The Board of Directors of XACT Fonder AB has decided to transfer the management of all of its funds, currently managed by the fund company, to Handelsbanken Fonder AB.
XACT Fonder AB and Handelsbanken Fonder AB are both part of the Handelsbanken Group. The Board of Directors of Handelsbanken Fonder AB has decided to assume the management of above mentioned funds. The transfer will be executed as soon as the Swedish Financial Supervisory Authority (Finansinspektionen) has given XACT Fonder AB permission to do so, however not before 1 January 2012.
The management of the funds will be the same and the fund regulations will remain unchanged except that the management company will change. Since the daily running of the funds is already outsourced to Handelsbanken Fonder AB, the transfer will not imply any changes in practice. The funds will keep their names.