Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (191 kB)
Prospectus (1643 kB)
Periodic reports
Sustainability SFDR (1078 kB)
Annual review (PF) (3182 kB)
Semi-annual report (PF) (197 kB)
Marketing material
Brief fund information
Summary SFDR (168 kB)
Pre-contractual SFDR
Pre-contractual SFDR (1146 kB)
Handelsbanken Japan Tema (A10 EUR)
Legal name: Handelsbanken Japan Tema (A10 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 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.
For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.
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.
For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.
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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30.09.2025
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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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31.07.2025
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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 04.11.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 13.85 EUR | 2.59% | 5.89% | 16.00% | 14.18% | 23.99% | 36.99% | 99.28% |
Portfolio 09.10.2025
Portfolio manager comments — Q3 2025
The Japanese stock market in the third quarter was characterized by record-breaking gains in major indices, strong performance in AI-related stocks, and a sustained liquidity-driven rally. The Nikkei 225 broke through the 45,000 mark in September.
The global market was fueled by ongoing monetary easing expectations and abundant liquidity. The Fed's expected rate cut in September reinforced the financial and excess-liquidity-driven market trend. Although the Bank of Japan unexpectedly announced the start of ETF sales, causing a temporary plunge, the Japanese market quickly recovered. Foreign investors continued net buying in futures, supporting the Japanese market.
In politics and policy, the U.S.-Japan tariff agreement, which reduced auto tariffs to 15%, was viewed positively as negative factors had already been priced in. Domestically, Prime Minister Ishiba's resignation following the LDP's upper house election defeat triggered a leadership election, raising expectations for Abenomics 2.0 under successor candidate, Sanae Takaichi and fueling hopes for fiscal stimulus, which pushed long-term interest rates higher.
Sector performance showed value stocks outperforming growth stocks, with non-ferrous metals, mining, and electronics leading gains. Activist investors intensified their involvement in MBO targets, highlighting growing shareholder influence. A healthy rotation occurred from large-cap export-oriented stocks to lagging domestic and small-cap stocks. Notable corporate activities included Sony Group's spin-off of Sony Financial Group, and a series of overseas acquisitions by Japanese firms.
The Fund’s performance in the period was primarily driven by the Fund’s overweight positions in semiconductor materials manufacturer JX Advanced Metals, and AI-related holdings SoftBank Group and Fujikura. We subsequently took profits on select names that had experienced significant appreciation. The proceeds were strategically redeployed into new positions in Sumitomo Electric Industries, which is expanding its presence in AI data center optical cables, and Mitsubishi Electric, where profit growth in the infrastructure segment has become more pronounced.
Portfolio distribution 30.09.2025
Geographic breakdown 30.09.2025
