Evli Factor Premia

Market-neutral factor investing across asset classes

NAV
25.02.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
75.446 -1.68 -7.26 -4.17 - -4.68
NAV
25.02.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
85.293 -1.68 -7.26 -4.17 - -4.68
NAV
25.02.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
86.716 -1.60 -6.79 -3.69 - -4.20
NAV
25.02.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
86.716 -1.60 -6.79 -3.69 - -4.20
NAV
25.02.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
93.127 -1.54 -5.89 -1.54 - -2.12

Risk

4/7

Morningstar

0/5

Recommended Investment Horizon

4 years or more

Administrative fees

1.00 % p.a.

+ performance-based fee of 10% of the portion of the return that exceeds the return of the reference value. The reference value is ICE BofAML Euro Currency 3-month Deposit Offered Rate Constant Maturity Index + 3% per year. The performance difference is calculated on the basis of daily observations, and the high watermark principle is applied to it for a minimum period of 24 months.


Suitable for investors

  • who aim to benefit from a low correlation with traditional asset classes by utilizing market-neutral factor strategies
  • who seek a higher risk-adjusted return
  • who accept leveraging and shorting in the Fund’s investment process, which enables a higher return potential, but also a higher risk level
  • who seek an absolute instead of a relative return over the long-term
  • who are ready to tolerate price swings over the short-termwho want to invest responsibly and take into account not only economic analysis but also environmental, social and good governance (ESG) factors.

Please contact the Investor service

min. 1 000 €

Investment Policy 

Evli Factor Premia Fund’s (AIF) investment decisions are based on global systematic market neutral factor strategies, for example in equities, equity indices, commodities, foreign currencies and fixed income instruments. The strategies are mainly implemented with standardized and non-standardized derivatives. The Fund's investments are diversified broadly across several asset classes and academically proven factor-based investment styles such as value, trend, quality, carry and momentum. In order to capture the desired exposure to chosen factors, the fund may buy and short sell securities. The fund aims for a low correlation with traditional asset classes by utilizing market-neutral investment strategies typical to hedge funds.

The objective of the fund's investment operation is to reach a maximal return on the 8% volatility level set as the long-term objective. To reach the desired risk level, the fund is allowed to use a maximum leverage of 20. The leverage level of the Fund varies, especially according to the amount of fixed income instruments. The exposure calculated from interest rate derivatives is normally high due to the calculation method of the underlying asset class. The expected risk level of the fund is, however, maintained at a standard level over time.

The fund may invest its assets in standardized and non-standardized derivatives contracts both for hedging purposes and within the Fund's investment strategy.

The fund does not have an official benchmark index, and is not subject to restrictions regarding any sector or country within its geographical investment coverage. The Fund's base currency is the euro.

Responsibility

It is not possible to calculate ESG scores for the instruments the fund uses in the same way as it is for equities and corporate bonds. To the extent that the fund invests in Evli's equity and fixed income funds, it complies with Evli's Principles for Responsible Investment.

 

The portfolio is managed by

Mattias Lagerspetz

Mattias Lagerspetz

Peter Lindhal

Peter Lindhal

Antti Sivonen

Antti Sivonen

Investment Objective and Risks

The objective of the Fund's investment operation is to reach a maximal return on the 8% volatility level set as the long-term objective.

The Fund's investments are diversified broadly across several asset classes and academically proven factor-based investment styles such as value, trend, quality, carry and momentum.

Fund facts

Type of fund Global alternative investment fund (AIF)
Investment activity began 01.11.2017
Benchmark index

The fund does not have an official benchmark index. The refence value of the fund’s performance-based fee is ICE BofAML Euro Currency 3-month Deposit Offered Rate Constant Maturity Index + 3% per year (shown in the graph above).

Profit distribution Fund-units are divided into A and B units. Profit share of at least 4% is distributed on A units annually.

Downloadable files