Factsheet and Information Brochure
Factsheet
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Fund rules (166 kB)
Prospectus (1616 kB)
Periodic reports
Sustainability SFDR (1074 kB)
Annual review (PF) (3181 kB)
Semi-annual report (PF) (196 kB)
Marketing material
Brief fund information
Summary SFDR (168 kB)
Pre-contractual SFDR
Pre-contractual SFDR (1146 kB)
Handelsbanken Global Selektiv (A1 NOK)
Legal name: Handelsbanken Global Selektiv (A1 NOK)
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 16-36 companies on the global stock markets. Our focus is on constructing a portfolio of high-quality companies with a variety of drivers and strong outlooks at 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 Spotlight
The fund rules will be changed on 10 October 2025.Read more
Fund manager
Viking Kjellström Experience in the fund industry 1996. Portfolio Manager since 1 July 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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30.09.2025
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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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31.07.2025
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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 17.10.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 420.36 NOK | -2.39% | 1.67% | 1.50% | -0.32% | 0.36% | 52.38% | 174.40% |
Portfolio 09.10.2025
Portfolio manager comments — Q3 2025
The market performed very strongly during the third quarter, gaining close to 8%. The fund was unable to keep pace despite several holdings delivering robust performance. One of the prevailing themes during the period was the decline in companies perceived by the market as negatively exposed to AI developments. This impacted holdings in both software and financial services, with examples including Intuit, S&P Global, Cadence Design, TMX, and Descartes, all of which underperformed.
Based on this assessment, the fund divested Cadence Design and ADP. While ADP is classified as a service company, it sells HR software, making it particularly vulnerable in the current environment. At the same time, interest rate cuts in the U.S. propelled high‑risk segments – such as unprofitable and highly cyclical companies – sharply higher.
Automotive manufacturers and component suppliers were notable examples. The fund’s exposure in this area is limited, with Continental being a representative holding; this position was partially realized during the quarter. Beyond general market trends, Tesla contributed significantly to the index gains. As Tesla is excluded under Handelsbanken Fonder’s sustainability screening, the fund maintains a structural underweight in the company, which negatively affected relative returns. From a sector and country perspective, financial services and Canada were the largest negative contributors to performance. On the positive side, the relatively new holding Comfort Systems rose by more than 50% during the quarter. Alphabet, ING, and Broadcom also appreciated strongly. The fund returned to an overweight position in Apple, a move that proved advantageous as the stock rose by nearly 18% in USD from the point of repositioning.
Infineon was added to the portfolio during the quarter. The company is considered high‑quality, and its cyclical segment is assessed to have reached a trough.
Portfolio distribution 30.09.2025
Geographic breakdown 30.09.2025
