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

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LHV World Equities Fund

Net Asset Value
13.4826 EUR
Issue Price
13.4826 EUR
Redemption Price
13.3478 EUR
Fund volume**
5,744,519 EUR
Today
-0.02%
   YTD
12.23%
     1 y
26.53%
     3 y*
6.35%
     5 y*
10.55%
* 3 and 5 years annualised

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Geographic division**

Europe (ex Baltics)
57.22%
Cash
22.69%
USA
14.00%
Baltics
2.43%
Africa
2.13%

Sectoral division**

Industrials
26.48%
Materials
22.99%
Cash
22.69%
Financials
10.51%
Health Care
10.47%
Consumer Discretionary
4.81%
Consumer Staples
2.05%

10 largest investments**

Agnico Eagle Mines
5.33%
Swedbank
4.49%
Barrick Gold Corp
4.25%
TCM Group
4.14%
Siemens Healthineers
3.84%
Sweco
3.63%
UPM-Kymmene
3.58%
Getinge
3.47%
Sampo
3.29%
Tallinna Sadam
3.26%

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 May, we saw growing inflationary pressures in the global economy, which were positive for our investments. Markets were most surprised by the US inflation figure, which rose by 4.2% year-on-year in April. Fund unit value increased by 1%. In a higher inflation environment, our gold positions rose the most. Increased global inflationary pressures raised the price of gold by 7.7% and the share prices of gold mining companies by more than 10%. Gold miners remain one of our largest equity investment as of now. In equity markets general, energy and material companies performed well and banking sector also posted good returns. However, many equity indices declined as fears of inflation risks emerged. Speculative assets, led by cryptocurrencies, fell sharply, with Bitcoin falling 33% during the month. In an environment of rising input prices, we hold fund’s equity positions largely in the commodity and material sector, where we see the best opportunities in the long run. The proximity of the commodity sector to key inputs means that it is one of the few places where corporate profits could increase significantly in the coming years. Fund’s key positions from other sectors remain in the Nordic equity markets. In May, we added shares of Stora Enso, UPM Kymmene, Epiroc and Pan American Silver from our existing positions. From the new positions, we bought the shares of the Chinese e-commerce giant Alibaba, where we took advantage of the weakness in the share price due to the stricter regulatory restrictions. We sold the copper mining company Antofagasta position, whose share price has risen sharply over the past year due to the rise in copper prices.

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Monthly returns of the fund

  2016 2017 2018 2019 2020 2021
01 -7.68% +0.05% +3.37% +7.74% +0.30% +1.27%
02 -2.29% +2.14% -1.84% +2.16% -5.59% +1.12%
03 +4.33% +4.23% -0.60% -0.43% -14.62% +4.38%
04 -1.34% +2.60% +1.62% +4.64% +12.75% +4.06%
05 +2.06% +0.58% -0.87% -7.51% +3.68% +0.96%
06 -6.27% -1.18% -1.78% +4.09% +4.05%
07 +5.84% -0.07% +0.91% -0.85% +3.80%
08 +1.95% +0.24% -0.46% -1.39% +1.44%
09 -0.29% +3.14% -0.21% +2.10% -2.42%
10 +1.24% +2.04% -6.19% +2.29% -2.97%
11 +2.09% -1.76% -0.85% +2.99% +7.59%
12 +4.03% +1.04% -7.38% +3.11% +2.77%
Year +2.73% +13.66% -13.82% +19.42% +8.41%

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

** Details are given on 6/18/2021

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