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Brief fund information
Handelsbanken Amerika Tema (B9 EUR)
Legal name: Handelsbanken Amerika Tema (B9 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 primarily in equities issued by companies in the US as well as in Canada and Mexico. 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).
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
Niklas Lundin Experience in the fund industry 1989. Portfolio Manager since 1 February 2018.
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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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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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The fund does not have a sustainability rating. This can in part be due to that fund has not had a fund portfolio in which 67% of the holdings have been able to be analyzed over the most recent 12 months. Another reason can be that there are fewer than 30 funds in the same global Morningstar category that could be evaluated pursuant to the above. The rating is developed by the independent fund information company Morningstar. The fund complies with the UN Principles for Responsible Investments. |
Graph
Performance
| Rate 04.02.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 9.88 EUR | 0.30% | - | - | - | - | - | - |
Portfolio 15.01.2025
Portfolio manager comments — Q4 2024
Fund performance was positive during Q4 and the fund rose just over 10% in SEK. Q4 dealt largely with the US presidential election and the implications that a Trump administration will have on various parts of the economy. US small caps initially reacted very positively in conjunction with the election, driven by expectations of strong domestic demand, deregulation and tax cuts. However, the large technology companies took over the lead during December after market sentiment about the digitalization theme turned positive with the strong report by the technology company Broadcom. The equity posted strength after an unexpectedly strong vision for the future in AI and the company’s opportunity of being a key player within the theme.
Fund returns benefited from the strong performance of several of the holdings within the digitalization theme, such as Broadcom, Alphabet and Amazon. The software companies ServiceNow and Descartes also posted strength. The industrial company Core & Main and the furniture company Williams-Sonoma performed well on the back of unexpectedly strong reports. The fund also benefited from a strong USD relative to the SEK.
Fund returns were negatively affected primarily by companies within the healthcare sector, including Cooper and Halozyme. During the quarter Halozyme announced its plans for a larger acquisition, which contributed to the equity’s weak performance. After the presidential election several of the fund’s holdings with a defensive character showed a downturn, which included the energy company Nextera and the healthcare company Merck,.
New holdings included Uber, the consultancy firm EXL Service, the software company Oracle and the industrial company Carlisle. We believe that the concerns about the impact of self-driving cars on Uber are overstated. EXL Service and Oracle offer attractive opportunities within the AI sector. We also invested in Simply Good Foods to increase exposure to more defensive equities.
The fund continues to hold high-quality companies with exposure to structurally strong themes, such as re-shoring, electrification and digitalization.