Handelsbanken Asien Småbolag (A10 EUR)

Legal name: Handelsbanken Asien 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.

The fund is actively managed and invests primarily in equities issued by small and mid-sized companies in Asia. Consequently, the fund has a currency exposure to this market. The fund may also invest in equities outside of this region, provided that the investee company has Asia as a significant business or market area.

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 has a new investment focus as of 1 November 2023 and has also been renamed to Handelsbanken Asien Småbolag (formerly Handelsbanken Kina Tema).

Fund manager

Mikael Sens Experience in the fund industry 1995. Portfolio Manager since 10 October 2014.

Risk 5/7

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.

About risk

The risk/return indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on the change in the fund’s value over the past 5 years. Given that the fund does not have five years of historical performance, the risk indicator has been estimated based on the fund’s benchmark index (see above under the heading, Objectives and Investment Focus).

This shareclass belongs to category 5, which means there is a medium-high risk for up- and downturns in the net asset value. Category 1 does not mean that the fund is risk-free. The fund's risk indicator can change both upwards and downwards on the scale over time, as the indicator is based on historical data that does not guarantee future risk/returns.

An investment in an equity fund is generally characterized by high risk as the value of the equities can fluctuate significantly over time but also has the potential for high returns.

The indicator primarily reflects the upturns and downturns in the value of the fund’s equity investments and fluctuations in exchange rates.

The indicator reflects the most important risks in the fund but excludes the following material risks:

Given that the fund’s investments are made in one country or a limited number of countries, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution across several regions or countries.

The fund's investment focus entails exposure to markets that frequently have lower liquidity, and the variation in liquidity is considered to be higher relative to more developed markets. This can impact the fund's ability to manage significant outflows at a relatively low cost.

Risks that have not been captured by the risk indicator include: Operational risk - the risk for loss due to unforeseen policy decisions or weaknesses in a country’s securities regulations. This product does not provide any protection from future market performance. You could therefore lose some or all of your investment.

Additional information about the risks may be found in the prospectus available at www.handelsbanken.se/funds.

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

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).

29.02.2024

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.

About Sustainabilty rating

The fund complies with the UN Principles for Responsible Investments.

Graph

Performance

Monthly savings

In percent including distribution in EUR

2024

1 year

3 years

5 years

10 years

Handelsbanken Asien 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.

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Historical rates

Performance

Rate 08.05.2024	1 week	1 month	3 months	2024	1 year	5 years	10 years
9.99 EUR	0.20%	-0.20%	-	-	-	-	-

Portfolio 26.04.2024

The fund posted very strong performance during the quarter and the fund rose just over 13% in SEK. A significant exposure to small technology companies in Taiwan contributed positively. AI was a major focus area during the quarter and several of the fund’s holdings have links to this area, e.g., Asia Vital Components, King Yuan Electronics, Chroma and Gigabyte Technology.

However, the strongest contributor to fund returns was Taiwanese International Games System, which designs and manufactures software and hardware for arcade and PC games. The company has a strong market position worldwide within this area and continues to steadily increase its revenues and profits.

The Taiwanese hardware company Chicony Electronics, which manufactures keyboards, was also a significant contributor. Strong growth and higher margins are expected during 2024 with the stabilization of the PC market. The Indian travel reservation website MakeMyTrip is another example of a company that contributed to returns. The company is a market leader within its segment in India and has benefited from the growth in flights, train and bus travel, hotels, business travel and international travel.

The largest negative impact on performance was posted by Taiwanese Sinbon Electronics, Lite-on Technology as well as Thai WHA, which develops and manages industrial parks in Thailand and Vietnam.

We have a cautiously optimistic outlook for fund performance ahead due to the many exciting and well-managed small caps in Asia.

Portfolio distribution 30.04.2024

Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.