International allocation fund that invests equally in equities and fixed income instruments
Evli Global Multi Manager 50 Fund is an allocation fund that invests globally in both equities and fixed income instruments. The investments will be diversified through other mutual funds or foreign UCITS in various equity markets, government bonds, corporate bonds, the emerging markets and money markets.
The ratio of the fund's equity investments may vary within the range of 30% to 70%, the neutral equity weighting being 50%. The allocation between asset classes will be actively adjusted according to Evli's market and allocation view and by using a process developed for the selection of mutual funds. Some of the investments are targeted using academically verified factors.
The portfolio is managed by
Evli Fund Management Company
Investment Objective and Risks
The aim is to earn a return which, in the long term, exceeds the return of the benchmark index.
|Type of fund||International allocation fund (UCITS)|
|Investment activity began||16.11.1999|
|Current strategy since||31.08.2017|
3-month Euribor index 50%, MSCI Europe TR Net 50%
|Profit distribution||Fund-units are divided into A and B units. Profit share of at least 4% is distributed on A units annually.|
Responsibility and consideration of sustainability factors
Sustainability information in accordance with Articles 6 and 8 of the EU SFDR regulation 2019/2088 (sustainability‐related disclosures in the financial services sector).
The fund promotes environmental and social characteristics in accordance with Article 8 of the SFDR.
Sustainability risks are taken into account in investment decisions
When building and monitoring the fund’s investment portfolio, traditional financial and other key indicators, such as risk and valuation indicators, and also sustainability risks are taken into account in investment decisions. In addition to the analysis made in connection with investment decisions, the sustainability risk is managed with the exclusion of certain sectors and/or companies. When realized, material sustainability risks can affect the financial performance of the fund’s investment instruments, and therefore the fund’s return.
Excluding certain sectors and/or financial instruments from investment can reduce the fund’s sustainability risk. It can, however, increase the fund’s concentration risk. A potential increase in concentration risk, taken in isolation, may lead to greater volatility and increase the risk of loss.
Environmental and social characteristics
The fund is a multi-asset fund that invests globally in both equities and fixed income instruments. The investments will be diversified through other mutual funds or foreign collective investment schemes in various equity markets, government bonds, corporate bonds, the emerging markets and money markets. In accordance with its investment strategy, the fund commits to investing at least 75 percent of its assets in funds that, in addition to other characteristics, promote environmental and/or social factors or whose objective is to make sustainable investments.
Evli has built an internal ESG database based on data produced by MSCI ESG Research and ISS ESG, which it uses to monitor the ESG factors of funds managed by Evli Fund Management Company. An ESG score is calculated for each fund and ETF, reflecting how well the companies the fund has invested in have taken sustainability risks and opportunities into consideration as a whole. The indicators also include company-specific ESG scores and their development, information on any UN Global Compact violations, the company’s reputation risk, carbon footprint and the proportion of fossil reserves.
In addition, Evli engages with target companies in the funds managed by Evli Fund Management Company in accordance with Evli’s ownership control principles. Engagement may be motivated by violations of UN Global Compact norms or reasons related to climate goals.
Other investment instruments than those managed by Evli Fund Management Company promote environmental and/or social characteristics or make sustainable investments in accordance with their own investment strategy and measure the promotion of sustainability factors in accordance with their own principles.
The carbon footprint and emission indicators of the target companies of the funds covered by the strategies and managed by Evli Fund Management Company are measured and monitored, and a regular scenario analysis is conducted to monitor the attainment of Evli’s general climate targets.
Evli’s goal is to achieve carbon neutrality in investments by 2050 at the latest, and it has set a target of a 50 percent reduction in indirect emissions from all investments by 2030, provided that this is possible in the investment environment. The comparison year is 2019. The attainment of the climate targets will be measured using data from ISS ESG and MSCI ESG to monitor the fund’s carbon footprint and intensity, the degree of low-carbon transition, a scenario analysis in relation to the 1.5 degree warming target and the warming ratio associated with the fund.
The EU Taxonomy Regulation defines economic activities that are environmentally sustainable. In order for an economic activity to be considered environmentally sustainable under the EU Taxonomy Regulation it must not, in addition to contributing to one or more environmental objectives, cause significant harm to other environmental objectives mentioned in the Regulation. The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities. The Fund is not committed to making sustainable investments in accordance with the EU Taxonomy Regulation.
Good governance policy
Funds managed by Evli Fund Management Company that the fund invests in comply with Evli’s ownership control principles, which require that the companies invested in engage in good governance by complying with the Finnish Corporate Governance Code issued by the Securities Market Association, for example, or corresponding foreign guidelines, which often impose a partial framework on the remuneration models of the invested companies.
The other mutual funds that the fund invests in that promote environmental or social characteristics in addition to other characteristics, or whose objective it is to make sustainable investments, are committed to taking the good governance practices of target companies into account in their investment activities.
In its investment decisions, the fund commits to invest at least 75 percent of its assets in funds that either promote environmental and/or social characteristics or are aimed at making sustainable investments.
Evli’s Principles for Responsible Investment and exclusion
The Fund’s investments comply with Evli’s Principles for Responsible Investment with regard to assets invested in mutual funds managed by Evli. Evli's Principles for Responsible Investment define the basic standards for norm-based screening and exclusion of companies. For example, they prohibit investments in companies that produce controversial weapons or nuclear weapons and in companies where the proportion of revenue from coal or oil sands exceeds a specified limit.
With regard to Evli funds invested in by the fund, Evli’s Responsible Investment Team conducts regular monitoring on the basis of which it will take the necessary measures with respect to companies that are suspected of having violated international laws and regulations. Such companies can either be excluded directly or Evli can engage with them. If dialogue with a company fails or is deemed to be unhelpful, the company may be added to the exclusion list.
Benchmark index and fund responsibility profile
The fund’s benchmark index is a market-based index that does not consider sustainability factors. The benchmark index used by the fund can be found in the fund-specific key investor information document.
min. 1 000 € or 50 €/month
Evli Varainhoito 50