Factsheet and Information Brochure
Factsheet
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Fund rules (166 kB)
Prospectus (1575 kB)
Periodic reports
Sustainability SFDR (1082 kB)
Annual review (PF) (3187 kB)
Semi-annual report (PF) (197 kB)
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Brief fund information
Summary SFDR (168 kB)
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Pre-contractual SFDR (1090 kB)
Handelsbanken Europa Selektiv (A1 EUR)
Legal name: Handelsbanken Europa Selektiv (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 16-35 equities over the long term that are issued by European companies and thereby has a currency exposure to these markets. Our focus is to construct a portfolio of high-quality companies with a variety of drivers and good outlooks and a reasonable valuation.
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 Spotlight
From March 18, the fund will broaden its investment strategy and change its name to Handelsbanken Europa. In connection with the change, the management fee will be reduced.Read more
Fund manager
Susanna Urdmark Experience in the fund industry 1996. Portfolio Manager since 1 February 2026.
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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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31.12.2025
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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 |
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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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31.10.2025
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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 06.02.2026 | 1 week | 1 month | 3 months | 2026 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 39.25 EUR | -0.33% | 0.93% | 6.46% | 1.95% | 5.80% | 33.59% | 69.84% |
Portfolio 26.01.2026
Portfolio manager comments — Q4 2025
The fund delivered positive performance during the fourth quarter, rising by just over 3% in SEK, which was slightly weaker than the benchmark index*. The main reason was negative allocation effects between sectors, while stock selection contributed positively to results.
The fund was overweight the financial sector, which performed positively during the period, although returns were somewhat weaker than the broader market. Within healthcare, strong selection of individual companies contributed positively to fund performance.
Among the holdings that contributed most positively to fund performance were Capgemini, Rentokil, and Inditex. Capgemini performed strongly after the company raised its guidance for full year revenue growth and reported better than expected results for the third quarter. Strategic acquisitions within cloud and automation services strengthened the company’s long term growth profile and contributed to improved market sentiment.
Rentokil reported strong performance in North America, where both revenue and organic growth exceeded expectations. This was followed by positive analyst revisions, supporting the share price. Inditex also performed very well following a strong quarterly report, with both sales growth and operating profit exceeding market expectations.
On the negative side, fund performance was primarily impacted by Beazley, Air Liquide, and Legrand. Beazley came under pressure after third quarter premium income fell short of expectations, particularly within cyber insurance. The market also reacted to signals of deteriorating profitability in the US cyber insurance market.
Air Liquide underperformed after reporting slightly weaker than expected revenue growth, particularly within its Gas & Services business. At the same time, the company carried out a large bond issuance related to an ongoing acquisition, increasing focus on leverage and investment risks. Legrand also performed weakly after organic sales growth in the third quarter came in below expectations, despite continued strong demand for data center related products.
The fund is well positioned from a risk perspective, without significant risk concentrations. New holdings include UBS and Unilever, which contribute to a balanced risk profile. UBS benefits from improved capital requirements and strong growth in Asia, while Unilever, with significant exposure to emerging markets, is expected to strengthen its growth profile following completed divestments.
* Solactive ISS ESG Screened Europe Index NTR
Portfolio distribution 31.12.2025
Geographic breakdown 31.12.2025
