Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (212 kB)
Prospectus (1576 kB)
Periodic reports
Sustainability SFDR (1098 kB)
Annual review (PF) (3211 kB)
Semi-annual report (PF) (201 kB)
Marketing material
Brief fund information
Summary SFDR (170 kB)
Pre-contractual SFDR
Pre-contractual SFDR (1091 kB)
Handelsbanken Europa Småbolag (A1 SEK)
Legal name: Handelsbanken Europa Småbolag (A1 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.
The fund is actively managed and invests in equities issued by small and mid-sized companies that is headquartered in Europe or are traded in the Europe and thereby have a currency exposure in 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).
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
Gisela Gardelius Experience in the fund industry 2019. Portfolio Manager since 1 March 2025.
|
|
||
|---|---|---|---|
|
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.
|
|
31.12.2025
|
||
|---|---|---|---|
|
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 |
|
|
||
|---|---|---|---|
|
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). |
|
31.10.2025
|
|||
|---|---|---|---|
|
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 06.02.2026 | 1 week | 1 month | 3 months | 2026 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 549.90 SEK | -0.12% | -1.57% | -0.38% | -1.67% | 2.03% | 0.52% | 82.86% |
Portfolio 26.01.2026
Portfolio manager comments — Q4 2025
The fund rose by approximately 1% in SEK during the fourth quarter, while the benchmark index* increased by around 2.5%. Small cap companies underperformed large caps somewhat, following a period of stronger relative performance during the second and third quarters of the year.
In France, the market was characterized by protracted budget negotiations, resulting in a temporary extension of the 2025 budget into 2026. In contrast, the UK presented its 2026 budget, which was received relatively well by the market. At the same time, equity markets were affected by continued geopolitical uncertainty as well as large share price movements related to AI and the expansion of data centers.
The fund’s strongest positive contributors were Munters, Games Workshop, Erste Group Bank, Atalaya Mining, Applied Nutrition, and Persimmon. The largest negative impacts came from Vusion Group, Innoscripta, Scout24, CTP, and Asmodee.
During the period, the fund invested in new holdings such as Ottobock, Dürr, SIG Group, and Coffee Stain, a spin off from Embracer. The fund also increased exposure to, among others, Mycronic, MedCap, Paradox, DiscoverIE, Demant, and Bechtle. These investments were primarily financed through divestments of Baltic Classifieds, JD Sports, Rightmove, Edenred, ERG, and Craneware.
Following a period of stronger relative performance, small cap stocks have once again underperformed large caps somewhat. From a historical valuation perspective, however, we consider European small cap stocks to appear attractive. We take a positive view of the EU’s increased focus on reducing regulatory burdens and promoting growth and investment in the region. In addition, we believe that smaller companies are well positioned to implement AI solutions more rapidly than larger companies. The fund’s thematic investment strategy supports the potential for earnings growth even if the economic environment remains weak.
* Solactive ISS ESG Screened Europe Small Cap Derived Index NTR
Portfolio distribution 31.12.2025
Geographic breakdown 31.12.2025
