Handelsbanken EMEA Tema (B1 SEK)

Legal name: Handelsbanken EMEA Tema (B1 SEK)
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 (170 kB)
Prospectus (1622 kB)
Periodic reports
Sustainability SFDR (1087 kB)
Annual review (PF) (3198 kB)
Semi-annual report (PF) (201 kB)
Marketing material
Brief fund information 
Summary SFDR (167 kB)
The fund is actively managed and invests in equities issued by companies in the EMEA region (Eastern Europe, including the former Soviet republics and Greece, the Middle East and Africa). As a result, the fund has a currency exposure to 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.

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 Spotlight

The fund rules will be changed on 10 October 2025.

As a result of the trading restrictions on the Moscow stock exchange, the fund has not been able to sell and therefore still has a few Russian holdings left. Our valuation of these holdings is currently close to zero and will be sold as soon as conditions permit. We will not be making any new investments in Russia.

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Christopher Sundman

Fund manager

Christopher Sundman Experience in the fund industry 1987. Portfolio Manager since 1 January 2011.
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.
Total Rating™ 
 
Given that the fund has less than three years of performance history, it is not rated.
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 SEK
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Handelsbanken EMEA Tema (B1 SEK) (SEK)

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
124.20 SEK 0.39% 3.55% 15.97% 1.54% 9.65% 47.47% -

Portfolio 09.07.2025

Portfolio manager comments — Q2 2025
Fund performance was positive during the second quarter, rising by 5.5% in SEK, despite the Swedish krona strengthening against several of the region’s currencies. The best-performing markets were Greece, Hungary and Georgia, all of which rose by around 20%. The weakest performance came from Turkey, where the market declined by 7%. However, the fund’s Turkish holdings increased in value, thanks to a high exposure to banks that performed strongly.

One of the largest positive contributors was the Turkish bank Akbank. Banks in the Middle East, particularly Dubai Islamic Bank and Abu Dhabi Commercial Bank in the UAE, also contributed strongly to returns.

Overall, the banking sector was the strongest contributor during the quarter, which supported the fund’s focus on financial inclusion.

On the negative side was the South African pharmaceutical company Aspen, which lost a key customer in the vaccine segment. The company also revised its full-year guidance downward, leading to a sharp drop in its share price. As a result, we chose to reduce our exposure to the equity.

The telecom sector showed more positive development. Airtel Africa raised its earnings guidance, partly due to the ability to adjust prices upward to compensate for previous currency devaluations in several African countries.

Geopolitical tensions in regions such as Ukraine, Gaza and Iran negatively affected markets during parts of the quarter. However, markets have largely recovered as a degree of stability has returned. We hope for a gradual normalization of global market conditions and an end to the trade conflicts and tariffs that continue to affect the region.

The mining and gold-related equities, which were clear drivers in Q1, performed more in line with the broader market in Q2. These sectors continue to show high volatility.

Portfolio distribution 30.06.2025

Geographic breakdown 30.06.2025

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