Evli Europe

Equity fund that invests in European companies

NAV
13.04.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
69.920 15.24 55.66 8.55 7.72 2.52
NAV
13.04.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
166.953 15.24 55.66 8.55 7.72 2.52
NAV
13.04.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
146.587 15.44 56.61 9.21 - 9.06

Risk

6/7

Morningstar

4/5

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
  • who want to invest responsibly and take into account not only economic analysis but also environmental, social and good governance (ESG) factors.

Invest

min. 1 000 € or 50 €/month

Investment Policy 

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.

Responsibility and consideration of sustainability factors 

SFDR classification*: light green

The fund promotes sustainability factors as part of investment operations by integrating responsibility factors into investment analyses and by engaging with and excluding companies. ESG aspects are integrated into investment decisions not only by considering their financial impacts on the company, but also by assessing unquantifiable good governance factors and compliance with the principles of the UN Global Compact. The fund’s investment strategy is based on stock selection, and therefore focus on the ESG risks that are relevant to each individual company. Whenever a company has a significant and unresolved ESG issue, as defined by the research process, the company becomes ineligible for investment. Analysis is carried out by the fund’s portfolio managers with the support of MSCI’s ESG database and research and Evli’s Responsible Investment team. The fund follows Evli’s general exclusion practices. The companies invested in by the fund is monitored for violations of UN Global Compact standards and the Climate Change Principles, and they are engaged with or excluded if violations are detected. The ESG indicators of the fund is reported in fund-specific ESG reports, which are updated four times a year. The fund’s benchmark index is a market-based index that does not consider sustainability risks or sustainability factors. The benchmark index used by the fund can be found in the fund-specific key investor information document.

*In accordance with the Sustainable Finance Disclosure Regulation (SFDR), Evli’s funds are classified into three categories with respect to sustainability factors: mainstream funds do not address sustainability factors, light green funds promote sustainability factors among other features, and dark green funds aim to make sustainable investments
 

Read more about Evli's responsible investing

 

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

28.02.2021

The Fund’s return was 5.6% in February, while the return of the benchmark index was 2.5%. The Fund’s return since 31.3.2010 (when present management took over) was 10.0% p.a., while the benchmark return was 6.5% p.a.

By sector, stock selection improved the return differential in the aggregate, e.g. in information technology, consumer staples, and industrials. Sector weights also had a positive net effect on the relative return. The most beneficial of them were underweights in health care and consumer staples and a lack of investments in utilities, while an underweight in financials harmed the Fund the most. Geographically, selection in the UK and Germany improved the return differential the most. By stock, the top attributors were Aggreko, Dialog Semiconductor, and Publicis, while the most negative attribution effects came from our investments in Uponor and Legrand and from the fact that HSBC was not in the portfolio.

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
Current strategy since 01.04.2010
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