Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (188 kB)
Prospectus (1382 kB)
Periodic reports
Sustainability SFDR (921 kB)
Annual review (PF) (2859 kB)
Semi-annual report (PF) (193 kB)
Marketing material
Brief fund information
Summary SFDR (143 kB)
Handelsbanken Global Digital (A1 EUR)
Legal name: Handelsbanken Global Digital (A1 EUR)
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 that are considered as being positively affected by the digitalization investment theme. Investments are made globally and the fund thereby has a currency exposure. Digitalization is a theme that can span across several sectors and regions. The fund invests within sectors such as information technology and communication services.
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 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
Niklas Lundin Experience in the fund industry 1989. Portfolio Manager since 1 February 2023.
|
|
||
|---|---|---|---|
|
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.
|
|
|
||
|---|---|---|---|
|
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). |
|
31.05.2024
|
|||
|---|---|---|---|
|
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 |
|---|---|---|---|---|---|---|---|
| 15.39 EUR | -2.66% | -1.91% | 11.28% | 22.05% | 33.36% | - | - |
Portfolio 11.07.2024
Portfolio manager comments — Q2 2024
Fund performance was positive during the quarter and the fund rose 6% in SEK. The positive trend in the equity market continued during Q2, driven by the digitalization and AI theme. Those companies that can already show increased revenues and profitability linked to AI have benefited in particular. The US central bank signaled that inflation is under control and the market is currently pricing in rates cuts for the end of 2024.
Hardware and semiconductor companies, such as Nvidia, TSMC, Apple, Broadcom and Arista, were among the fund’s positive contributors to returns. All of these companies benefit from the development of the infrastructure that supports AI. Holdings such as Alphabet also continue to see high demand for their cloud services, which enable Generative AI in their customers’ IT infrastructure.
During the quarter the fund participated in the IPO of Raspberry Pi, which develops and sells smaller computers for domestic use and integration in industrial equipment. Holdings in Model N and Powerschool received acquisition bids during the quarter and were divested. We sold holdings in Adobe, Salesforce and several other holdings.
The performance for the software company sector has been negative and can be explained by the competition with other AI investments within customers’ IT budgets, together with a weaker economy with higher interest rates and longer sales cycles. We believe that vertical software companies that offer services within a specific area will have better prospects to succeed in the current environment. One such example is Tyler Technologies, which has customers within the public sector and thereby has the potential to fare well.
As in previous quarters, companies within the digitalization theme will continue to be affected by the rapid growth underway within AI. Companies within different sectors are affected to varying degrees, although we expect
Portfolio distribution 30.06.2024
Geographic breakdown 30.06.2024
