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 | 17.97% | |
| Government | 3.48% | |
| Banks | 48.74% | |
| Companies | 14.59% | |
| High yield | 4.20% | |
| Cash | 11.02% |
Geographical distribution
| United States of America | 13.13% |
| Sweden | 12.77% |
| France | 10.87% |
| Switzerland | 7.48% |
| Finland | 7.37% |
| Other | 48.38% |
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 | 7.55% |
| 2 | SKANDINAVISKA ENSKILDA BANKEN AB (SEB) | 7.17% |
| 3 | BANCO SANTANDER SA | 5.22% |
| 4 | ING DIBA AG | 5.10% |
| 5 | UBS SWITZERLAND AG | 4.93% |
| 6 | DBS BANK LTD | 4.91% |
| 7 | CREDIT AGRICOLE HOME LOAN SFH | 4.87% |
| 8 | LUMINOR | 4.59% |
| 9 | DNB BANK ASA | 4.15% |
| 10 | NORDEA BANK ABP | 4.00% |
| Top 10 in total | 52.45% | |
| A range of investments | 26 | |
The data is presented as at 30.06.2025.
Documents
- Fund Introduction Fact Sheet
- Fund Rules
- Prospectus
- Prospectus (valid from 30.07.2025)
- 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
- Analysis of the Impact of the Prospectus amendment
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 0.0446%
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 | 6.53% |
| 2 | GLOBAL X COPPER MINERS ETF | 4.36% |
| 3 | AMUNDI EURO STOXX BANKS UCITS ETF | 4.29% |
| 4 | FREEPORT-MCMORAN | 4.26% |
| 5 | BARRICK MINING CORP | 4.06% |
| 6 | PAN AMERICAN SILVER | 3.95% |
| 7 | STORA ENSO | 3.93% |
| 8 | ISHARES MSCI CHINA ETF | 3.84% |
| 9 | FORTUM | 3.32% |
| 10 | ALIBABA GROUP HOLDING | 3.16% |
| Top 10 in total | 41.70% | |
| A range of investments | 27 | |
The data is presented as at 30.06.2025.
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 | +5,34% |
| 2024 | +2,08% |
| 2023 | +4,31% |
| 2022 | -13,57% |
| 2021 | +18,06% |
| 2020 | +8,41% |
| 2019 | +19,42% |
Sectors
| Materials | 22.39% | |
| Utilities | 3.32% | |
| Pharmaceutical | 1.60% | |
| Technology | 8.14% | |
| Industrials | 21.24% | |
| Energy | 7.20% | |
| Regional Funds | 10.38% | |
| Financials | 7.06% | |
| Cash | 18.67% |
Geographical distribution
| Europe | 50.72% |
| Asia | 7.01% |
| North America | 20.61% |
| Latin America | 2.99% |
| Cash | 18.67% |
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 0.0446%
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
June 2025
In June, stock market indices climbed to new highs. In currency markets, the dollar continued to depreciate against the euro, offsetting the rise of US stock markets when measured in euros this year. The fund's unit value increased by 0.7% during the month.
As risks, we see that the dollar's decline may continue. Against the backdrop of Trump's trade policy, it's challenging for the US to attract foreign capital to the extent it has in the past. We see better investment opportunities in Europe, supported by Germany's plan to spend a trillion euros on infrastructure and defense. We believe that the impact of these expenditures will cyclically reach many industries that have not seen growth for a long time and are cheaply valued.
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
June 2025
June was the third straight month in which the fund’s investment portfolio generated a yield close to our primary goal. The markets have calmed in recent months and have reacted less sensitively to politics. Instead, when it comes to bonds, eyes are turning to central banks for signals about their decisions on future interest rates in a cooler economy.
In this situation, the fund’s return consists mainly of interest accruing daily on bonds. As a secondary goal, we seek to earn profits from bond price movements. As long as the outlook for earning such gains is not sufficiently attractive, we will not take any additional risks with the fund’s capital.
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