Handelsbanken Euro Ränta (A9 EUR)

Legal name: Handelsbanken Euro Ränta (A9 EUR)
Bond 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.

Fact sheet and documents Print page
Factsheet and Information Brochure
Factsheet 
Target Market
Costs and charges
Fund rules (192 kB)
Prospectus (1359 kB)
Periodic reports
Sustainability SFDR (925 kB)
Annual review (PF) (2859 kB)
Semi-annual report (PF) (190 kB)
Marketing material
Brief fund information 
Summary SFDR (170 kB)
The fund invests in interest-bearing securities, denominated in EUR, that are issued by states and companies. The fund's assets are invested in interest-bearing financial instruments with high credit worthiness, so-called Investment Grade. The average remaining fixed interest period of the fund's investments is a maximum of 1 year.

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).
Klas Wennerstein

Fund manager

Klas Wennerstein Experience in the fund industry 2014. Portfolio Manager since 1 April 2023.
Risk: 1/7
Risk  1/7
 
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.
Rating: 3
Total Rating™ 
31.10.2024
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
EuapIndicator:1
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).
  30.09.2024
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.

The fund complies with the UN Principles for Responsible Investments.

Graph

In percent including distribution in EUR
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Handelsbanken Euro Ränta (A9 EUR) (EUR)

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.

Performance

Rate 20.11.2024 1 week 1 month 3 months 2024 1 year 5 years 10 years
208.49 EUR 0.04% 0.31% 1.10% 3.92% 4.70% - -

Portfolio 17.10.2024

Portfolio manager comments — Q3 2024
Fund performance was positive in Q3 and rose close to 1% in SEK. The global credit market continued to show strength in the quarter despite an eventful period. Contributing factors included occasional high volatility in the market related to the unwinding of the carry trade in yen and valuation corrections within the “Magnificent 7” that were stabilized by the central banks’ rate cuts.

We continue to see a weaker global economic growth, which can be affected by each data point going forward. In the latter part of the quarter we saw clear signs of a weaker automotive industry, with Germany at the forefront and profit warnings acknowledging this. The geopolitical situation has also weakened, primarily in the Middle East, although this has had a limited impact on the market thus far.

We made a slight increase to the fund’s duration during the period to balance the higher geopolitical risks. The lower market rates were the strongest contributors to the fund’s positive performance. We continue to see some premium for senior bonds within the financial sector. As a result, we increased the proportion of these assets during the quarter.

Portfolio distribution 31.10.2024

Geographic breakdown 31.10.2024

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