Factsheet and Information Brochure
Factsheet
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Fund rules (191 kB)
Prospectus (1363 kB)
Periodic reports
Sustainability SFDR (925 kB)
Annual review (PF) (2874 kB)
Semi-annual report (PF) (199 kB)
Marketing material
Sustainability profile
Brief fund information
Summary SFDR (168 kB)
Handelsbanken Amerika Tema (B1 SEK)
Legal name: Handelsbanken Amerika Tema (B1 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 primarily in equities issued by companies in the US as well as in Canada and Mexico. As a result, the fund has a currency exposure to 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).
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).
Fund manager
Niklas Lundin Experience in the fund industry 1989. Portfolio Manager since 1 February 2018.
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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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31.10.2024
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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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30.09.2024
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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 20.11.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 1,636.18 SEK | -1.95% | 3.57% | 8.86% | 31.44% | 34.15% | 133.65% | 371.46% |
Portfolio 16.10.2024
Portfolio manager comments — Q3 2024
The US stock market stood more or less still during the quarter, which can give the impression that the period was calm. Nothing could be further from the truth. Q3 was eventful and was marked by the drama around the presidential election as well as the start of the anticipated cuts to interest rates, with the target of achieving a soft landing for the economy. The presidential election and increased concerns about a recession has created uncertainty in the market, which resulted in the movement of capital from the year’s winner – major technology companies – to sectors that have lagged behind.
The market has also begun to question the returns on investments in generative AI. At the same time, the expansion of AI infrastructure is continuing at a rapid pace, which requires significant amounts of energy. Holdings with exposure to the construction of energy for data centers, such as Nextera and Quanta Services, therefore posted strength during the period.
Examples of notable equities that have rebounded after a weaker period include Cooper and Dynatrace, which both delivered reports that were sufficiently strong to improve the sentiment and contribute positively to fund returns. Alphabet, which has performed strongly for some time, has been put under pressure due to concerns about increased regulations and tough competition for Google’s search engine from AI-generated searches. We agree with the concerns to some extent and have lowered the exposure during the quarter. Another holding, Edwards Lifesciences, posted weak performance after lowering its growth forecast, which led us to sell a significant portion of the position.
There are clear reasons for the interest rate cut by the US central bank: signs of a weakened economy are becoming more evident. As a result of this, the fund sold a portion of the cyclical holdings, such as Willscott and Nextracker. We also sold the software company Pagerduty, which continues to be affected by decreased investments being made by their customers. We made a strategic reallocation within the digitalization of the construction sector theme. Within this theme, we replaced Autodesk with Bentley Systems, which in our assessment has a stronger growth potential over the long term.
Portfolio distribution 31.10.2024
Geographic breakdown 31.10.2024
