LHV World Equities Fund - Traditional funds - Markets and prices - LHV financial portal

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LHV World Equities Fund

Net Asset Value
11.7098 EUR
Issue Price
11.7098 EUR
Redemption Price
11.5927 EUR
Fund volume**
3,460,951 EUR
Today
0.70%
   YTD
5.67%
     1 y
8.77%
     3 y*
3.51%
     5 y*
4.30%
* 3 and 5 years annualised

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Geographic division**

Europe (ex Baltics)
60.82%
Cash
19.89%
USA
12.34%
Africa
3.58%
Baltics
3.38%

Sectoral division**

Industrials
26.36%
Materials
22.56%
Cash
19.89%
Health Care
12.95%
Financials
10.88%
Consumer Discretionary
4.89%
Consumer Staples
2.46%

10 largest investments**

Agnico Eagle Mines
5.20%
Swedbank
5.19%
Barrick Gold Corp
4.89%
TCM Group
4.87%
Siemens Healthineers
4.76%
Sweco
4.20%
UPM-Kymmene
3.74%
Getinge
3.60%
Sampo
3.58%
Tallinna Sadam
3.50%

News

Fund Strategy


The LHV World Equities Fund invests in equity markets around the world. The fund’s portfolio is spread across developed markets (e.g. Western Europe, the US, Japan) as well as emerging markets (e.g. Asia, Latin America, Eastern Europe).

The fund is suitable for investors interested in long-term equity investment opportunities.

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Fund Manager’s Comments

For stock markets, October was a negative month as markets were under a selling pressure in anticipation of US presidential elections and investors were reducing risks entering November. Fund share decreased by 3% over the month.   Looking ahead, we do not think the presidential elections will considerably change out investment strategy as we have built our positions around long term trends. Politics is often overstated as stock prices are first and foremost driven by earnings.   In current environment we see opportunities in Scandinavian industrial enterprises, financial sector and in global commodity sector, in which we have taken new positions in. From commodity sector we purchased mining automation technology producers Epiroc and Metso Outetec stocks. As metal prices have gone up over the years, the mining sector investments have followed and we expect the mining technology producers to be the biggest beneficiaries.   Further, we purchased foresting machinery producer Ponsse and cellulose, packaging and paper sector technology producer Valmet stocks. Wood as renewable packaging material has attractive long term growth in which both companies thrive in.   From growth stocks we purchased Swedish medical technology producer Bactiguard stocks. The company is producing a special metal alloy which reduces the spread of bacteria on top of medical devices. It is a smaller company that offers very interesting long term potential.   In order to hedge risks, we took a position in gold miner AngloGold. We consider gold miners to offer good protection against central banks exceptional monetary policy and governments borrowing boom, which all have eventually created inflationary pressures in the economy.   By the end of October, the fund has invested 20% of its assets in global gold or copper related positions. Remaining has been invested mostly in Swedish and German medical technology sector, Finnish foresting sector, Nordic financial sector or Scandinavian domestic consumption-related single stocks. Cash makes up fifth of fund assets and we intend to invest it in commodity sector and in Scandinavian single stocks.    

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Monthly returns of the fund

  2015 2016 2017 2018 2019 2020
01 +2.49% -7.68% +0.05% +3.37% +7.74% +0.30%
02 +7.75% -2.29% +2.14% -1.84% +2.16% -5.59%
03 +1.54% +4.33% +4.23% -0.60% -0.43% -14.62%
04 -1.78% -1.34% +2.60% +1.62% +4.64% +12.75%
05 +1.70% +2.06% +0.58% -0.87% -7.51% +3.68%
06 -1.85% -6.27% -1.18% -1.78% +4.09% +4.05%
07 +2.71% +5.84% -0.07% +0.91% -0.85% +3.80%
08 -4.73% +1.95% +0.24% -0.46% -1.39% +1.44%
09 -4.00% -0.29% +3.14% -0.21% +2.10% -2.42%
10 +6.40% +1.24% +2.04% -6.19% +2.29% -2.97%
11 +4.49% +2.09% -1.76% -0.85% +2.99%
12 -3.15% +4.03% +1.04% -7.38% +3.11%
Year +11.21% +2.73% +13.66% -13.82% +19.42%

Management company:
AS LHV Varahaldus
Tartu mnt 2, 10145 Tallinn
+372 6 800 400, info@lhv.ee

The management company does not own fund units.

Management Board: Vahur Vallistu and Joel Kukemelk

Fund Manager: Mikk Taras
Fund unit:
Nominal value: 10 euros
ISIN: EE3600092417
Registrar: AS LHV Pank


Launched: 13 February 2008
Type: UCITS IV
Fees:
Issue Fee 0%
Management Fee 2%
Redemption Fee (LHV Bank) 1%

Depositary:
AS SEB Pank
Tornimäe 2, 15010 Tallinn
+372 665 5100, info@seb.ee