Evli Europe

Equity fund that invests in European companies

NAV
12.09.2019
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
57.946 20.02 2.94 2.89 5.65 1.28
NAV
12.09.2019
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
127.463 20.02 2.94 2.89 5.65 1.28
NAV
12.09.2019
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
110.854 20.52 3.56 - - -

Risk

6/7

Morningstar

3/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.60 % p.a.

Suitable for investors

  • who want to benefit from the return opprotunities of investing in European equity markets
  • who want to diversify their investments across a wider array of countries and sectors within Europe.

Invest

min. 1 000 € or 50 €/month

Evli Europe Fund is an equity fund that invests its assets primarily in European equities. The Fund’s investment strategy emphasizes underpriced companies that generate cash flow and have strong debt coverage. The Fund does not have any index, sector or country restrictions within Europe.

 

The portfolio is managed by

Hans-Kristian Sjoholm

Hans-Kristian Sjöholm

Investment Objective and Risks

The aim is to earn a return which, in the long term exceeds the return of the benchmark index.

As the fund's assets are invested in equities or equity-linked securities, the fund unit value can fluctuate significantly within a short period. The fund's investments carry an exchange rate risk.

Monthly review

31.08.2019

The Fund’s return was -2.6% in August, while the return of the benchmark index was -1.4%. The Fund’s return since 31.3.2010 (when present management took over) was 8.9% p.a., while the benchmark return was 6.8% p.a.

By sector, both stock selection and sector weights weakened the return differential. The most negative effects came from selection in industrials, from underweights in consumer staples and health care, and from an overweight in consumer discretionary. Underweights in financials and energy had the most positive effects. Geographically, stock selection weakened the return differential in the aggregate. Although selection especially in Denmark improved the relative performance, in many other countries –such as the UK– selection effects were negative. Country weights had an almost neutral net effect on the return differential. The most harmful of them was an underweight in Switzerland and the most beneficial one an overweight in Denmark. Of currency weights, an overweight in SEK and an underweight in CHF weakened the relative return somewhat. By stock, the top attributors were Pandora, Carlsberg, and Novo Nordisk, while the most negative attribution effects came from our investment in Playtech, from Nestle missing from the portfolio, and from our investment in Mondi.

We invest in underpriced companies that generate cash flow and have strong debt coverage. There are no benchmark, sector, geographical or market cap constraints within the investment universe.

Fund facts

Type of fund European equity fund (UCITS)
Investment activity began 31.08.2000
Benchmark index

MSCI Europe TR Net (EUR)

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

Invest

min. 1 000 € or 50 €/month