Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (200 kB)
Prospectus (1398 kB)
Periodic reports
Sustainability SFDR (930 kB)
Annual review (PF) (2884 kB)
Semi-annual report (1799 kB)
Marketing material
Brief fund information
Summary SFDR (143 kB)
Handelsbanken Europa Småbolag (A1 EUR)
Legal name: Handelsbanken Europa Småbolag (A1 EUR)
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 small and mid-sized companies that is headquartered in Europe or are traded in the Europe and thereby have a currency exposure in these markets. 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 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
Staffan Lindfeldt Experience in the fund industry 1998. Portfolio Manager since 1 January 2020.
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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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30.04.2024
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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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29.02.2024
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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 08.05.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 43.64 EUR | 1.56% | 0.74% | 3.02% | 2.08% | -0.52% | 9.15% | 38.57% |
Portfolio 26.04.2024
Fund performance was positive during Q1 and the fund rose just over 5% in SEK, driven by increased optimism about the economy. Small caps as a group, however, continued to rise less in value than large caps in Europe.
The megatrends in Europe from 2023 continued during the quarter. Active funds saw outflows on a broad front, while passive funds took market shares, which fueled the impact of larger companies outperforming smaller companies. Small caps thereby currently have a more attractive relative valuation than previously and we note that it is unusual from a historical perspective that small caps underperform large caps over such a long period.
The fund has gradually increased its exposure to both larger equities in our investment universe that have the drivers we have identified, as well as in equities that take advantage of lower interest rates, such as real estate equities and strong companies with higher profit multipliers.
Several of the larger positions in Beazley, TIG, Marlowe, Bakkafrost, Indivior, CTP, Demant, Erste Bank and Biogaia were the strongest contributors to returns, while HelloFresh, CVS Group, Embracer, Soitec, AC Immune, Pets at Home, Verbio and SeSa were among the weaker contributors.
During the period the fund added companies such as Accor, Bawag, Brembo, Do & Co, Exclusive Networks, Fortnox, JD Sports, MTG, Platzer, Publicis, Redcare Pharmacy, VAT Group and Össur. The purchases were financed by holdings in Alk-Abello, Bravida, Duni, Essity, Glanbia, HelloFresh, Keywords Studios, Qiagen, Rovi and Ubisoft.
The thematic drivers that we have identified remain relevant and we are beginning to see an increasing number of practical examples from companies related to the usage of AI for driving sales and efficiencies, which is an exciting prospect.
Portfolio distribution 30.04.2024
Geographic breakdown 30.04.2024
