Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (171 kB)
Prospectus (1363 kB)
Periodic reports
Sustainability SFDR (929 kB)
Annual review (PF) (2875 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.
|
|
||
|---|---|---|---|
|
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.
|
|
31.10.2024
|
||
|---|---|---|---|
|
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). |
|
30.09.2024
|
|||
|---|---|---|---|
|
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 22.11.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 35.71 EUR | 1.05% | -2.88% | -4.93% | 1.85% | 7.53% | 26.50% | 54.92% |
Portfolio 16.10.2024
Portfolio manager comments — Q3 2024
Fund performance was negative during Q3. The key contributor to returns was DSV, which was largely affected by its successful bid on DB/Schenker. Positive contributors also included defensive holdings in Compass Group and Deutsche Börse, as well as companies with focus on Western markets, such as JD Sports, Ashtead and Experian. In addition, companies with construction exposure were valued upwards ahead of brighter prospects, where we have exposure through Sika and have recently added Legrand to the portfolio. We saw significant declines in valuations at the start of the quarter for major growth companies such as ASML, Infineon and Novo Nordisk, as well as within the luxury segment where the competition’s weakness overshadowed the stable results from Richemont and L'Oréal. The political uncertainty that continues to weigh on the stock market in France has left a deep negative imprint on Edenred, despite earnings trends and outlooks that indicate stable growth. Returns at the end of the quarter were weighed down by Rentokil’s announcement that improvements in the acquired Terminix were not proceeding as anticipated.
The changes in the risk factors in the European market have led to an adjustment to the portfolio risk. For example, we sold JD Sports, which is showing higher volatility and additional acquisition risk, and instead added Inditex to the portfolio. We also took a position in Autoliv, where we believe that the current valuation does not reflect the company’s underlying stability and cash generation even though the short-term market outlooks are uncertain. We expect the solid earnings trends in the holdings to generate higher returns ahead and the convergence of the covariance we saw in Q3 to normalize and return to a financial performance that will drive valuations upward.
Portfolio distribution 31.10.2024
Geographic breakdown 31.10.2024
