Handelsbanken Tillväxtmarknad Tema (A9 SEK)

Legal name: Handelsbanken Tillväxtmarknad Tema (A9 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 equities issued by companies in Asia, Latin America, Africa and Eastern Europe, including the Balkans and the Baltics. As a result, the fund has a currency exposure to 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).

Fund Spotlight

Brasilien Tema (transferring fund) is merged with Tillväxtmarknad Tema (acquiring fund). Merger date is March 15, 2025. Tillväxtmarknad Tema is not affected by the merger.
Read more

Fund manager

Kristoffer Eklund Experience in the fund industry 2008. Portfolio Manager since 1 March 2025.

Risk 4/7

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.

About risk

The risk/return indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on the change in the fund’s value over the past 5 years.

This shareclass belongs to category 4, which means there is a medium risk for up- and downturns in the net asset value. Category 1 does not mean that the fund is risk-free. The fund's risk indicator can change both upwards and downwards on the scale over time, as the indicator is based on historical data that does not guarantee future risk/returns.

An investment in an equity fund is generally characterized by high risk as the value of the equities can fluctuate significantly over time but also has the potential for high returns.

The indicator primarily reflects the upturns and downturns in the value of the fund’s equity investments and fluctuations in exchange rates.

The indicator reflects the most important risks in the fund but excludes the following material risks:

Given that the fund’s investments are concentrated to one region, the fund normally has a higher risk relative to investments that are allocated with a larger geographical distribution and across several regions or countries.

The fund's investment focus entails exposure to markets that frequently have lower liquidity, and the variation in liquidity is considered to be higher relative to more developed markets. This can impact the fund's ability to manage significant outflows at a relatively low cost.

Risks that have not been captured by the risk indicator include: Operational risk - the risk for loss due to unforeseen policy decisions or weaknesses in a country’s securities regulations. This product does not provide any protection from future market performance. You could therefore lose some or all of your investment.

Additional information about the risks may be found in the prospectus available at www.handelsbanken.se/funds.

Total Rating™

31.03.2025

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

SFDR

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).

31.01.2025

Sustainability-
rating

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.

About Sustainabilty rating

The fund complies with the UN Principles for Responsible Investments.

The EU’s SFDR regulation (regulation 2019/2088 on sustainability-related disclosures in the financial services sector) was implemented in 2021 and provides for a standardization in the sustainability reporting for mutual funds. This has reduced the need for other sustainability labels. Accordingly, Handelsbanken Fonder has chosen to remove the fund’s Nordic Swan ecolabel license from December 17.

Graph

Performance

Monthly savings

In percent including distribution in SEK

2025

1 year

3 years

5 years

10 years

Handelsbanken Tillväxtmarknad Tema (A9 SEK) (SEK)

Note that benchmark returns, unlike fund returns, do not take distributions into account. As a result, fund returns are higher than they would otherwise be relative to benchmark.

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Historical rates

Performance

Rate 17.04.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
108.11 SEK	2.05%	-8.18%	-11.02%	-10.92%	-0.22%	28.76%	-

Portfolio 16.04.2025

Portfolio manager comments — Q1 2025

Fund performance was negative in Q1 2025, despite positive contributions from Chinese technology giants such as Alibaba and Tencent. The Chinese equity market rebounded due to progress within artificial intelligence. The domestic AI company DeepSeek accounted for a technological breakthrough that strengthened investor confidence in the country’s technology sector.

Alibaba delivered a strong quarterly report and rose 14% on the reporting day. The company showed strong growth within e-commerce and saw sharp growth within cloud services. In addition, the CEO emphasized that AI is the company’s “primary objective”, which reflects the ongoing race within Chinese technology where companies weigh growth ambitions against profitability requirements. The Brazilian stock exchange operator B3 and the bank Itau also contributed positively to returns. On the negative side was the Taiwanese semiconductor TSMC, which was the most negative contributor to performance in the period. After a strong 2024, Taiwan’s equity market declined during Q1 2025 due to concerns about possible US tariffs and a weaker interest for hardware-related AI. The Indian real estate company Oberoi and the consultancy company TCS also had a negative impact. The Indian market fell sharply from October 2024 until February 2025, after reaching a peak in September. A slight rebound was seen in March, although the market remains below the levels from the autumn.

The fund made several changes during the quarter. The fund sold the positions in the Chinese healthcare company China Medical Systems, the Indian fintech company Paytm, and the Korean battery manufacturer Samsung SDI. Instead, the fund added the Chinese battery manufacturer CATL, the travel platform Trip.com, the Brazilian water- and sanitation company Sabesp, and the Polish bank PKO Bank.

The fund changed its portfolio manager to Kristoffer Eklund on 1 March and during the period the Brasilien Tema fund was merged into the portfolio.

Portfolio distribution 31.03.2025

Geographic breakdown 31.03.2025

Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.