Evli Nordic

Equity fund that invests in Nordic companies

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
153.737 -1.34 2.63 3.42 8.12 7.57
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
273.223 -1.34 2.63 3.42 8.12 7.57

Risk

5/7

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.

Invest

min. 1 000 € or 50 €/month

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.

 

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

31.05.2020

The Fund’s return was 10.4% in May, while the return of the benchmark index was 6.6%. The Fund’s return since 1.11.2012 (when present management took over) was 11.9% p.a., while the benchmark return was 9.7% p.a.

By sector, the net effect of both sector weights and stock selection on the return differential were positive. The most beneficial effects came from selection in industrials and from an overweight in consumer discretionary, while the most harmful ones came from selection in materials. Geographically, the positive return differential was mainly due to stock selection in Sweden. By stock, the top attributors were Instalco, LeoVegas, and Nolato. The most negative attribution effects came from Genmab not being in the portfolio and from our investments in Coor Service Management and TGS-NOPEC Geophysical.

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 20 positions and entered into 22 new positions, while 24 positions remained the same. Compared to the early part of the year, our stock selection resulted in a higher portfolio weight in small caps and a lower weight in mid caps by the end of May. In addition, Denmark’s weight in the portfolio decreased and the weights of the other portfolio countries increased. 

Fund facts

Type of fund Nordic equity fund (UCITS)
Investment activity began 29.09.2006
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