Factsheet and Information Brochure
Factsheet
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Fund rules (164 kB)
Prospectus (1389 kB)
Periodic reports
Sustainability SFDR (927 kB)
Annual review (PF) (2868 kB)
Semi-annual report (1799 kB)
Marketing material
Brief fund information
Summary SFDR (143 kB)
Handelsbanken Norden Selektiv (A10 NOK)
Legal name: Handelsbanken Norden Selektiv (A10 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 16 to 35 equities issued by companies in Denmark, Finland, Norway and Sweden and thereby has a currency exposure in these markets. The fund's strategy is to create good returns over time through long-term investments.
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
Yvonne Sörberg Experience in the fund industry 1994. Portfolio Manager since 20 May 2019.
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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 |
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| 803.60 NOK | 1.80% | 2.14% | 8.55% | 10.93% | 14.45% | 111.22% | - |
Portfolio 26.04.2024
Fund performance was positive during Q1 and the fund rose just over 9% in SEK. The upturn in the equity market was driven by an increased confidence in a soft landing of the economy that is supported by expected rate cuts.
Holdings in Novo Nordisk, Netcompany, Volvo, Mycronic and Beijer Ref were the strongest contributors to fund returns and all delivered strong reports for Q4. Nibe and Sweco, which were weighed down by weaker than expected reports, had the most negative impact on returns. Nibe’s sales were negatively affected by the persistently high inventories of heating pumps in the distribution chain that were accumulated during a period of high expectations for further strong growth and the need to ensure delivery capacity. Declining gas prices in Europe and lower subsidies have dampened incentives for installing heating pumps. The inventory situation should be rebalanced during the end of the year and there is a further need for energy transition that is assisted by effective climate solutions over the long term. Sweco was weighed down by struggles in the UK market where projects within transport are being cancelled and the company is now adjusting after the overcapacity that arose.
A new holding in SEB was added to the fund during the quarter. SEB is a high-yield and well-capitalized bank with a broad revenue base that will be important when the upcoming rate cuts by the Riksbank begin to negatively impact the bank’s net income. We increased the holdings in Nibe during the period. The fund decreased the holding in SHB, which is more dependent on the net income in its revenues and also decreased holdings in Novonesis and Volvo after strong share price performance.
For the upcoming reporting period we will continue to focus on companies that have sustainable business models and competitive offers with sustainable growth even in a weaker economy.
Portfolio distribution 30.04.2024
Geographic breakdown 30.04.2024
