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

Technical error!

LHV World Equities Fund

Net Asset Value
13.4779 EUR
Issue Price
13.4779 EUR
Redemption Price
13.3431 EUR
Fund volume**
7,408,541 EUR
Today
0.48%
   YTD
-4.97%
     1 y
9.81%
     3 y*
10.11%
     5 y*
6.85%
* 3 and 5 years annualised

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Geographic division**

Europe (ex Baltics)
57.45%
Cash
19.87%
USA
19.36%
Baltics
1.76%
Africa
1.57%

Sectoral division**

Industrials
31.93%
Materials
24.74%
Cash
19.87%
Health Care
5.03%
Consumer Staples
4.53%
Financials
4.48%
Information Technology
4.11%
Consumer Discretionary
3.25%
Infrastructure
2.08%

10 largest investments**

Agnico Eagle Mines
4.31%
Swedbank
4.08%
Barrick Gold Corp
3.65%
TCM Group
3.62%
Siemens Healthineers
3.52%
Sweco
3.42%
UPM-Kymmene
3.30%
Getinge
3.25%
Sampo
3.15%
Tallinna Sadam
3.13%

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 the last month of the year, all major equity positions in the fund continued to rise, the Funds unit value increased by 3.3% during the month and ended the year with a return of 18.1%. Over the year, our Nordic equity positions contributed the most to the unit value increase. The biggest gainer in the fund was the share of the Swedish medical technology company Getinge, which rose 102%. Among the Nordic equities, the most important gainers in the fund were the shares of Swedbank, Epiroc, Valmet, Ponsse, TCM Group, Wärtsilä and Sampo. We continue to hold equity positions in the well-managed Nordic listed companies. By sectors, we have diversified investments between different topics, of which the most important are the Swedish mining and medical technology companies, the Finnish forest industry companies and the Nordic energy groups. The funds three largest investments in the Nordic countries are UPM-Kymmene, Epiroc and Sandvik. We are focusing on opportunities in the commodities sector in the larger stock markets. The funds largest investments in US equity markets are copper miner Freeport McMoran and gold miner Barrick Gold. In the macroeconomy, we expect a strong consumption environment to continue. Global growth should be supported by the return of services, which remains below pre-pandemic levels in many sectors. As companies have underinvested in commodity markets and material production in the old economy for years, demand should continue to outstrip supply of goods. This means that inflation will continue to be uncomfortably high and major central banks will do first increases in key interest rates in this economic cycle. Uncomfortably high inflation and a change in the direction of monetary policy are probably the main risk areas that could shake the financial markets in the current year. The fund will certainly not be left untouched by short-term fluctuations, but in order to hedge the risks, we have invested primarily into strong Nordic industrial companies and the commodity sector. If the risks materialize, we expect companies with existing profits and real assets to withstand market fluctuations better than companies that are loss-making and expected to show high profits in the future.

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Monthly returns of the fund

  2017 2018 2019 2020 2021 2022
01 +0.05% +3.37% +7.74% +0.30% +1.27%
02 +2.14% -1.84% +2.16% -5.59% +1.12%
03 +4.23% -0.60% -0.43% -14.62% +4.38%
04 +2.60% +1.62% +4.64% +12.75% +4.06%
05 +0.58% -0.87% -7.51% +3.68% +0.96%
06 -1.18% -1.78% +4.09% +4.05% -0.18%
07 -0.07% +0.91% -0.85% +3.80% +2.20%
08 +0.24% -0.46% -1.39% +1.44% -0.73%
09 +3.14% -0.21% +2.10% -2.42% -3.72%
10 +2.04% -6.19% +2.29% -2.97% +5.85%
11 -1.76% -0.85% +2.99% +7.59% -1.42%
12 +1.04% -7.38% +3.11% +2.77% +3.33%
Year +13.66% -13.82% +19.42% +8.41% +18.06%

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 1/27/2022

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