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SWEDBANK INVESTEERIMISFONDID AS's activity report 2022

The year 2022 was diverse for Swedbank Investment Funds AS („SIF“ or „the company“), encompassing influences from both the external environment and within the company. The main keywords characterizing the year are changes in the product portfolio, market volatility, the invasion of Russian troops into Ukraine, and the Estonian pension reform. The largest funds managed by SIF are the so-called second pillar funds of the Estonian pension system. Therefore, the company's activities are influenced by the return, fees, size of contributions, cyclical movement of clients between different funds,

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