SEI Breaks Institutional Investors' Links to Sudan, Iran

SEI launched a fund that eliminates companies that generate revenue through business relationships with Sudan or Iran, the company said.

The fund addresses the increased desire of institutional investors, specifically nonprofit organizations, to avoid a tie to Sudan/Iran.

The SEI Screened World Equity Ex-U.S. Fund will invest in securities of foreign issuers located in developed and emerging market countries, excluding companies whose activities directly or indirectly benefit the governments of countries that support terrorism, genocide, or human rights abuses, according to a release.

The actively managed fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment strategies with the objective of achieving returns above the fund’s benchmark, MSCI All Country World ex-US Index adjusted for screens.

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