LHV investment funds – convenient and easy access to financial markets
- Reasonably priced, diversified portfolios
- A convenient way to invest in stock and bond markets
- Free trading*
*Fees for transactions at a client office can be found here.
LHV Euro Bond Fund
This fund may be suitable for you if:
- your goal is to aim for higher returns than deposits or government bonds
- you are looking for an alternative to investing in stock and real estate markets
- you do not want to tie up your money for a fixed term – you can buy and sell fund units on any banking day
The fund may not be suitable for investors with an investment horizon of less than two years or for those who are not prepared to accept the risks associated with investing in debt instruments through the 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
Net Asset Value
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 | SKANDINAVISKA ENSKILDA BANKEN AB (SEB) | 5.49% |
| 2 | JP MORGAN CHASE & CO | 5.44% |
| 3 | INVESTOR AB | 4.92% |
| 4 | KBC GROUP NV | 4.71% |
| 5 | SWEDBANK AB | 3.93% |
| 6 | OP MORTGAGE BANK | 3.86% |
| 7 | ING DIBA AG | 3.83% |
| 8 | DBS BANK LTD | 3.75% |
| 9 | CREDIT AGRICOLE HOME LOAN SFH | 3.73% |
| 10 | ERSTE GROUP BANK | 3.65% |
| Top 10 in total | 43.31% | |
| A range of investments | 32 | |
The data is presented as at 31.03.2026.
Documents
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 0.0422%
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.
How to buy and sell fund units?
You can buy and sell fund units only in the LHV Internet Bank via a securities account or a pension investment account.
Buying
Log in to the LHV Internet Bank, go to the “Buy-Sell” view in the “Grow your money” section and select the “Fund units” tab.
Select the account you want to use to buy fund units.
Select “LHV Euro Bond Fund”.
Enter the amount and confirm the purchase.
Done!
Selling
Log in to the LHV Internet Bank and go to the “My investments” view in the “Grow your money” section.
Select “LHV Euro Bond Fund” and click “Buy-Sell”.
Select “Sell”, enter the quantity and review and confirm the order.
Done! The money will reach your account five banking days after the transaction date.
Investor comments
Erkki Raasuke
Executive and Founding 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."
Romet Enok
Head of LHV Eurobonds Fund and Founding 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.“
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
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 | TOTALENERGIES | 5.13% |
| 2 | FORTUM | 4.49% |
| 3 | GLOBAL X COPPER MINERS ETF | 4.48% |
| 4 | AMUNDI EURO STOXX BANKS UCITS ETF | 4.15% |
| 5 | INVESTOR | 4.08% |
| 6 | EPIROC A | 3.63% |
| 7 | STORA ENSO | 3.43% |
| 8 | ANTERO RESOURCES CORP | 3.37% |
| 9 | ISHARES MSCI CHINA ETF | 3.20% |
| 10 | GLENCORE | 2.88% |
| Top 10 in total | 38.85% | |
| A range of investments | 29 | |
The data is presented as at 31.03.2026.
Fund Volume
8,530,532 EUR
Net Asset Value
14.2121 EUR
Issue Price
13.6305 EUR
Redemption Price
13.4942 EUR
Historical results
| From the beginning of 2026 | |
| 2025 | +16.23% |
| 2024 | +2.08% |
| 2023 | +4.31% |
| 2022 | -13.57% |
| 2021 | +18.06% |
| 2020 | +8.41% |
| 2019 | +19.42% |
Sectors
| Materials | 18.79% | |
| Utilities | 4.49% | |
| Technology | 10.30% | |
| Industrials | 20.79% | |
| Energy | 10.55% | |
| Regional Funds | 3.20% | |
| Financials | 8.23% | |
| Consumer Discretionary | 1.91% | |
| Cash | 21.74% |
Geographical distribution
| Europe | 52.93% |
| Asia | 8.68% |
| North America | 14.29% |
| Latin America | 2.35% |
| Cash | 21.74% |
Documents
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 0.0422%
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
You can buy and sell fund units only in the LHV Internet Bank via a securities account or a pension investment account.
Buying
Log in to the LHV Internet Bank, go to the “Buy-Sell” view in the “Grow your money” section and select the “Fund units” tab.
Select the account you want to use to buy fund units.
Select “LHV World Equities Fund”.
Enter the amount and confirm the purchase.
Done!
Selling
Log in to the LHV Internet Bank and go to the “My investments” view in the “Grow your money” section.
Select “LHV World Equities Fund” and click “Buy-Sell”.
Select “Sell”, enter the quantity and review and confirm the order.
Done! The money will reach your account five banking days after the transaction date.
Fund manager’s comment
March 2026
In March, the war in Iran and the energy crisis drove stock markets sharply lower. The fund’s unit price fell by 5.7% during the month.
Against the backdrop of the war in Iran, inflation risks have increased—a threat against which many stocks offer little protection. Within the fund, we seek inflation protection through commodity-related equity investments.
We maintain a basket of energy sector stocks, which serves as the most direct hedge against high energy prices. The fund’s two largest investments are the French energy major TotalEnergies and the Finnish energy group Fortum. During the first half of the month, we increased our holding in TotalEnergies.
In March, we sold our position in the German MDAX index fund. We purchased shares in the building materials companies Holcim and Heidelberg Materials, which are better positioned to benefit from the growth trend in German public investment. We also increased our equity position in SigmaRoc, a company involved in lime and limestone mining.
The fund continues to maintain a cash buffer of nearly 20%. The further stock market indices fall, the more investment opportunities arise. We are gradually deploying these free funds into new investments.
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
Fund manager’s comment
March 2026
Within the very sharp fluctuations in the financial markets seen in March, gains amounting to several months of interest income were reversed. The result for the month was ultimately -1.3%.
We have been prepared for sudden market volatility – as noted in previous monthly overviews, we have invested the fund’s assets above all into a) shorter-term bonds and b) stronger companies’ bonds. As for the current problematic regions, it should be said that the fund has no Middle East positions and our only holding in Asia, which bore the brunt of the initial impact of the energy shock, is in Southeast Asia’s largest bank, DBS, controlled by Singapore. About 10% of the fund’s assets are in the large oil companies Exxon, Total and Shell, which do have production capacities in Qatar and the UAE, but these earn more from oil price rises than they would lose from supply disruptions in a single region.
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