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
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 | 18.11% | |
| Government | 3.48% | |
| Banks | 43.93% | |
| Companies | 14.62% | |
| High yield | 4.07% | |
| Cash | 15.80% |
Geographical distribution
| United States of America | 13.22% |
| Sweden | 12.86% |
| France | 10.87% |
| Switzerland | 7.57% |
| Finland | 7.45% |
| Other | 32.80% |
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 | 7.60% |
| 2 | SKANDINAVISKA ENSKILDA BANKEN AB (SEB) | 7.22% |
| 3 | BANCO SANTANDER SA | 5.17% |
| 4 | ING DIBA AG | 5.14% |
| 5 | UBS SWITZERLAND AG | 4.99% |
| 6 | CREDIT AGRICOLE HOME LOAN SFH | 4.87% |
| 7 | LUMINOR | 4.59% |
| 8 | DNB BANK ASA | 4.15% |
| 9 | NORDEA BANK ABP | 4.00% |
| 10 | BANK POLSKA KASA OPIEKI SA | 3.53% |
| Top 10 in total | 51.26% | |
| A range of investments | 26 | |
The data is presented as at 31.05.2025.
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 0.0427%
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
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 | 6.64% |
| 2 | AMUNDI EURO STOXX BANKS UCITS ETF | 4.35% |
| 3 | GLOBAL X COPPER MINERS ETF | 4.16% |
| 4 | FREEPORT-MCMORAN | 3.96% |
| 5 | BARRICK MINING CORP | 3.91% |
| 6 | ISHARES MSCI CHINA ETF | 3.85% |
| 7 | PAN AMERICAN SILVER | 3.55% |
| 8 | ALIBABA GROUP HOLDING | 3.32% |
| 9 | LIFCO | 3.28% |
| 10 | FORTUM | 3.21% |
| Top 10 in total | 40.23% | |
| A range of investments | 28 | |
The data is presented as at 31.05.2025.
Fund Volume
7 776 684 EUR
Net Asset Value
14.2121 EUR
Issue Price
13.6305 EUR
Redemption Price
13.4942 EUR
Historical results
| From the beginning of 2025 | +4.60% |
| 2024 | +2,08% |
| 2023 | +4,31% |
| 2022 | -13,57% |
| 2021 | +18,06% |
| 2020 | +8,41% |
| 2019 | +19,42% |
Sectors
| Materials | 19.82% | |
| Utilities | 3.21% | |
| Pharmaceutical | 1.67% | |
| Technology | 8.33% | |
| Industrials | 21.46% | |
| Energy | 9.28% | |
| Regional Funds | 10.49% | |
| Financials | 7.25% | |
| Cash | 18.48% |
Geographical distribution
| Europe | 49.59% |
| Asia | 7.18% |
| North America | 21.68% |
| Latin America | 3.07% |
| Cash | 18.48% |
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 0,0439%
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
May 2025
In May, the US and China reached a truce in the trade war, which helped stock markets recover from their declines so far this year. Fund's unit value increased by 3.9% in the month.
More broadly, in the stock markets, the US equities have acquired a crisisproof status over the past decade, which is no longer valid. Under Trump, the US geopolitical position has been damaged, capital flows into US financial assets have stopped and the US national debt outlook has deteriorated.
These problems are reflected in the cheaper dollar, which has dropped by almost 10% against the euro this year. Dollar risk is a topic that is talked about a lot, but where the magnitude of decline is still underestimated.
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
May 2025
During the month ended, we added Western European securities with a very high credit quality to our portfolio – a covered bond backed by Swiss residential mortgages issued by UBS; bonds from one of Europe’s highest-rated industrial conglomerates, Sweden’s Investor AB; and a senior bond issued by Norwegian-government-controlled DNB Bank.
Meanwhile, we made our second investment into Estonian-issued securities by acquiring bonds issued by Estonian energy company Eesti Energia last summer for the European market. When Eesti Energia issued new shorter-term bonds last month to local investors at a 5% interest rate, the expected return on the subordinated bonds sold to the European market, based on our current purchase price, is 6.8% annually.
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