Handelsbanken Finland Småbolag (A10 EUR)

Legal name: Handelsbanken Finland Småbolag (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.

Fact sheet and documents Print page
Factsheet and Information Brochure
Factsheet 
Target Market
Costs and charges
Fund rules (155 kB)
Prospectus (1626 kB)
Periodic reports
Sustainability SFDR (1078 kB)
Annual review (PF) (3189 kB)
Semi-annual report (PF) (196 kB)
Marketing material
Brief fund information 
Summary SFDR (170 kB)
The fund is actively managed and invests in equities mainly issued by small and mid-sized companies in Finland or that have a minimum of 50% of their business operations or market in Finland. As a result, the fund has a currency exposure to these markets. We place particular emphasis on ensuring that the company's strategy concurs with our assessment of what can generate favourable share price performance in equities as well as that the valuations are attractive when we select equities for the fund.

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).
Jyrki Nyberg

Fund manager

Jyrki Nyberg Experience in the fund industry 1998. Portfolio Manager since 1 March 2021.
Risk: 4/7
Risk  4/7
 
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.
Rating: 4
Total Rating™ 
30.06.2025
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
EuapIndicator:1
SFDR
 
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).
  30.04.2025
Sustainability-
rating

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

In percent including distribution in EUR
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Handelsbanken Finland Småbolag (A10 EUR) (EUR)

Note that benchmark returns, unlike fund returns, do not take distributions into account. As a result, fund returns are higher than they would otherwise be relative to benchmark.

Performance

Rate 10.07.2025 1 week 1 month 3 months 2025 1 year 5 years 10 years
15.18 EUR 2.02% 2.71% 20.00% 14.65% 9.92% 64.29% -

Portfolio 09.07.2025

Portfolio manager comments — Q2 2025
Fund performance was positive during the second quarter, rising by nearly 12% in SEK.

President Trump’s “Liberation Day” on April 2 surprised the market both in scope and scale, leading to global market declines, countermeasures, and an escalation of trade tensions. After the initial shock, the administration’s stance gradually softened. Trump backed down and introduced a 90-day negotiation pause for certain tariffs, set to expire in July.

The geopolitical environment also remained turbulent, with escalating conflict between Israel and Iran. Uncertainty remains high, and global growth expectations have been revised downward. Business and consumer confidence remain cautious. The European Central Bank (ECB) cut interest rates twice following weakening inflation, while the US Federal Reserve kept rates unchanged due to uncertainty around future price developments. Despite this, both the US and European economies have proven unexpectedly resilient.

The fund benefited most from the industrials, services, and information technology sectors. Three profit warnings were issued by portfolio companies—one positive (GRK) and two negative (QT and Detection Technology).

New investments were made in Fodelia, GRK, Kreate and Mandatum, while holdings in Bittium, Gofore, Orthex, Outokumpu, Tokmanni and WithSecure were sold. The strongest contributors to fund returns were Kojamo, Metso and Orion, while Detection Technology, QT and Lindex had the most negative impact.

The biggest external concerns have eased, although political uncertainty remains high. Finnish consumers have strengthened as interest rates have fallen, inflation is moderate, and real wages are rising. This is reflected in increased sales of second-hand homes and more building permits for new projects. If unemployment remains under control, the second half of the year could be a period of growth.

Portfolio distribution 30.06.2025

Geographic breakdown 30.06.2025

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