Seligson & Co Fund Management in brief

For more info, please contact us by e-mail at ‎ or by phone +358-9-68178200 (from 9 am to 5 pm, Finnish time).

Seligson & Co was founded in 1997 to produce transparent and cost-efficient investment services for long-term investors. We serve both private and institutional customers, mainly in Finland and Sweden. We are a majority employee and management owned independent asset manager. We focus on helping our customers meet their long-term investment objectives with time-tested, easy to understand investment services leading to superior long-term results – for our customers!

Please find the daily NAVs of our funds here.

Our most accessible product for investors outside Finland & Sweden is the OMX Helsinki 25 ETF.

The stock exchange ticker for the Fund is SLG OMXH25 and the Bloomberg code H25ETF FH. The holdings of the Fund are published daily as a creation unit.

Primary transactions (minimum 25,000 shares subscribed or redeemed) can be made via the Fund’s authorized participants.

For further information about the fund, please see the published stock exchange releases or contact our customer service.

KEY INVESTOR INFORMATION DOCUMENTS (other documents available by request, for now)

Key Information Documents of income units 

Past performance and performance scenarios 

NOTIFICATION OF THE DISTRIBUTION OF THE ASSETS OF THE LIQUIDATED FUND: STEP 2

The Russian Prosperity Fund Euro is a feeder fund investing in units of the fund Russian Prosperity (Luxembourg) (the “master fund”). Both funds have been closed since 28 February 2022.

On 8 December 2023, the Board of Directors of Seligson & Co Fund Management Company decided to liquidate the Russian Prosperity Fund Euro (the “feeder fund”). The liquidation was announced by letter on 13 December 2023. Upon liquidation, the assets of the feeder fund are distributed to the unit holders. The funds of the feeder fund are distributed in accordance with the distributable funds in steps:

• Step 1: the distribution was made on 27 December 2023 by redeeming 98% of the unit holders’ units.
• Step 2: the distribution is made by redeeming half of the remaining units (this bulletin).
• Next step: the master fund units owned by the feeder fund are still in the feeder fund’s name. If the master fund manages to realise its remaining investments or otherwise disburses assets or the units of the master fund are redeemed or realised, all received assets, net of any expenses, will be distributed to the unit holders of the feeder fund in proportion to their holdings.

STEP 2: DISTRIBUTION OF THE FUNDS

In June, the master fund made a new asset payment to the feeder fund. The assets to be distributed consisted of cash held in the master fund and assets that the master fund had received from its realisable investments. The funds were distributed from the master fund by decision of the Annual General Meeting and at the same time the units of the master fund were annulled from all owners in equal proportions. The master fund has not been opened since the closing.
The funds received from the Russian Prosperity (Luxembourg) master fund are distributed to the unit holders of the Russian Prosperity Fund Euro in proportion to their holdings. The assets to be distributed correspond to approximately EUR 1,788 per fund unit.

• The distribution will be carried out on 16 September 2024 by redeeming half of the remaining units of the unit holders. The redeemed assets will be paid from the fund’s account on 17 September 2024 to the bank accounts of those customers whose customer information is up to date.If your customer information is no longer up to date, the funds will be paid to the customer assets account until your customer information is updated. The need for an update can be checked in our “Oma salkku” service, where any update request will appear in the service immediately after logging in. The information can also be updated in the section “Asiakastiedot” (Customer information) and “Asiakastietojen päivitys” (Updating customer information). You can log in to the Oma salkku service via our website at www.seligson.fi.
• The Fund Management Company provides the unit holders with a confirmation of redemption in the Oma salkku service and notifies the Finnish Tax Administration of the conveyance.

We are happy to answer any additional questions via the messaging function in the Oma salkku service, ‎ or +358 9 6817 8200. We will inform you about the status of the fund at www.seligson.fi.

NOTICE OF LIQUIDATION OF THE MUTUAL FUND

On 8 December 2023, the Board of Directors of Seligson & Co Fund Management Company decided to liquidate the Russian Prosperity Fund Euro Fund because there continues to be no visibility into renewed tradability for units in the Master Fund, and because the Master Fund has written to zero the value of the shares of Russian companies it owns. We will notify all fund unit holders separately by post.

The Russian Prosperity Fund Euro is a feeder fund investing in units of its Master Fund Russian Prosperity (Luxembourg). The Master Fund was closed on 28 February 2022 and has not been opened since. Russian Prosperity Fund Euro has also been closed since 28 February 2022. No management fee has been charged for the fund since the closure.

In practice, the liquidation of the Russian Prosperity Fund Euro means the following:

• The Fund’s assets are distributed to the unit holders. The Fund is a so-called feeder fund consisting of cash and units of its Master Fund Russian Prosperity (Luxembourg). The cash portion corresponds to approximately 2,5 euros per unit.
• In the first phase of the liquidation, the Fund’s cash will be distributed to unitholders with only a minimum left in the Fund. This will be carried out by redeeming 98 % of the units on 29 December 2023. The redemption
  proceeds will be paid from the Fund’s bank account on 2 January 2024 to customers whose customer information is up to date.

• • If customer information is not up to date, the redemption proceeds will be paid to the Fund Company’s customer assets holding account until we receive a valid update.

• • • The need for an update can be checked in our Oma salkku service. If needed, an update request will be shown on the front page after logging in and updates can be done in the section “Asiakastiedot” (Customer information) and “Asiakastietojen päivitys” (Updating customer information). Log in to Oma salkku via www.seligson.fi, but please note that the service is available only in Finnish and Swedish.
    • If you are unable to update the customer information in Oma salkku service, please contact our customer service.

• We will provide the unit holders with a confirmation of the redemption in Oma salkku service and notify the Finnish Tax Administration.
• The units of the master fund owned by the Russian Prosperity Fund Euro will remain in the possession of the Fund even after the liquidation. When the units of the Master Fund can be redeemed, the received proceeds will be paid to the unit holders in proportion to their holdings, net of expenses.

We will inform about the status of the remaining Master Fund units at www.seligson.fi.

No new subscription or redemption orders for the Fund have been registered since 31 December 2022. As a result of the liquidation, all previously received redemption orders will now be cancelled. The Fund Management Company will prepare a closing account of the Fund to be published at www.seligson.fi.

We are happy to answer any additional questions via the messaging service in the Oma salkku service, by e-mail at ‎ or by phone at +358 9 68178200 (weekdays 9-17 Finnish time)