Evli GEM

Equity fund that invests in emerging markets’ companies globally

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
149.764 9.89 14.07 6.30 10.73 11.80
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
176.425 9.89 14.07 6.30 10.73 11.80
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
146.070 9.80 28.01 6.08 - 9.89

Risk

6/7

Morningstar

2/5

Recommended Investment Horizon

9 years or more

Administrative fees

1,80 % p.a.

Suitable for investors

  • who want to get involved in actively managed equity portfolio in emerging markets
  • who wish to benefit from the potential returns of investing in emerging markets equities in the long term
  • who are prepared to tolerate large price fluctuations in the short term
  • 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 GEM Fund is an equity fund that invests its assets primarily in emerging markets equities. The fund's geographical investment coverage consists typically of emerging markets in Asia, Africa, Europe, Latin America and the Middle East.

The fund's investment strategy is active and is based on stock selection. The fund does not have any sector or country restrictions within its geographical investment area, and it may, for example, also invest in the equities of emerging economies whose equity markets and financial development are still at an early stage of advancement. The fund's investment strategy emphasizes underpriced companies that generate cash flow and have strong debt coverage.

Responsibility

ESG factors are integrated into the fund’s investment decisions, and the fund follow Evli's general exclusion practices. The fund’s investments are monitored for violations of UN Global Compact norms and the Climate Change Principles, and the fund engages with the companies it invests in or excludes them if violations are detected. The fund's ESG indicators are reported in a fund-specific ESG report, which is updated four times a year.

Read more about Evli's responsible investing

 

The portfolio is managed by

Hans-Kristian Sjoholm

Hans-Kristian Sjöholm

Wilhelm Bruun

Wilhelm Bruun

Marjaana Haataja

Marjaana Haataja

Kati Viljakainen

Kati Vailjakainen

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 return expectation and risk level are high, we recommend the fund to experienced investors with long investment horizons. All the fund’s assets are invested in emerging markets equities, which means that the fund’s value may fluctuate abruptly within a short period as a result of the general performance of the target markets and exchange rate fluctuations. The fund's investments outside the euro area carry an exchange rate risk.

Monthly review

31.01.2021

The Fund’s return was 2.6% in January, while the return of the benchmark index was 3.8%. The Fund’s return since 25.1.2016 (when the Fund was launched) was 10.4% p.a., while the benchmark return was 13.2% p.a.

By sector, both sector weights and stock selection weakened the return differential in the aggregate. Harmful effects came e.g. from selection in information technology and from an underweight in consumer discretionary. On the other hand, e.g. selection in materials and an underweight in financials impacted positively. Also viewed by country, both country weights and stock selection weakened the return differential. The most harmful effects came from selection in Taiwan and from an underweight in China, while the most beneficial ones came from selection in South Korea. By stock, the top attributors were Kumho Petrochemical, Weichai Power, and IGG. The most negative attribution effects came from the fact that Tencent and Taiwan Semiconductor Manufacturing Company were not in the portfolio and from our investment in Dongsuh Companies.
 
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 Equity fund that invests in emerging markets’ companies globally (UCITS)
Investment activity began 25.01.2016
Benchmark index

MSCI Emerging Markets TR Net (USD)

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