<div id="readability-page-1"><div><p>The Länsförsäkringar Sverige Vision A fund rose 4.85 percent in October, outperforming the fund's benchmark index, which rose 4.13 percent. Since the beginning of the year, the fund has returned 12.70 percent, outperforming the index, which has risen 10.25 percent. This is according to a monthly report from fund managers Martin Persson and Erik Kjellgren.</p><p>The managers begin by noting that global stock markets continued to rise in October, supported by emerging markets and Japan. Asian technology companies followed the strong performance of US tech giants, while the US reporting season showed robust results. </p><p>The fund managers also state that Swedish equities moved in the same direction and contributed to improved risk sentiment. The Federal Reserve lowered its key interest rate further, while the Riksbank remained in pause mode. Market interest rates were stable and the weakening of the dollar since the turn of the year continued to weigh on global equities.</p><p>The fund thus continues to outperform the index over both twelve months and three years. The positive performance was driven by strong Q3 reports and a favorable market environment, despite the fund's more defensive profile with a beta of 0.90.</p><p>Above all, Ericsson and Volvo Cars contributed with clear gains after reports that were better than expected, which strengthened the fund's relative return. </p><p>During the autumn, the fund gradually reduced its underweight in the industrial sector while also reducing its previous overweight in banking. The adjustments mean a slightly increased cyclical exposure ahead of the end of the year, although the risk level remains subdued.</p><p>The fund's largest holdings were Investor (7.47 percent), followed by Astra Zeneca (5.24 percent) and Atlas Copco (5.19 percent).</p><p>In terms of sector distribution, industry was the largest at just over 29 percent, followed by finance and information technology, with portfolio weights of 24.84 and 10.70 percent, respectively.</p><table><tbody><tr><td>Länsförsäkringar Sverige Vision A, %</td><td>October, 2025 </td></tr><tr><td>Fund MM, change in percent</td><td> 4 </td></tr><tr><td>Index MM, change in percent</td><td> 4 </td></tr><tr><td>Fund this year, change in percent</td><td> 12 </td></tr><tr><td>Index this year, change in percent</td><td> 10 </td></tr></tbody></table></div></div>

愛立信

沃爾沃(ADR)

<p>Länsförsäkringar Sverige Vision A 基金在十月份上漲了 4.85%，表現優於其基準指數的 4.13% 的漲幅。自年初以來，該基金回報率為 12.70%，超過了指數的 10.25% 的漲幅。愛立信和沃爾沃汽車對基金的表現產生了積極貢獻。該基金調整了其行業配置，增加了週期性行業的敞口，同時保持了防禦性特徵。其最大持倉包括投資者、阿斯利康和阿特拉斯·科普柯</p>

Länsförsäkringar Sverige Vision 在十月份上漲了 4.85%，愛立信和沃爾沃汽車對此做出了積極貢獻