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

Technical error!

LHV World Equities Fund

Net Asset Value
12.6376 EUR
Issue Price
12.6376 EUR
Redemption Price
12.5112 EUR
Fund volume**
7,279,011 EUR
Today
-0.10%
   YTD
3.10%
     1 y
-3.59%
     3 y*
5.34%
     5 y*
2.58%
* 3 and 5 years annualised

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Geographic division**

Europe (ex Baltics)
45.62%
USA
27.97%
Cash
19.72%
Asia
3.73%
Other
2.96%

Sectoral division**

Industrials
32.31%
Materials
23.31%
Cash
19.72%
Funds
11.11%
Consumer Staples
4.41%
Health Care
3.60%
Information Technology
2.53%
Consumer Discretionary
1.56%
Utilities
1.46%

10 largest investments**

Agnico Eagle Mines
5.28%
Swedbank
5.09%
Barrick Gold Corp
4.07%
TCM Group
3.73%
Siemens Healthineers
3.67%
UPM-Kymmene
3.57%
Getinge
3.21%
Sampo
3.14%
market.fund.lhv.data.investment_top.545b2dbf-e123-4fdd-9a56-a52d49823c1d.world
3.14%
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 April, equity markets moved sideways. The share of the fund fell by 0.7% in the month. The negative contribution is largely from investments related to mineral resources. Among the funds larger equity holdings, we saw declines in commodity related names and industrials due to general fears of a recession. Copper miner Freeport McMorans share price fell 8%. Oil service company Valaris fell 9%. Shares of copper mining companies offer a free cash flow yield of nearly 20%. The sector is cheap and well positioned in the long term to benefit from the growing electrification trend. The energy sector has underinvested in increasing supply volumes for years, and this should be reflected in rising energy prices again in a more active economic environment. Energy sector shares offer 10%+ free cash flow yields. At these prices, the fund is ready to increase the equity positions of companies in various value chains related to mineral resources. Currently, share positions related to energy and industrial metals make up a total of 27% of the funds portfolio. In April, shares of gold mining companies made a positive contribution to the value of the unit, supported by the price of gold, which in dollar terms rose to the peaks of recent years. We expect the price of gold to move up in the long term if savers are unable to earn returns that exceed inflation through savings or more conservative investing. Stock investments related to gold and silver make up 11% of the funds portfolio. In the economy, we see a decelerating but still uncomfortably high inflation environment, forcing central banks to raise base rates. Over the past year, stock markets have been searching for a new equilibrium point in an environment with higher interest rates, and we believe that stock markets will continue to move without a major upward trend. In the changed market environment, we expect good returns from investments related to natural resources and high-quality individual Nordic stocks with strong pricing power.

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Monthly returns of the fund

  2018 2019 2020 2021 2022 2023
01 +3.37% +7.74% +0.30% +1.27% -4.93% +5.17%
02 -1.84% +2.16% -5.59% +1.12% -3.35% -1.51%
03 -0.60% -0.43% -14.62% +4.38% +3.18% +0.41%
04 +1.62% +4.64% +12.75% +4.06% -3.26% -0.71%
05 -0.87% -7.51% +3.68% +0.96% +0.01% -3.04%
06 -1.78% +4.09% +4.05% -0.18% -11.21%
07 +0.91% -0.85% +3.80% +2.20% +7.12%
08 -0.46% -1.39% +1.44% -0.73% -3.06%
09 -0.21% +2.10% -2.42% -3.72% -7.60%
10 -6.19% +2.29% -2.97% +5.85% +6.43%
11 -0.85% +2.99% +7.59% -1.42% +6.40%
12 -7.38% +3.11% +2.77% +3.33% -2.33%
Year -13.82% +19.42% +8.41% +18.06% -13.57%

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 service fee 0,0444%
Depositary:
AS SEB Pank
Tornimäe 2, 15010 Tallinn
+372 665 5100, info@seb.ee

** Details are given on 6/7/2023

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