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

Technical error!

LHV World Equities Fund

Net Asset Value
11.5202 EUR
Issue Price
11.5202 EUR
Redemption Price
11.4050 EUR
Fund volume**
3,618,294 EUR
Today
-0.37%
   YTD
3.96%
     1 y
11.47%
     3 y*
3.29%
     5 y*
5.22%
* 3 and 5 years annualised

Error

Geographic division**

Europe (ex Baltics)
53.67%
Cash
25.95%
USA
11.48%
Baltics
3.33%
market.fund.lhv.data.geographical_partition.d328411b-d12f-454a-a653-b8f4250da20a.world
3.11%
Asia
2.46%

Sectoral division**

Cash
25.95%
Industrials
23.35%
Materials
20.19%
Financials
11.02%
Health Care
9.58%
Consumer Discretionary
7.35%
Consumer Staples
2.55%

10 largest investments**

market.fund.lhv.data.investment_top.6d2d0bf1-fe9d-4c65-968a-ada1537453ea.world
5.26%
market.fund.lhv.data.investment_top.61b378e7-0c58-4f5f-8a22-9eda33289041.world
5.06%
market.fund.lhv.data.investment_top.d4d386a0-0097-405b-88c1-b6b379d952af.world
5.06%
market.fund.lhv.data.investment_top.b16bdec4-35c2-4ddb-92ce-d3a256f510e7.world
4.89%
market.fund.lhv.data.investment_top.a74a9f21-10d9-4672-8d54-eaffc717eda1.world
4.82%
market.fund.lhv.data.investment_top.f7631560-4c04-4440-9b54-0a1be724a1bb.world
4.71%
market.fund.lhv.data.investment_top.8410ad56-3fad-47b3-8028-027ccc4b35a2.world
3.59%
market.fund.lhv.data.investment_top.6c7960bd-f7a3-4a21-9f11-bf13934ee030.world
3.56%
market.fund.lhv.data.investment_top.a937ec26-db5a-4f33-94ab-2e8b0bf95ecd.world
3.33%
market.fund.lhv.data.investment_top.2562d62a-f364-4e47-9d85-07b349ca7571.world
3.11%

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

In July, fund investments continued to rebound from the covid19 crises and unit valued increased by 3.8%. Larger contributors to fund unit value growth were Sweco, Swedbank, Neles and Metso Outotec. Best performer among the gold miners position was Agnico Eagle Mines. Extraordinary times in the economy and politics supported the price of gold in July, which rose by more than 10%. Gold is an asset class that has undergone one of the largest increases – on the markets and in our fund – where global gold mining companies are our largest equity position. We expect the long-term trends that have boosted gold, the most important of which we consider to be negative real interest rates, to remain in place for years. Based on these trends, we continue to see persistent excellent long-term value in gold mining companies. To mitigate risks in the current market environment, we wish to keep 15–20% of equity risk in well-managed individual gold mining company shares. Next to gold, the dollar made the largest movement in July, becoming 5% cheaper relative to the euro in one month, and decreasing against all other major currencies. In our assessment, the strength of the euro relative to the dollar is supported by the financial status of European superpowers, the political situation and the more successful fight against the coronavirus crisis. This is why we keep a minimum dollar risk in the fund. Our larger individual company equity positions are in Scandinavian listed companies, where economic activity has recovered to normal levels in many industries. Forest industry companies Stora Enso and UPM Kymmene Q2 results showed that demand for packaging materials remains strong in the current economic environment. Swedbank revenue base remained stable. Swedish construction projecting company Sweco has received many public investment project to its pipeline. Norway’s discounter Europris posted strong organic growth numbers. In July, we bought to the fund Swedish medtech company Getinge and Elekta shares. Both companies derive a large recurring revenue from their service business that offers stability to the income base.    

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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%
10 +6.40% +1.24% +2.04% -6.19% +2.29%
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: Mihkel Oja 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