Global High Dividend is an actively managed equity fund that invests in companies in different sectors globally where the average dividend level is higher compared to its benchmark. Companies with high dividend yields generally have a more mature business model, which tends to reduce their risk profile. The fund has a long-term investment horizon and an active investment strategy focused on a selection of companies, where sector, regional and thematic analyses are also key features 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. The fund is suitable for those who want a slightly less cyclical investment.
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Updated 2026-10-06The fund rose slightly during the month but underperformed its benchmark index, driven largely by companies in which the fund was not invested, such as US technology stocks Nvidia, Advanced Micro Devices and Micron. Nvidia has the highest market capitalisation in the world and produces memory chips. Micron is a US memory-chip manufacturer, while Advanced Micro Devices is a US company that designs and develops chips for, among other things, data centres. The fund was also negatively affected by Meta’s launch of an AI agent called Muse, which is intended to autonomously help consumers with purchases, for example by negotiating the cheapest mobile subscription or insurance solution. This caused a number of sectors in which the fund is invested to perform weakly during the month, including property and casualty insurers, which affected the fund through, among other things, its holding in Sampo. Sampo is a Finnish property and casualty insurance company operating in the Nordic region and the UK. The company was also adversely affected when Solidium, which is owned by the Finnish state, sold down part of its holding at a discount.
Among the companies that performed well relative to the benchmark index during the period was Taiwan Semiconductor Manufacturing Company, a semiconductor manufacturer from Taiwan that is central to the entire AI industry. US company Cisco also performed well during the period. The company sells routers and switches, as well as various security solutions, and has also benefited from the expansion of data centres. A positive factor for the fund is that the banking sector performed well. What particularly benefited the banking sector was higher-than-expected inflation, which led to higher interest rates. Among the banks that performed well during the period was DBS of Singapore.
Management
Managed the fund since
2018-09-01
Fredrik Mattsson
Fredrik Mattsson manages Swedbank Robur Fastighet, Global High Dividend and Europafond. He has an M.Sc. Business and Economics and joined Swedbank Robur in 2008. Experience and education He has previously managed Finansfond (2010–2012) and Företagsobligationsfond (2012–2016). He has also worked as an equity analyst at Swedbank Robur (2008–2010). Fredrik has an M.Sc. Business and Economics from Lund 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: 30/09/2026
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Updated: 30/09/2026
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Updated: 30/09/2026
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1.09 %
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3 / 7Sharpe ratio 2 y
Standard Deviation 2 y
Active risk 2 y
Fund Facts
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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 30% 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.