Report published September 28, 2026

Rebalancing Flows: Swedish Portfolio Managers' Rebalancing Needs – SEB Strategy Report

SEB · September 28, 2026

SEB estimates that Swedish portfolio managers need to buy a small amount of SEK (0.12% of portfolio assets) in September month-end rebalancing. The most pronounced flow requirement is in EUR/USD, where the model signals buying EUR and selling USD.

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Finvaulta summarizes SEB's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.SEB's model estimates Swedish portfolio managers have a minor need to buy SEK, totaling 0.12% of portfolio value, for September month-end rebalancing.
2.The most significant rebalancing flow is in EUR/USD, indicating a need to buy EUR (+0.2% of portfolio) and sell USD (-0.3% of portfolio).
3.The stylized Swedish multi-asset portfolio declined by 0.5% in September, bringing its year-to-date return to +4.1%.

Swedish portfolio managers' rebalancing needs
NEED TO BUY SEK
PORTFOLIO IMPLICATIONS

Report data

Market developments September – table

Metric	Estimate	Context
Stylised portfolio monthly return	-0.5%	September performance of the stylised Swedish benchmark portfolio.
Stylised portfolio year-to-date return	4.1%	Year-to-date performance of the stylised Swedish multi-asset portfolio.
Total net SEK rebalancing need	0.12 % of portfolio	Total rebalancing requirement combining hedge adjustments and asset allocation.
EUR rebalancing need	0.2 % of portfolio	Rebalancing requirement to purchase EUR against USD.
USD rebalancing need	-0.3 % of portfolio	Rebalancing requirement to sell USD against EUR.