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

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LHV World Equities Fund

Net Asset Value
11.9616 EUR
Issue Price
11.9616 EUR
Redemption Price
11.8420 EUR
Fund volume**
7,149,679 EUR
Today
0.08%
   YTD
-15.66%
     1 y
-11.03%
     3 y*
5.39%
     5 y*
2.84%
* 3 and 5 years annualised

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Geographic division**

Europe (ex Baltics)
62.33%
USA
27.44%
Cash
5.70%
Asia
4.53%

Sectoral division**

Industrials
35.35%
Materials
26.85%
Funds
8.27%
Information Technology
7.82%
Health Care
5.96%
Cash
5.70%
Consumer Staples
3.65%
Financials
2.30%
Infrastructure
2.06%
Consumer Discretionary
2.05%

10 largest investments**

Agnico Eagle Mines
5.01%
Swedbank
4.78%
Barrick Gold Corp
4.53%
TCM Group
4.41%
Siemens Healthineers
4.21%
Sweco
3.83%
UPM-Kymmene
3.80%
Getinge
3.74%
Sampo
3.60%
Tallinna Sadam
3.55%

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

May was a volatile month in the stock markets when the funds unit did not move significantly. Against the background of the ongoing energy crisis, shares in the energy sector continued to rise, while shares of mining companies fell in fear of the economic downturn. Fund’s unit value ended the month basically unchanged. Stock markets more broadly have been pressured in recent months by uncomfortably high inflation and rising key interest rates. The rise in the price of money has dealt a significant blow to many growth stocks that need access to capital markets for growth. The share prices of many smaller technology companies have fallen by 50-70% in recent months, while the share prices of large US technology giants have fallen by 20-40%.   In the fund, we have sought protection against inflation from the commodity and material sector equities. Ukraines war has exacerbated the shortage in commodity markets in the world economy and exacerbated the rise in prices that was happening already before the war. The funds largest investments are in shares of gold mining company Barrick Gold and copper mining company Freeport McMoran. The largest investments from the Nordics stock markets are the shares of the wood industry group UPM-Kymmene and the machinery industry Sandvik.   After the war in Ukraine, we saw selling pressure on the shares of Nordic companies in our fund, but we maintain our positions on the stock exchanges for a long time. Nordic companies have a high value chain position with strong product pricing power and are able to increase profits in environment where inflation is high. In the past months, we have seen a gradual recovery in the Nordic investments.   Looking forward, we expect that we will see the trend of the past year in the stock markets, where investors are looking for protection against inflation from industries with real assets. On the other hand, money continues to flow out of the popular growth stocks of the last decade, which became very expensive.   In May, we used negative sentiment in the stock markets and bought shares of gaming companies Take-Two Interactive and Electronic Arts from the US stock market. Microsofts takeover bid for gaming company Activision earlier this year showed that there is a buying interest for the sectors assets. The decline in gaming companies share prices in recent months should only increase this buying interest.

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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% -4.93%
02 +2.14% -1.84% +2.16% -5.59% +1.12% -3.35%
03 +4.23% -0.60% -0.43% -14.62% +4.38% +3.18%
04 +2.60% +1.62% +4.64% +12.75% +4.06% -3.26%
05 +0.58% -0.87% -7.51% +3.68% +0.96% +0.01%
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 6/29/2022

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