Hi @Mario_Ferreira,
First of all thanks for using Lysa, and here is an answer to your question about why we believe having a home bias is a good thing for Swedish investors.
Your portfolio in Lysa consists indeed of several different underlying index-linked equity funds to give your savings the best opportunity to grow through good risk diversification. Internationally, the Swedish economy makes up approximately 1% of the world economy, but we have a home bias of 20% towards Sweden. We believe this is justified because the price development of real assets in Sweden is related to how the Swedish stock market develops over time. Generally speaking, most people living in Sweden have a higher exposure to the stock market in Sweden, and given a marked increase in the value of the stock market here, these will relatively have stronger purchasing power. For example, if a person living in Sweden wants to buy a house, they will compete with other people living in Sweden to get it. By having a larger portion of the portfolio towards the Swedish market the thought is that you will be more competitive in these types of situations than if you had 1 % exposure towards Sweden in your portfolio. This, we believe, justifies the home bias.
We invest the remaining 80% of your portfolio globally and not just in the US. For example, North America, Europe, emerging markets and much more, which in total amounts to over 8000 companies for the broad investment option. However, it is important to remember we do not follow or try to beat any specific index - instead we try to mimic how the global market develops in order to give you the best risk-adjusted return.
Feel free to read more of the details in our White paper (Swedish): https://lysa.se/whitepaper/
Best wishes,
Team Lysa