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

Technical error!

LHV World Equities Fund

Net Asset Value
13.9467 EUR
Issue Price
13.9467 EUR
Redemption Price
13.8072 EUR
Fund volume**
7,942,391 EUR
Today
-1.01%
   YTD
9.08%
     1 y
9.48%
     3 y*
1.07%
     5 y*
6.78%
* 3 and 5 years annualised

Error

Geographic division**

Europe (ex Baltics)
49.24%
USA
34.43%
Cash
7.28%
Asia
5.84%
Other
3.21%

Sectoral division**

Industrials
40.40%
Materials
26.99%
Funds
11.66%
Cash
7.28%
Consumer Staples
4.82%
Consumer Discretionary
3.69%
Health Care
3.64%
Utilities
1.51%

10 largest investments**

Agnico Eagle Mines
5.78%
Global X Copper Miner ETF
5.20%
TCM Group
3.81%
Barrick Gold Corp
3.73%
Siemens Healthineers
3.71%
UPM-Kymmene
3.68%
Getinge
3.61%
Sampo
3.56%
iShares MSCI China ETF
3.47%
Tallinna Sadam
3.46%

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, the equity investments in the fund continued to rise. The positive contribution came from commodity related companies, which was backed by the rise in copper and gold prices to new highs. Returns were also supported by gains in equity positions from the Nordic stock exchanges. Energy sector investments had mixed results. Fund unit value increased 4.7%. Fund’s largest investments remain in equities related to commodities. We see here good inflation protection, which is cheaply priced. Large commodity sector companies are valued cheaply against earned profits. Another major place from where we have chosen individual investments is Finnish, Swedish, Danish and Norwegian stock exchange companies. Here too, we have preferred companies related to commodity markets. In May, we visited three Finnish stock exchange companies to better map the opportunities and risks associated with individual investments. The companies visited were Metso, UPM, and Kojamo. Metso is also the largest position among Nordic companies in the fund. We see that the stock market undervalues the improvement in the stability of Metsos business model. The company’s market cap is 9 billion euros, and the stock trades at a 7.5% free cash flow yield. For us, the Nordic stock exchange is a home market where there are well-managed companies with a long history. One of the key strengths of the Nordics is the cheap energy coming from CO2-free nuclear and hydro power, which gives many of the regions industrial companies a significant advantage over Western European companies in the green transition. In recent years, the price of electricity in the Nordics has remained about 50% cheaper than in the Baltics and Western Europe. This is a huge advantage that the industry can utilize. Fund’s largest equity positions from the Nordics are mining equipment manufacturers Metso, Finnish forestry industry Stora Enso and Swedish industrial company Trelleborg.

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Monthly returns of the fund

  2019 2020 2021 2022 2023 2024
01 +7.74% +0.30% +1.27% -4.93% +5.17% -2.44%
02 +2.16% -5.59% +1.12% -3.35% -1.51% -0.33%
03 -0.43% -14.62% +4.38% +3.18% +0.41% +7.72%
04 +4.64% +12.75% +4.06% -3.26% -0.71% +1.52%
05 -7.51% +3.68% +0.96% +0.01% -3.04% +4.74%
06 +4.09% +4.05% -0.18% -11.21% +2.12%
07 -0.85% +3.80% +2.20% +7.12% +3.47%
08 -1.39% +1.44% -0.73% -3.06% +3.41%
09 +2.10% -2.42% -3.72% -7.60% -0.21%
10 +2.29% -2.97% +5.85% +6.43% -4.39%
11 +2.99% +7.59% -1.42% +6.40% -3.69%
12 +3.11% +2.77% +3.33% -2.33% +3.77%
Year +19.42% +8.41% +18.06% -13.57% +4.31%

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, Joel Kukemelk and Eve Sirel

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 0,0451%
Depositary:
AS SEB Pank
Tornimäe 2, 15010 Tallinn
+372 665 5100, info@seb.ee

** Details are given on 6/15/2024

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