmful to society and the environment, according to the information below under “The fund excludes.” In addition, the fund avoids investments in companies that the fund managers have identified with the worst ESG performance in each sector.
How the fund intends to promote environmental or social characteristics is described under “Methods used to integrate sustainability risks, promote environmental or social characteristics, or achieve a sustainable investment objective.”
The fund uses the following index as a reference benchmark
No index has been chosen as a reference benchmark
The financial return of the fund is compared with the chosen market index. The chosen index does not fully reflect the environmental and social characteristics promoted by the fund and is therefore not used as a reference benchmark for assessing the fund’s environmental and social characteristics.
Methods used to integrate sustainability risks, promote environmental or social characteristics, or achieve a sustainable investment objective
The fund selects
What investment strategy does the fund follow to promote its environmental or social characteristics?
Sustainability and climate-related risk assessment is integrated into the fund’s investment-decision process. The composition of the fund is based on quantitative ESG KPIs.
The fund’s strategy for promoting environmental and social characteristics is to measure the fund’s performance using KPIs linked to ESG factors. These include a weighted ESG score and a pre-defined climate strategy. The ESG score takes into account the ESG performance of each individual company, their GHG emissions and contributions to achieving the UN Sustainable Development Goals.
The climate strategy follows the guidelines for Climate Paris Aligned Indexes, based on the EU Paris-Aligned Benchmark. These guidelines include disclosure requirements on the fund’s carbon footprint reduction (both starting point and continuous reductions), on investments in climate-positive activities rather than fossil-fuel users and producers, and on systematically rewarding companies that are actively striving to reduce climate-related risks and have a science-based target for reducing their GHG emissions.
A pre-determined portion of the fund’s investments are invested specifically in companies that are making various contributions to limiting climate change.
The fund is passively managed using a quantitative management approach. The aim of this strategy is to create a portfolio with a high ESG profile, while the composition and structure of the fund exhibits similar characteristics to its index
The fund excludes
The fund does not invest in companies involved in the following products and services. A maximum of five per cent of the turnover of the company in which the placement takes place may relate to activities relating to the specified product or service.
Products and services
Under this heading, a fund which does not take sustainability aspects into account may also indicate which products and services are not included in the fund as a result of the fund's investment policy.
Cluster bombs, anti-personnel mines
Chemical and biological weapons
Weapons and/or armaments
Tobacco & Cannabis
Fund company comments: The fund also refrains from making investments in companies whose turnover exceeds 5% from cannabis.
Commercial gambling activities
Fossil fuels (oil, gas, coal)
Fund company comments: The fund excludes companies with mining or refining activities linked to fossil fuels (coal, oil and gas) or transport from coal and oil. The fund takes a restrictive approach to the transport of gas and services associated with fossil fuels. The fund also takes a restrictive approach with regard to companies involved in power generation or network operations that make use of fossil fuels. Read more about our definitions, criteria and the possibility to invest in conversion companies in Swedbank Robur's Strategy to opt out.
The fund does not invest in companies that violate international standards. The assessment is made either by the fund manager itself or by a subcontractor.
Fund company comments: The fund invests in equities and other equityrelated negotiable securities issued by companies which respect the principles in international norms for human rights and the environment. (Among other things, this involves companies acting to promote good working conditions, good work environments, union rights and to reject discrimination and child labour. In addition, companies must carry out environmentally acceptable environmental work for their industry and work with their environmental risks and opportunities.)
The fund does not invest in companies that do not take steps to address identified problems or where the fund considers that the companies will not address the problems for a period that the Fund Manager deems reasonable in the individual case.This option concerns funds that develop an action plan for contested companies, which are excluded if specified conditions are not met during the prescribed period of time.
Internationella normer avser internationella konventioner, lagar och överenskommelser såsom FN Global Compact och OECD:s riktlinjer för multinationella företag som rör frågor om miljö, mänskliga rättigheter, arbetsvillkor och affärsetik
For sustainability reasons, the fund does not invest in companies involved in certain countries/debt securities issued by certain states
Fund company comments: The above is applicable for direct investments in companies and equity derivatives in companies, but it is not applicable for investments in index derivatives or exchange-traded funds (ETF).
The fund company influences
Corporate Influence in-house
Fund company comments: In total, we have ten internal specialists in sustainability and owner governance. The specialists conduct an ongoing dialogue with different companies and/or issuers to influence them to be more sustainable and to move them in a positive direction. The fund managers are also involved in the advocacy work.
Corporate influence in cooperation with other investors
Fund company comments: We engage with companies within the framework of PRI (Principles for Responsible Investment) and together with other investors on our own initiative.
Corporate influence through external suppliers/consultants
Fund company comments: Influence is conducted through two external suppliers: ISSEthix and Sustainalytics Engagement Service.
Votes at general meetings
Fund company comments: The fund company participates and votes on general meetings based on the fund company’s principles of unitholder engagement.
Participates in nomination committees to influence the composition of the Board of Directors
Other corporate influence
The Fund Management Company uses its ownership power to influence companies in sustainability matters.
The Fund Management Company is in contact with companies in order to influence them in a more sustainable direction.
Information on the methodology used to assess, measure and monitor the environmental or social characteristics of the overall sustainable impact of the financial product
The fund has a documented investment and environmental, social and corporate governance (ESG) approach, which the fund’s managers follow when making investment decisions. The fund’s holdings are screened using data from several providers. This ensures that the fund complies with the pre-defined criteria for excluding holdings. The data may also be used to assess the holdings included in the fund. Every day, the risk department determines whether the fund is in line with the exclusion criteria. The fund’s sustainability parameters, such as the fund’s carbon footprint, are measured on a regular basis if such measurement is possible given the fund’s investment universe and access to underlying data.