Factsheet and Information Brochure
Factsheet
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Costs and charges
Fund rules (186 kB)
Prospectus (1416 kB)
Periodic reports
Sustainability SFDR (927 kB)
Annual review (PF) (2881 kB)
Semi-annual report (PF) (200 kB)
Marketing material
Brief fund information
Summary SFDR (143 kB)
Handelsbanken Japan Tema (A1 NOK)
Legal name: Handelsbanken Japan Tema (A1 NOK)
Equity Fund Registered in Sweden (UCITS)
Bid
About risk
Historical yields are not a guarantee of future returns. A fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount. Note that a fund with risk level 5-7, as stated in the fund's fact sheet (KID), can vary greatly in value due to the fund's composition and management methodology. The prospectus, fund rules and KID are available under each fund. Summary of investors' rights.
The fund is actively managed and invests in equities issued by companies in Japan and thereby has a currency exposure to this market.
The thematic investment strategy provides for investments that occur in a limited area in which development is deemed to result in a structural change to the economy and society. This change provides favorable conditions for companies active within the area to create profitable growth over time.
The fund is reported as an Article 8 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
The thematic investment strategy provides for investments that occur in a limited area in which development is deemed to result in a structural change to the economy and society. This change provides favorable conditions for companies active within the area to create profitable growth over time.
The fund is reported as an Article 8 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
Fund manager
Hiromi Okazawa Experience in the fund industry 2002. Portfolio Manager since 1 January 2024.
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The risk indicator provides guidance on the risk level for this product relative to other financial products. It shows the likelihood that the product will decrease in value due to market performance. Risk level 1 represents a low risk and risk level 7 is a high risk.
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30.06.2024
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The rating shows which funds have historically posted the strongest performance in relation to risk. Ratings are denoted by a scale of one to five stars, with five as the highest rating. A fund must have a performance history of at least three years to receive a rating.
Read more about the fund's rating |
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This fund promotes environmental and social characteristics through its investments but does not have sustainable investments as its objective. As a result, the fund takes into consideration the environment and climate, as well as human rights, employees’ rights and corruption. The fund is reported as an Article 8 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR). |
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31.05.2024
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The sustainability rating is developed by the fund information company Morningstar. The rating measures how well the fund's investee companies manage sustainability risks relative to other funds within the same global Morningstar category. If the fund has invested in government bonds issued by sovereign states, the respective country's sustainability risk is included in the calculation. The analyzed funds can receive a sustainability rating between 1 and 5 globes, with 5 as the highest rating. The fund complies with the UN Principles for Responsible Investments. |
Graph
Performance
| Rate 22.07.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 130.82 NOK | -0.48% | 9.09% | 7.62% | 15.42% | 19.27% | 66.44% | 180.49% |
Portfolio 11.07.2024
Portfolio manager comments — Q2 2024
Fund performance was negative in Q2. During the period the Japanese market underwent an adjustment phase that began with a temporary downturn of 10% from the highest levels during Q1.
As the anticipated rate cuts from the US central bank became less likely, the exchange rate of the Yen fell against the USD. To counter this, the Ministry of Finance undertook one of the largest currency interventions ever at the beginning of May, although the impact has been limited thus far. Export-related equities had a rough time on the stock market due to concerns about currency interventions, while bank equities on the other hand rose due to expectations of a rate hike from the Japanese central bank.
The full-year 2023 results for the largest companies on the Tokyo stock market were published during Q2 and showed record earnings for the largest companies as a whole. The results also exceeded the most recent consensus forecasts. On the other hand, company forecasts for 2024 are largely unchanged relative to 2023, with conservative assumptions about the exchange rate where the yen is expected to strengthen from current levels.
The amount of stock buy-backs announced during Q2 was 1.7 times higher than during the same period in 2023, which with all else being equal should be supportive for equity prices. In addition, several companies raised their dividend targets and implemented new dividend policies based on various key figures, such as a share of the company’s equity (independent of profit levels) or different types of progressive dividend programs.
Power companies and equities related to energy expansion posted positive performance, driven by expectations of higher demand for energy as a result of the increase in data centers. At the company level, Hitachi Ltd contributed significantly. At the sector level, insurance companies posted the strongest performance, while the bank sector exceeded the market when the 10-year bond rate reached the 1% level for the first time in 11 years. The fund’s overweight in equities, which included Tokio Marine Holdings and Sumitomo Mitsui Financial Group, contributed positively to the fund’s performance.
Portfolio distribution 30.06.2024
Geographic breakdown 30.06.2024
