Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (171 kB)
Prospectus (1547 kB)
Periodic reports
Sustainability SFDR (1082 kB)
Annual review (PF) (3187 kB)
Semi-annual report (PF) (199 kB)
Marketing material
Brief fund information
Summary SFDR (168 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 manager
David Cederberg Experience in the fund industry 2000. Portfolio Manager since 1 June 2023.
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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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31.03.2025
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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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31.01.2025
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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 17.04.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 34.44 EUR | 3.08% | -6.57% | -4.84% | -1.43% | -4.52% | 37.10% | 24.60% |
Portfolio 16.04.2025
Portfolio manager comments — Q1 2025
Fund performance was negative during Q1 2025. The fund was dominated by two separate market regimes. Initially the market rose sharply, driven by expectations of improvements to the European economy and support from the German stimulus package. The package was negotiated in record time after the election in order to be approved before any change to the parliamentary climate. The market then declined due to concerns about US tariffs as well as signs of weaker consumption in the US, which are factors that can weaken Europe’s economy further instead of contributing to the expected recovery.
The initial upturn benefited primarily those companies with pressure on profitability due to high energy prices, inflation and weak regional demand, i.e., companies with cyclical sensitivity that do not meet the quality requirements in the Selektive fund process. As a result, the fund was unable to fully benefit from the upturn, although the fund outperformed the index during the market’s subsequent weakening in March.
Financial companies were the primary contributors to fund returns in the quarter, with Nordea, BNP Paribas, ING, Deutsche Börse, Air Liquide and Bawag at the forefront.
We reduced the exposure to cyclical companies where we have had solid returns, such as in Siemens, Legrand and Atlas Copco. Schneider Electric and Diploma are the most significant remaining holdings in the fund.
Within the consumer sector we added new holdings in Next, TUI and Zalando, with Next contributing positively after a strong quarterly report.
During Q1 2025 we had an overweight within banks and insurance that yielded strong returns. We currently have a more neutral position due to the greater uncertainty in the macro environment.
*Solactive ISS ESG Screened Europe Index.
Portfolio distribution 31.03.2025
Geographic breakdown 31.03.2025
