Handelsbanken Norden Selektiv (B9 EUR)

Legal name: Handelsbanken Norden Selektiv (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 16 to 35 equities issued by companies in Denmark, Finland, Norway and Sweden and thereby has a currency exposure in these markets. The fund's strategy is to create good returns over time through long-term investments.

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

Yvonne Sörberg Experience in the fund industry 1994. Portfolio Manager since 20 May 2019.

Risk 4/7

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.

About risk

The risk/return indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on the change in the fund’s value over the past 5 years. Given that the fund does not have five years of historical performance, the risk indicator has been estimated based on the fund’s benchmark index (see above under the heading, Objectives and Investment Focus).

This shareclass belongs to category 4, which means there is a medium risk for up- and downturns in the net asset value. Category 1 does not mean that the fund is risk-free. The fund's risk indicator can change both upwards and downwards on the scale over time, as the indicator is based on historical data that does not guarantee future risk/returns.

An investment in an equity fund is generally characterized by high risk as the value of the equities can fluctuate significantly over time but also has the potential for high returns.

The indicator primarily reflects the upturns and downturns in the value of the fund’s equity investments and fluctuations in exchange rates.

The indicator reflects the most important risks in the fund but excludes the following material risks:

Given that the fund’s investments are made in a limited number of regions or issuers, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution and across a larger number of issuers.

The fund's investment focus means that the fund may have significant exposure to a limited number of equities, which can result in lower liquidity than if the fund had a greater number of holdings. This can impact the fund's ability to manage significant outflows at a relatively low cost.

This product does not provide any protection from future market performance. You could therefore lose some or all of your investment.

Additional information about the risks may be found in the prospectus available at www.handelsbanken.se/funds.

Total Rating™

Given that the fund has less than three years of performance history, it is not rated.
Read more about the fund's rating

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).

Sustainability-
rating

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

Monthly savings

In percent including distribution in EUR

2025

1 year

3 years

5 years

10 years

Handelsbanken Norden Selektiv (B9 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.

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Historical rates

Performance

Rate 04.02.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
10.02 EUR	0.10%	-	-	-	-	-	-

Portfolio 15.01.2025

Portfolio manager comments — Q4 2024

Fund performance was negative in Q4. Several of the fund’s holdings within technology and banks posted strength and the Danish IT consultancy Netcompany contributed positively on the back of good results for the period with stable growth and higher than expected margins. Handelsbanken and DNB also contributed as the net interest income remained at a good level. DNB also announced an acquisition of the investment bank Carnegie to broaden its operations and expand within commission-based revenues. The medical technology company Embla, which is a leader within advanced prosthetics, contributed positively after a strong report.

Fund returns were primarily weighed down by the holding in Novo Nordisk after a Phase 3 clinical trial for Cagrisema, a new obesity drug, did not meet the high expectations set by the market and the company. The holding in manufacturing companies, such as Nibe, Kone and Sandvik, had a negative impact on returns due to further weak demand within their end markets.

The fund added a new holding in Autoliv during the quarter. The company showed stable earnings during Q3 despite weak auto production. Autoliv is a supplier of safety equipment that is less affected by the technology choices made in the transition to lower emissions but benefits from increased safety requirements. We increased the holding in Danish Novonesis as the company is showing further strong organic growth for biosolutions, enzymes and microbes that are used in consumer products as well as in industrial and agricultural processes. At the same time, we decreased the holdings in banks, Assa Abloy and Volvo after a period of strong share price performance.

For the upcoming reporting period we will continue to focus on investee companies that have sustainable business models and competitive offers with sustainable growth.

Portfolio distribution 31.12.2024

Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.