Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (188 kB)
Prospectus (1535 kB)
Periodic reports
Sustainability SFDR (1067 kB)
Annual review (PF) (3165 kB)
Semi-annual report (PF) (193 kB)
Marketing material
Brief fund information
Summary SFDR (168 kB)
Handelsbanken Global Digital (A1 EUR)
Legal name: Handelsbanken Global Digital (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 companies that are considered as being positively affected by the digitalization investment theme. Investments are made globally and the fund thereby has a currency exposure. Digitalization is a theme that can span across several sectors and regions. The fund invests within sectors such as information technology and communication services.
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).
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
Niklas Lundin Experience in the fund industry 1989. Portfolio Manager since 1 February 2023.
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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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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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31.01.2025
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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 25.04.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 15.79 EUR | 4.64% | -8.09% | -17.16% | -13.15% | 14.67% | - | - |
Portfolio 16.04.2025
Portfolio manager comments — Q1 2025
The first quarter of 2025 included a bit of drama for the equity market and led to the fund’s negative performance. The longer the quarter progressed, the more the market became concerned about how the Trump administration’s proposals for tariffs would impact the US economy and inflation. This created a major shift in sentiment with outflows from the US and instead into Europe. This affected not least the so-called MAG 7 companies, which as a group had weak returns in the quarter. The digitalization and AI themes ran into turbulence and posted weak performance after an unprecedentedly strong year. The weakness primarily consisted of short-term macroeconomic concerns, while the long-term structural growth for digital transformation remains.
The market began to question the resilience of the rate of growth for investments in infrastructure development related to data centers in conjunction with the presentation of the AI search engine Deepseek. This trend had a negative impact on the fund’s holdings with exposure to this driver, such as Nvidia, Vertiv, Broadcom, and Arista Technology. At the same time, it is also positive to find two Swedish digital consumer companies like Storytel and Spotify on the positive side of performance. Both of these companies continued to increase the number of satisfied users and reported strong results. Uber and Nintendo, which are companies with leading consumer platforms, also posted strength. The USD weakened against the SEK during the quarter, which had a negative impact on returns.
We increased exposure to Europe by adding Dassault System, slightly more aggressive European fiscal policy, while selling US Bentley System. In addition, the fund added the security company Cellebrite. The fund also, on the margin, reduced the exposure to high beta companies, such as Arista, Cloudflare and ServiceNow, while it increased the holdings in more defensive equities such as ExcelService. The fund also added Amazon to the portfolio at the end of the quarter, as we felt that the share have been oversold in conjunction with the general downturn.
As in previous quarters, companies within the digitalization theme will continue to be affected by the rapid growth underway within AI. Companies within different sectors are affected to varying degrees, although we expect those that can demonstrate benefits and profitability within their own AI strategies will have the best conditions for success.
Portfolio distribution 31.03.2025
Geographic breakdown 31.03.2025
