We recently let you know about the closure of a number of SEI’s ‘Regional’ funds from 1 April 2024. These were the SEI US Large Companies Fund; SEI Europe ex UK Equity Fund; SEI Asia Pacific ex Japan Equity Fund; SEI Japan Equity Fund; and the SEI Pan European Smaller Companies Fund.
We recognise the importance that some members placed on being able to access worldwide markets. We will therefore be introducing a range of passively-managed regional equity funds with effect from September. This will include UK Equity; Europe (ex UK) Equity; North American Equity; Asia Pacific (ex Japan) Equity; and Japan Equity index tracker funds.
At the same time as these funds are introduced we will also be enhancing the range of funds on offer that have a strong focus on environmental, social and governance factors. This will include:
Global Responsible Equity Fund, which will aim to enhance diversification by capitalising on opportunities worldwide.
Climate Transition Equity Index Tracker Fund, for members who are specifically after a climate-focused strategy, this fund favours companies with strong climate credentials and considers factors such as a company’s plans to transition to more climate-friendly operations.
UK Ethical Bond Fund, designed for those members who place a high value on socially responsible investing but wish to diversify away from equities.
Finally, later in the year, we will also be making a new Global Impact Equity Fund available to members keen to invest in companies that make a positive impact on the world. This fund will specifically target small and mid-sized companies that are involved in environmental protection and research into innovative technologies.
We will be updating our websites and members booklets in September to reflect the new fund changes.