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Handelsbanken Institutionell Kortränta (A1 SEK)
Legal name: Handelsbanken Institutionell Kortränta (A1 SEK)
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 may invest in interest-bearing securities denominated in SEK, EUR, USD, GBP, CHF and JPY. However, a maximum of 2% of the fund's value may be exposed to currency risk. Depending on the state of the market, the fund invests in a larger or smaller proportion of interest-bearing securities issued by companies. The average residual fixed interest duration of the fund's investments varies between one day and one year.
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
Mats Hydén Experience in the fund industry 1998. Portfolio Manager since 1 October 2025.
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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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31.10.2024
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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 30.01.2026 | 1 week | 1 month | 3 months | 2026 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 112.91 SEK | 0.11% | 0.23% | 0.54% | 0.23% | 2.59% | 11.89% | - |
Portfolio 09.10.2025
Portfolio manager comments — Q4 2025
The quarter was characterized by a clear shift in market expectations regarding future policy rates, alongside strong global risk appetite. The US Federal Reserve cut policy rates on two occasions to a range of 3,50–3,75%. At the same time, the market revised downward expectations for rate cuts by the European Central Bank (ECB), with almost the entire probability of a cut in 2026 being priced out. In Sweden, the market instead began pricing in a rate hike by the Riksbank during 2026.
The one year yield on Swedish government securities rose by approximately 15 basis points during the quarter, while the three month rate moved within a range of 1,85–1,95%. Developments in high quality corporate credits were generally stable. However, periodic increases in credit risk premiums created attractive investment opportunities. The year ended with improved risk sentiment, an active primary market, and credit spreads declining to historically low levels.
The short term fund’s average yield during the period ranged from just under 2,2% to approximately 2,3%. Exposure to credit risk was kept low compared with historical levels. Holdings in consumer credits were reduced, while exposure to banks and real estate was increased. Active interest rate risk was close to zero. At the same time, the fund maintained a cautious positioning for higher Swedish rates relative to international markets, as well as protection against upside risks to Swedish inflation. The share of government securities increased slightly.
Looking ahead to 2026, we assess that the probability of further rate cuts by both the ECB and the Fed is higher than current market pricing implies. In Sweden, economic activity has shown some signs of recovery, and an expansionary government budget for 2026 argues against further rate cuts by the Riksbank. At the same time, low inflation outcomes at the beginning of the year, a strong Swedish krona, and uncertainty surrounding household saving behavior point in the opposite direction.
Rising risk premiums at longer maturities internationally argue overall for continued steepening of yield curves. Downside risks related to the US labor market, high valuations across many equity markets, and very low credit spreads could, however, lead to periods of increased risk aversion. At the same time, the Riksbank’s reduced balance sheet and increased government borrowing are expected to contribute to keeping short term Swedish market rates elevated.
Against this backdrop, the fund aims for a neutral to slightly long interest rate exposure and reduced credit risk, without compromising returns. Developments in office vacancy rates continue to be monitored closely, as this remains a key risk factor for the sector.
The fund’s primary focus remains low risk and high liquidity.
Portfolio distribution 31.12.2025
Geographic breakdown 31.12.2025
