At Least 30 Fixed-Income Funds in Sweden Halted Redemptions (1)

March 20, 2020, 5:34 PM

At least 30 bond funds in Sweden have suspended trading meaning that investors can no longer withdraw their cash.

The funds include some of the biggest names in Sweden’s fixed-income market: Lannebo’s corporate, high-yield and sustainable bond funds, as well as funds managed by Spiltan, IKC, Danske Bank, Carnegie and Cicero

“It’s a tough situation due to the uncertainty that the coronavirus crisis is resulting in,” Linda Fagerlund, head of wealth management Sweden at Danske Bank, said. “This is reflected not least in big price swings, which sometimes make it impossible to price the funds and we therefore temporarily ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.