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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.
Read moreLHV 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 7 668 761
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.
TOP 10 investments
| 1 | Freeport-McMoRan | 5.1% |
| 2 | DSV PANALPINA | 5.1% |
| 3 | Agnico Eagle Mines | 5.0% |
| 4 | Global X Copper Miners ETF | 4.9% |
| 5 | Barrick Gold Corp | 4.3% |
| 6 | iShares MSCI China ETF | 4.0% |
| 7 | Pan American Silver | 3.7% |
| 8 | AMUNDI EURO STOXX BANKS UC | 3.2% |
| 9 | Alibaba Group Holding | 3.1% |
| 10 | Trelleborg | 3.1% |
| Top 10 in total | 41.5% | |
| A range of investments | 30 | |
The data is presented as at 31.10.2024.
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 Bank) 1%
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 Bank.
Fund manager's comment
October 2024
In October, ahead of the US presidential election, we saw profit-taking in the fund's investments in equity positions related to Nordic companies and commodities. There were no transactions in the fund during the month. The share of the fund fell by 2.9% in the month.
November put an end to the US presidential elections, which were won by surprisingly wide margin by the US Republican candidate Donald Trump. The initial reaction of stock markets was positive in anticipation of a wave of lower taxes and deregulation following Trump's victory.
In the fund, we try to ensure that the portfolio includes generally good companies that, regardless of regulations and trade policy, are able to grow in their markets. The fund has invested heavily in shares of industrial companies in the Nordic countries, where we observe that companies own production sites in both the USA and China. Local production will help them better escape the trade war, benefiting from growth in both the US and China markets.
Read also the full monthly overview of the recent developments in the fund and in global stock markets.
The Fund’s investments are selected on the basis of portfolio value, not popularity. To do this, we assess the value of underlying assets for each investment of the Fund, which is often not done in the popular index fund investment era.
Mikk Taras
Fund Manager since 2014
mikk.taras@lhv.ee