Evli Nordic

Equity fund that invests in Nordic companies

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
201.708 3.21 35.13 12.62 13.18 9.26
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
358.476 3.21 35.13 12.62 13.18 9.26
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
115.101 3.31 - - - 15.10

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 invest in the Nordic equity markets with a well diversified portfolio
  • who are prepared to tolerate greater price fluctuations in the short term in order to seek a better return in the long 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 Nordic Fund is an equity fund that invests its assets primarily in Nordic equities. The Fund’s investment strategy emphasizes underpriced companies that generate cash flow and have strong debt coverage. The fund is not subject to restrictions concerning index, sector or country within the Nordic countries.

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

Wilhelm Bruun

Wilhelm Bruun

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

31.01.2021

The Fund’s return was -1.5% in January, while the return of the benchmark index was 0.9%. The Fund’s return since 1.11.2012 (when present management took over) was 14.4% p.a., while the benchmark return was 11.6% p.a.

By sector, the net effect of stock selection on the return differential was negative. Selection was harmful e.g. in information technology, industrials, and energy. Sector weights, such as a lack of investments in financials, also weakened the relative return in the aggregate. Geographically, the negative return differential was mainly due to stock selection in Sweden. Country weights, e.g. an underweight in Denmark, improved the relative return somewhat. By stock, the most positive attribution effects came from the fact that Vestas Wind Systems was not in the portfolio and from our investments in Atea and Valmet. The bottom attributors were Coor Service Management, Knowit, and Eolus Vind.

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 Nordic equity fund (UCITS)
Investment activity began 29.09.2006
Current strategy since 01.11.2012
Benchmark index VINX Benchmark Cap EUR_NI
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