Investment funds – dispersed comprehensive portfolio with reasonable costs
- Investment funds are the easiest way to invest on the stock exchange
- We offer a wide variety of funds from local and international management companies
- You can also invest in funds managed by us
LHV Managed Bond Fund
LHV Euro Bond Fund
The fund mainly invests in euro bonds with high international ratings.
Equity fund managed by LHV
LHV World Equities Fund
The LHV World Equities Fund invests in equity markets around the world. We are looking for good companies in the equity markets of the Fund, with which to grow assets over the long term.
Other investment funds
LHV allows its clients to choose from a broad range of investment funds, managed by well-known Baltic and international fund managers. Investment funds offer a convenient access to a wide selection of pre-defined investment strategies compiled by professional asset managers.
LHV Euro Bond Fund
The LHV Euro Bond Fund provides access to one of the major global financial markets. The primary goal of the fund is to generate interest income, while the secondary goal is to profit from changes in bond prices. Investments are primarily made in investment-grade bonds. The diversification of the bond fund lies in the selection of companies distributed both geographically and across various sectors.
Fund Volume
9 742 002 EUR
Net Asset Value
Investor comments
Erkki Raasuke
Executive and fund investor
“The Eurobond market is big, dynamic and full of potential, but retail investors can face barriers to access. I’m pleased that LHV is drawing on its impressive set of experiences to bring this asset class to many more local investors. This product fits into my investment portfolio very well."
Heldur Meerits
Independent analyst and fund investor
“This fund has two good qualities rolled into one. First of all, it’s a good choice for keeping liquidity reserves, but at the same time, bond interest is significantly better than the interest paid on ordinary bank accounts.“
Romet Enok
Head of LHV Eurobonds Fund and fund investor
“High-rated bonds are valued for predictability and stability. The Eurobond market is developing and growing because it fulfils two key functions for issuers and borrowers. When both parties benefit, that’s the best guarantee of results.“
Sectors
| Covered bonds | 18.77% | |
| Government | 3.56% | |
| Banks | 34.52% | |
| Companies | 9.29% | |
| High yield | 2.11% | |
| Cash | 31.75% |
Geographical distribution
| United States of America | 13.71% |
| France | 11.20% |
| Sweden | 8.23% |
| Finland | 7.73% |
| Poland | 7.22% |
| Germany | 5.31% |
| Other | 14.85% |
Top 10 investments
- The LHV Euro Bond Fund focuses on large and stable issuers in the European bond market
- We mainly invest in investment grade bonds, following a rather conservative investing strategy
- Companies are selected from various sectors across the world to ensure a diversified portfolio.
| 1 | JP Morgan Chase & Co | 7.88% |
| 2 | ING DIBA AG | 5.31% |
| 3 | SKANDINAVISKA ENSKILDA BANKEN AB (SEB) | 5.30% |
| 4 | CREDIT AGRICOLE HOME LOAN SFH | 5.01% |
| 5 | LUMINOR | 4.79% |
| 6 | NORDEA BANK ABP | 4.16% |
| 7 | BANK POLSKA KASA OPIEKI SA | 3.66% |
| 8 | Sampo OYJ | 3.57% |
| 9 | BANK GOSPODARSTWA KRAJOWEGO | 3.56% |
| 10 | KBC GROUP NV | 3.22% |
| Top 10 in total | 46.46% | |
| A range of investments | 20 | |
The data is presented as at 28.02.2025.
Documents
- Fund Introduction Fact Sheet
- Fund Rules
- Prospectus
- Key Investor Information
- NAV calculation
- Best execution policy
- List of Brokerage Companies
- Information on Complaint Handling
- Principles of Shareholder Rights Execution
- Responsible Investment Policy
- Statement on principal adverse impacts of investment decisions on sustainability factors
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 Eve Sirel
Fund Manager:
Romet Enok
Fund unit:
Nominal value: 10 euros
ISIN: EE3600001921
Registrar: AS LHV Pank
Launched: 28.01.2025
Type: UCITS IV
Fees:
Issue Fee 0%
Management Fee 0.49%
Redemption Fee (LHV Pank) free of charge
Depositary service fee 0.0415%
Depositary:
AS SEB Pank
Tornimäe 2, 15010 Tallinn
+372 665 5100, info@seb.ee
Brokers:
Acquisition of fund units is possible through AS LHV Pank.
Transactions with fund units
Transactions with fund units can be made through the LHV internet bank, via the LHV securities account or pension investment account.
LHV World Equities Fund
The LHV World Equities Fund invests in equity markets around the world. We are looking for good companies in the equity markets of the Fund, with which to grow assets over the long term. Capital provides a good rate of return when it is invested in places where there is a shortage of it, not where everyone else wants to place it. The Fund’s investments are selected on the basis of portfolio value, not popularity. The Fund looks for opportunities in both larger and smaller listed companies that often fly under the radar of investors and offer good upside potential.
Fund volume
EUR 7 882 421
Net asset value of unit
Investments
- The Fund aims to provide substantial diversification through the shares of companies in different industries.
- Investors often focus more on finding individual high flyers in equity markets, and less on the risks of losing capital permanently with these. A good portfolio includes both offensive and defensive investments.
- Geographically, the fund maintains a greater focus on Nordic equity markets, our ‘extended home market’ with a wide range of high- quality and transparent listed companies.
| 1 | Invesco MDAX UCITS ETF | 6.13% |
| 2 | Barrick Gold Corp | 4.28% |
| 3 | Global X Copper Miners ETF | 4.27% |
| 4 | iShares MSCI China ETF | 4.26% |
| 5 | Freeport-McMoRan | 4.20% |
| 6 | Alibaba Group Holding | 4.16% |
| 7 | AMUNDI EURO STOXX BANKS UCITS ETF | 4.05% |
| 8 | Pan American Silver | 4.00% |
| 9 | Trelleborg | 3.43% |
| 10 | Fortum | 3.28% |
| Top 10 in total | 42% | |
| A range of investments | 29 | |
The data is presented as at 31.03.2025.
Documents
Reports
- Interim report for the first half-year of 2024
- Fund Annual Report 2023
- Interim report for the first half-year of 2023
- Fund Annual Report 2022
- Interim report for the first half-year of 2022
- Fund Annual Report 2021
- Interim report for the first half-year of 2021
- Fund Annual Report 2020
- Interim report for the first half-year of 2020
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 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 Pank) free of charge
Depositary service fee 0,0439%
Depositary:
AS SEB Pank
Tornimäe 2, 15010 Tallinn
+372 665 5100, info@seb.ee
Brokers:
Acquisition of fund units is possible through AS LHV Pank.
Fund manager's comment
February 2025
February was a nervous month for stock markets, with the US stock market under pressure from Trump's tariff policy and growing question marks over the growth prospects of large technology companies.
We saw more positive movements on stock exchanges in other parts of the world. European stock markets were boosted by a change in direction in German fiscal policy, where the country is ready to sharply increase spending on defense and infrastructure renewal.
The fund's unit value increased by 3.7% in the month. Of the new investments, we made a larger bet to German companies through the purchase of shares in the Invesco MDAX ETF. The index fund tracks the MDAX index, which consists of 50 German mid-cap listed companies. We expect the German election results to bring a significant change in fiscal policy, which will accelerate economic growth.
Read also the full monthly overview of the recent developments in the fund and in global stock markets.
Mikk Taras
Fund Manager since 2014
mikk.taras@lhv.ee
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Fund manager's comment
March 2025
By its second full month of activity, the fund had largely completed its portfolio build-out. By the end of March, it was most heavily invested in the banking sector, which made up one-third of the portfolio. By home country, banking sector allocations are distributed between US, Western European, Scandinavian, Polish and Baltic banks. Another significant type of bond in the fund’s portfolio is covered bonds. Covered bonds have a long history in Europe for financing home loans – besides the bank’s own guarantee, mortgage loans (and indirectly, the real estate associated with the mortgages) are pooled specifically to secure the bonds, which makes covered bonds the most stable bond class. For the fund in question, we have selected covered bonds in equal measure from four large European home loan markets – Germany, Scandinavia, France and Spain. Since bonds from non-financial-sector companies are currently not at an attractive price level, the share of these securities in the funds is currently lower than they will ordinarily be.
Read also the full monthly overview of the recent developments in the fund and in bond markets.
Romet Enok
LHV Euro Bond Fund Manager since 2025