Factsheet and Information Brochure
Factsheet
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Fund rules (190 kB)
Prospectus (1180 kB)
Periodic reports
Sustainability SFDR (875 kB)
Annual review (PF) (2827 kB)
Semi-annual report (PF) (200 kB)
Marketing material
Sustainability profile
Brief fund information
Summary SFDR (164 kB)
Handelsbanken Hälsovård Tema (A10 NOK)
Legal name: Handelsbanken Hälsovård Tema (A10 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 globally in equities issued by companies within the healthcare sector. As a result, the fund has a currency exposure to these markets. The healthcare sector refers to the pharmaceutical, medical technology, biotech, service and other healthcare-related branches.
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.
The fund is reported as an Article 9 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
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.
The fund is reported as an Article 9 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
Fund manager
Christopher Sundman Experience in the fund industry 1987. Portfolio Manager since 1 August 2022.
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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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The fund has sustainable investments as its objective. Accordingly, the fund invests in companies with products and services that are considered as contributing positively to the direct fulfillment of one or several of the targets in Agenda 2030. Refer to the fund's prospectus for additional information. The fund is reported as an Article 9 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR). Read more |
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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 |
|---|---|---|---|---|---|---|---|
| 530.74 NOK | 1.00% | 7.74% | 10.08% | 25.38% | 28.64% | 142.68% | - |
Portfolio 11.07.2024
Portfolio manager comments — Q2 2024P
Fund performance was positive in Q2 and the fund rose close to 2% in SEK, benefitting in particular from the holdings in Eli Lilly, Novo Nordisk and Zealand Pharma, which rose sharply after the major breakthrough made by the obesity drugs. Zealand Pharma published results at the end of the quarter from a Phase 1 study for its drug candidate Petrelintide that showed a weight loss of -8.6% after 16 weeks, which contributed to a strong share price upturn of just over 20%.
Three of the fund’s holdings, Shockwave Medical, Alpine Immune and Calliditas, were acquired at a significant premium during the quarter. We believe the acquisition activity among several major pharmaceutical companies can continue as a result of the declining interest rates and the need for companies to supplement the pipeline after patent expirations to ensure further growth. The fund has a number of smaller positions in exciting research companies that can be interesting for acquisitions if they attain their research targets.
On the negative side, Thermo Fisher posted weaker performance after the competitor Sartorius reported weak results and outlooks for 2024. Dexcom, which posted relatively strong performance in Q1, also showed slightly weaker performance after publishing full-year guidance that was below market expectations.
Returns thus far have been very strong in both absolute and relative terms. We expect the positive performance to continue given that several interesting study results are expected throughout the remainder of the year and the long-term needs for healthcare worldwide are significant.
Portfolio distribution 30.06.2024
Geographic breakdown 30.06.2024
