SEB House View

xAsset Investment is the team behind SEB House View and who decides on the asset allocation view of SEB Asset Management.

The team decides on how much the fund company recommends to allocate to the different asset classes such as for example equities and government bonds. The House View risk utilisation and model portfolio is implemented in the Asset Management multi asset portfolios.

The speedometer controls risk budgets

The speedometer represents the team’s market view and controls to what extent the portfolios should utilise their risk budgets. It is connected to the model portfolio shown in the, House View presentation, which at all times utilises its risk budget in-line with the speedometer. In a very general sense it can be interpreted as equities on or off, with 50% being neutral.

Highlights from the latest SEB House View

The committee increased the risk utilisation from 50 per cent to 55 per cent.

We raise our allocation to equities as bonds yields have fallen and US monetary and fiscal policy expansion will boost growth and profits 2026.
We downgrade Emerging Markets (EM) to neutral after a very strong summer performance. However, we see structural tailwinds ahead and will look to move back to an overweight position in EM in due course.
We make no changes to equity sector allocations this time, maintaining our overweight in Financials, IT, and Health Care.
We increase exposure to Investment Grade (IG) credit while reducing Government bonds, and we maintain High Yield at underweight.
We expect continued USD weakness as the Federal Reserve proceeds with further interest rate cuts.

SEB House View September2025

House View Reports

Read the House View reports that have been compiled by xAsset Investment to provide background information and is directed towards institutional investors.

Publications from xAsset Investment

SEB House View
White papers on various allocation themes.
Graph packages.

Förvaltarpodden

This is the podcast where we take you behind the scenes at SEB's fund management company and share our thoughts, insights, and analyses.

Inside the mind of a fund manager

"Inside the mind of a fund manager" is a film series where we share fresh market insights and interview fund managers with different focuses within SEB Asset Management. A regular guest is Carl Hammer, our Head of Allocation and responsible for our market outlook, SEB House View. The moderators are Emelie Sjöberg, Marcus Lindholm, and Annika Hagstedt.

(In Swedish)

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If you have any questions regarding our publications, please reach out to the SEB House View team.

SEBHouseView@seb.se