Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (200 kB)
Prospectus (1624 kB)
Periodic reports
Sustainability SFDR (1098 kB)
Annual review (PF) (3211 kB)
Semi-annual report (PF) (203 kB)
Marketing material
Brief fund information
Summary SFDR (170 kB)
Handelsbanken Europa Småbolag (A10 EUR)
Legal name: Handelsbanken Europa Småbolag (A10 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 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.
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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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30.06.2025
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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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30.04.2025
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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 09.07.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 54.48 EUR | 1.60% | 0.07% | 23.26% | 13.50% | 13.90% | 26.46% | - |
Portfolio 09.07.2025
Portfolio manager comments — Q2 2025
Fund performance was positive during the second quarter, rising by just over 15% in SEK – approximately 3.5 percentage points better than the benchmark index*.
The quarter began turbulently after the US announced new tariffs against several countries, including the EU and the UK. However, the market gradually recovered as hopes for upcoming trade agreements and signals of interest rate cuts in Europe emerged. We continued to see inflows into the European equity market, partly due to recently announced stimulus packages from the EU and Germany, and partly due to ongoing geopolitical uncertainty. During the period, small caps rebounded and outperformed large caps as a group.
Among the fund’s top contributors were holdings such as Uniphar, Vusion Group, Asmodee, Atalaya Mining, Volex, Heijmans, Persimmon, Diploma and Erste Group Bank. On the negative side, companies such as Innoscripta, Redcare, Boozt, Bakkafrost, and Strix Group weighed on returns.
We invested in new holdings including Rightmove, Thule, Tomra, Camurus, Amplifon, Diasorin, Innoscripta, Robertet, and Genmab. These purchases were primarily financed through the sale of Fortnox, which received a takeover bid at the end of Q1, as well as IP Group, Securitas, Team Internet Group, Valmet, and Fabasoft.
We note that European small caps have started to gain ground against large caps after an unusually long period of relative underperformance. From a historical valuation perspective, we believe European small caps appear more attractive than larger companies.
The EU’s increased focus on reducing regulation and promoting growth and investment is, in our view, a positive development for the region. We also believe that smaller companies are better positioned to implement AI solutions more quickly than larger firms.
The fund’s cautious macroeconomic outlook is supported by the thematic drivers among our holdings, which help drive likely earnings growth for the portfolio even if the economy remains weak.
*Solactive ISS ESG Screened Europe Small Cap Index
Portfolio distribution 30.06.2025
Geographic breakdown 30.06.2025
