SEB in Stockholm, one of Sweden's largest financial services providers, has selected another ten external funds for third-party fund distribution.

SEB, which has a customer base of 800,000 in Sweden, plans to distribute 30 third-party funds in the coming year. International competition is forcing local players into new strategies to retain market share. Third-party distribution of mutual funds has been growing rapidly in Sweden.

Sweden's SEB adds to third-party fund roster

Pirkko Juntunen

Alliance Capital Management

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