Technology is an actively managed equity fund that mainly invests worldwide in large and medium-sized companies in the IT sector. This sector includes, for example, companies active in software, computer manufacturing, communication devices, semiconductors and IT services. Since the sector is dominated by US companies, most of the fund’s assets are usually invested in the US. The fund has an active investment strategy focused on a selection of companies, where thematic analysis is an important part of the strategy. The fund complies with Swedbank Robur’s Responsible Investment Policy. Read more about the policy in the fund’s Information Brochure and swedbankrobur.se. Sustainability and climate work is an integrated part in our investment strategy. The fund consists of share classes, for more information see the Information Brochure.
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Updated 2026-06-10The technology sector performed strongly during the month as investors’ focus shifted back from macroeconomic uncertainty to companies’ fundamentals. Despite ongoing discussions regarding interest rates, trade policies and geopolitics, the market was characterised by increased risk appetite, with several technology companies seeing sharp price movements following an earnings season that generally exceeded expectations.
For the technology sector, the key takeaway from the reporting period has been that AI investments continue to show clear signs of creating value across the entire ecosystem. The discussion has therefore gradually shifted from the question of whether the investments are sustainable to where the next bottleneck will arise. In recent years, the focus has mainly been on advanced AI processors, but the market is now increasingly paying attention to limitations in networking, memory, optics, power supply, and power electronics. This has helped to broaden investors’ focus to more parts of the value chain.
The software sector also performed strongly following the earnings season. The strength was particularly evident in infrastructure software, where companies in databases, data management and cybersecurity reported stable demand and increasing AI-related activity. Following a period where investor focus was mainly on semiconductors and data centre infrastructure, we are seeing signs that AI investments are increasingly beginning to create value further up the software stack. This contributed to a broadening of the upturn in the technology sector and strong performance for several leading software companies.
Overall, the month was characterised by a broadening of the AI theme. Whilst semiconductors and data centre infrastructure continue to form the foundation of the investment cycle, we are now seeing both new bottlenecks and new winners gradually emerge as the technology spreads through the value chain.
The fund’s top contributors during the period were Marvell, Fortinet, and Snowflake.
Management
Managed the fund since
2024-02-19
Christian Blink
Christian Blink manages Swedbank Robur Technology. He has extensive experience in American technology companies and joined Swedbank Robur in 2016. Experience and training He has previously managed Swedbank Robur USA (2022-2025) and was head of the global equity team (2021-2025). He has also managed Swedbank Robur Småbolagsfond Europa (2017–2019) and Swedbank Robur Small Cap USA (2019–2022). Christian has previously worked as an equity analyst at Swedbank Robur (2016–2017) and Swedbank markets (2010–2016). Prior to that, he was an equity analyst at ABG Sundal Collier, (2007–2010). He has an M.Sc Business in Finance from Linköping University (2003–2007).
Assistant manager
Managed the fund since
2024-06-10
Nejla Salkovic
Nejla Salkovic works as an assistant portfolio manager of Swedbank Robur Technology. She has experience as a tech analyst and started working at Swedbank Robur in 2024. Experience and education She has previously worked as an investment analyst at GP Bullhound (2021-2024). Prior to that, she worked as Marketing and Sales Coordinator at BMW Financial Services (2021) and within Fund Operation at Nordnet Bank (2019-2021). She has also worked with Corporate Finance at Erik Penser Bank (2018-2019). Nejla-Selma has an M.Sc. in Business and Management from Uppsala University (2020-2022) and a B.Sc. in Business Administration from Stockholm University (2014-2018).
Managed the fund since
2023-08-14
Peter Eriksson Socha
Peter Eriksson Socha works as a senior technical analyst in the equity management team and as assistant portfolio manager of Swedbank Robur Technology. He has extensive experience from the tech industry and started working at Swedbank Robur in 2023. Experience and education Peter has previously worked as Senior Manager at Deloitte Consulting M&A (2021-2023), and as Senior Manager at PwC Management Consulting (2017-2021 and 2010-2015) within due diligence of IT companies. He has also worked as a Manager within IT strategy and governance at 3gamma AB (2015-2017). Prior to that, he worked as an IT consultant at Accenture AB (2008-2010). He has an M.Sc. in Engineering Physics (1999-2007) and a Master’s degree in Entrepreneurship (2004-2005) from Uppsala University.
Global/Europe team
The team is responsible for our actively managed equity funds and invests both in small companies and major corporations in the majority of the markets around the world. The fund managers possess extensive knowledge of the various markets and closely monitor developments, both from the office and through site visits. The fund managers are responsible for their individual funds, and are supported by the fund management organisation, sustainability analysts and corporate governance specialists. The team consists of twelve portfolio managers who maintain close dialogues with the companies in which they invest, thereby enabling them to influence the companies in a sustainable direction.
Active equity funds
The actively managed equity funds apply an investment strategy based on analysis of fundamentals. The focus is on the selection of companies, but sector, regional and thematic analyses are also key components of the strategy. The fund managers strive through active management to attain a return that exceeds the average return in the markets where the funds invest, in other words, a return that exceeds the fund’s benchmark index. Our fund managers integrate sustainability as a natural component of the funds’ investment processes.
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Updated: 29/05/2026
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Updated: 29/05/2026
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Updated: 29/05/2026
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5 / 7Sharpe ratio 2 y
Standard Deviation 2 y
Active risk 2 y
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Summary
This financial product promotes environmental or social characteristics, but does not have a sustainable investment objective. However, the fund will have a minimum share of sustainable investments.
The fund analyses how the sustainable investments affect such things as emissions, water and biodiversity on an ongoing basis. The fund also ensures that the holdings do not seriously and systematically infringe on accepted international standards and conventions relating to sustainability as adopted by the UN, ILO and OECD or are otherwise involved in unacceptable operations relating to sustainability or corporate governance.
External suppliers will provide Swedbank Robur with an analysis of which companies can be associated with violations of international norms. Based on information from our suppliers and other available information, Swedbank Robur will make its own assessment on whether it is a question of a serious and systematic violation. If such a violation is deemed to occur, the company's securities are not a sustainable investment.
The fund promotes low emissions of carbon dioxide, a net zero target, business strategies that include the UN Global Goals (SDGs), an environmentally more sustainable approach by the activities of companies through Environmental Engagement (E) and an increased social responsibility on the part of companies through Social Engagement (S).
Sustainability and climate work constitute an integrated part of the investment strategy in order to manage sustainability and climate risks and to promote environmental and social characteristics. The fund is obligated to follow the Management Company’s "Policy for Responsible Investments" (adopted by the Board) and uses three overarching methods ("include", "exclude" and "engage") in order to achieve the environmental and social characteristics promoted by the fund. The fund follows the Management Company’s "Principles for Shareholder Engagement" (adopted by the Board). As an active owner, the aim of Swedbank Robur is that the companies we invest in are managed in an efficient and long-term sustainable manner.
There are plans for at least 80% of the fund's assets to consist of investments aligned with environmental or social characteristics, of which at least 10% will be sustainable investments.
The Management Company’s risk function monitors and checks that the environmental or social characteristics that the fund promotes are complied with. The risk function also performs a quarterly follow-up and analysis of the metrics the Management Company has selected to measure how the fund’s investments promote environmental or social characteristics.
In order to measure the attainment of the environmental and social characteristics that the fund promotes, the sustainability indicators weighted average carbon dioxide intensity, net zero target, SDG aligned revenues, Environmental Engagement (E) and Social Engagement (S) are used.
Swedbank Robur uses several sources in its process to measure how funds promote environmental and social characteristics. Swedbank Robur purchases data from major data providers that have demonstrated a robust method for guaranteeing the quality of data. In order to guarantee the quality of the data purchased, the supplier's data and product range are reviewed. When there is an opportunity, test data is taken from several providers offering the same product in order to compare as large a selection as possible.
There are a number of limitations with the models and data being currently used. The main limitation is the number of asset allocations for which metric calculation methods exist. The coverage is generally good for the funds, where a mix between reported and estimated data is used. Furthermore, Swedbank Robur believes that the method used by the data provider for estimating data is reliable.
The Management Company has due diligence procedures in place in order to ensure that sustainability risks and the sustainability requirements established for the fund are taken into consideration in the investment decision. Sustainability analysis is an integrated part of the fund management’s investment process. In order to manage sustainability risks and integrate the risks in investment decisions, the fund management follows the procedures that the Management Company describes in the Management Company’s "Strategy to include" and "Strategy to exclude". The Management Company’s risk function performs a daily inspection to determine whether the fund’s holdings fulfil its sustainability requirements and regulations regarding exclusion.
The fund follows the Management Company's "Principles for Shareholder Engagement" (adopted by the Board). In the event of sustainability-related controversies in invested companies, Swedbank Robur has special procedures and processes to monitor and follow up with the company. Both dialogue work and voting are key tools to try to prevent and respond to sustainability-related controversies.