Factsheet and Information Brochure
Factsheet
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Fund rules (164 kB)
Prospectus (1387 kB)
Periodic reports
Sustainability SFDR (927 kB)
Annual review (PF) (2868 kB)
Semi-annual report (PF) (199 kB)
Marketing material
Brief fund information
Summary SFDR (143 kB)
Handelsbanken Norden Selektiv (A10 SEK)
Legal name: Handelsbanken Norden Selektiv (A10 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 16 to 35 equities issued by companies in Denmark, Finland, Norway and Sweden and thereby has a currency exposure in these markets. The fund's strategy is to create good returns over time through long-term investments.
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 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
Yvonne Sörberg Experience in the fund industry 1994. Portfolio Manager since 20 May 2019.
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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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30.06.2024
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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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31.05.2024
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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 22.07.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
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| 830.44 SEK | 1.22% | 3.13% | 8.24% | 15.53% | 22.80% | 94.45% | - |
Portfolio 11.07.2024
Portfolio manager comments — Q2 2024
Fund performance was positive during Q2 and the fund rose close to 2% in SEK. The holding in Nibe was weighed down by the weak market for heating pumps in Europe due to persistently high inventories in the distribution chain, declining gas prices and lower subsidies. The inventory situation should be rebalanced during the end of the year and there is a further need for energy transition that is assisted by effective climate solutions over the long term. Fund returns were also weighed down by the holding in the installation company Bravida when an incident of over-billing by one of the company’s businesses was reported and confirmed. We have a close dialogue with management regarding the company’s measures to strengthen internal routines and processes, which will be followed up.
The significant holdings in Volvo and Sandvik also weighed on returns, while ABB and Sweco contributed positively. Pharmaceutical and financial companies such as Novo Nordisk, AstraZeneca, Topdanmark and SEB were the strongest contributors to returns. Both Novo Nordisk and AstraZeneca held capital market days during the spring and had positive outlooks. Topdanmark received an acquisition bid from Sampo.
During the quarter the fund added a new holding in Danish Coloplast, a global medical technology company with a leading position within ostomy and incontinence care, as well as global operations within wound care and urology. We decreased positions primarily in Novo Nordisk, DNB and AstraZeneca after strong share price performance. The smaller holdings in Thule and Indutrade were sold, primarily due to valuations. For the upcoming reporting period we will continue to focus on investee companies that have sustainable business models and competitive offers with sustainable growth even in a weaker economy.
Portfolio distribution 30.06.2024
Geographic breakdown 30.06.2024
