Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (186 kB)
Prospectus (1569 kB)
Periodic reports
Sustainability SFDR (1078 kB)
Annual review (PF) (3182 kB)
Semi-annual report (PF) (200 kB)
Marketing material
Brief fund information
Summary SFDR (168 kB)
Handelsbanken Japan Tema (B1 SEK)
Legal name: Handelsbanken Japan Tema (B1 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 Japan and thereby has a currency exposure to this market.
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).
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 manager
Hiromi Okazawa Experience in the fund industry 2002. Portfolio Manager since 1 January 2024.
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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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31.03.2025
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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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31.01.2025
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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 17.04.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 99.43 SEK | -1.31% | -8.62% | -15.81% | -16.56% | -11.18% | - | - |
Portfolio 16.04.2025
Portfolio manager comments — Q1 2025
Fund performance was negative during Q1 2025. The Japanese market was marked by volatility within semiconductor equities, global trade tensions and a divergent performance between large and small caps. In January, a “DeepSeek chock” from China unleashed a sharp share price decline for NVIDIA, which also had a negative impact on Japanese semiconductor equities. The US government implemented further tariffs in March on imports of steel and aluminum, as well as automobiles, which negatively affected Japan’s largest export industry.
Focus was shifted to domestic sectors with stable demand, such as IT services, gaming and real estate to avoid the uncertainty about Trump’s trade policy, which has had a significant impact on foreign trade. Companies within the mid-sized and small cap segments also benefited from this shift.
At the same time, Bank of Japan (BOJ) raised the key rate from 0.25% to 0.5% in January, while the European Central Bank headed in the opposite direction and cut its interest rate. The Japanese 10-year government bond yield reached its highest level in 15 years, driven by expectations of further rate hikes.
This contributed to higher valuations for banks and insurance companies, not simply because of their strong profitability within the core operations.
The fund increased its holdings within IT services and domestic consumption. The purchased equities included NEC and Sun Corp within the IT sector, as well Kobe Bussan and Pan Pacific International within the consumer sector.
However, we sold our position in the auto parts company Denso and reduced the exposure to electric components. We also participated in the IPO of JX Advanced Metal at a discounted price on the first indicative price. The company has expertise within advanced semiconductor materials and has established a dominant position in a growth niche with high barriers of entry.
The fund will continue to selectively identify equities with exposure to the growth theme.
Portfolio distribution 31.03.2025
Geographic breakdown 31.03.2025
