Factsheet and Information Brochure
Factsheet
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Prospectus (1268 kB)
Periodic reports
Sustainability SFDR (877 kB)
Annual review (PF) (2823 kB)
Semi-annual report (PF) (191 kB)
Marketing material
Brief fund information
Summary SFDR (144 kB)
Handelsbanken Hållbar Global High Yield (A9 SEK)
Legal name: Handelsbanken Hållbar Global High Yield (A9 SEK)
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.
The fund is an actively-managed fixed income fund that invests in green and/or social bonds in which the borrowed capital is used for projects and activities to promote efforts related to sustainability and the environment or in bonds issued by issuers that support a sustainable development in line with the Sustainable Development Goals. The fund invests worldwide in bonds with lower creditworthiness, so-called high yield, which results in higher risk as well as a greater potential for returns. The fund has an average duration between 2 and 6 years and the holdings are hedged in SEK.
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 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
Klas Wennerstein Experience in the fund industry 2014. Portfolio Manager since 24 May 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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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 19.07.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 110.29 SEK | 0.23% | 1.15% | 2.52% | 3.79% | 8.69% | - | - |
Portfolio 11.07.2024
Portfolio manager comments — Q2 2024
Despite a number of challenges, fund performance was positive in Q2. Focus has been on the global inflation rate and the measures taken by the central banks. The US inflation has been more persistent than expected and has led the market to adjust its expectations for rate cuts from the US central bank, the Fed. Instead of the cuts that were expected at the beginning of the year, the market is now questioning whether there will be any cuts during the year.
This has led to rising interest rates and slightly weaker stock markets, while geopolitical risks are expected to remain significant going forward. Despite these challenges, the risk sentiment in the credit market has been positive. Issuing activity with the High Yield market was high, particularly for green and sustainable issues.
The fund has held a relatively neutral duration but has chosen to increase this slightly during the summer due to geopolitical risks and inflation outlooks. The credit risk in the fund has also risen with investments in new companies within renewable energy (Sunnova Energy Corporation) and real estate (CPI Property Group SA), where the pricing is considered to be attractive. These investments, together with the Danish energy company European Energy AS, were the strongest contributors to the fund’s positive performance. The Norwegian company BEWI ASA, which has a significant exposure to the new construction of real estate.