Evli GEM

Equity fund that invests in emerging markets’ companies globally

NAV
02.07.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
119.680 -12.36 -3.81 1.27 - 8.05
NAV
02.07.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
140.986 -12.36 -3.81 1.27 - 8.05
NAV
02.07.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
107.309 -12.37 -4.49 0.74 - 2.12

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.

Invest

min. 1 000 € or 50 €/month

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.
 

 

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

31.05.2020

The Fund’s return was -0.6% in May, while the return of the benchmark index was -0.9%. The Fund’s return since 25.1.2016 (when the Fund was launched) was 6.9% p.a., while the benchmark return was 8.1% p.a.

By sector, sector weights –especially an underweight in financials– improved the return differential in the aggregate. Stock selection weakened the relative return. The most harmful selection effects came from consumer staples and the most beneficial ones from industrials. Geographically, the net effect of country weights on the return differential was positive due to e.g. an underweight in China. Selection effects were rather small across the countries and, as a whole, they had a neutral impact on the relative return. The net effect of currency weights on the return differential was slightly positive. An underweight in HKD helped the Fund the most, while an overweight in TWD had the most harmful impact. By stock, the most positive attribution effects came from our investments in Kumba Iron Ore and Sinotruk Hong Kong, and from Taiwan Semiconductor not being in the portfolio. The bottom attributors were Astral Foods, Macronix International, and Geely Automobile Holdings.

Despite the market turmoil caused by the coronavirus, we have continued to systematically implement our investment process. From the end of February to the end of May, we exited two positions and entered into three new positions, while 57 positions remained the same. 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