Evli Nordic

Equity fund that invests in Nordic companies

NAV
20.01.2022
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
211.448 -5.53 9.72 17.04 11.11 9.32
NAV
20.01.2022
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
391.482 -5.53 9.72 17.04 11.11 9.32
NAV
20.01.2022
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
126.380 -5.50 10.38 - - 20.56

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 and consideration of sustainability factors 

SFDR classification*: article 8, 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

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

31.12.2021

The Fund’s return was 5.71% in December, while the return of the benchmark index was 5.12%. The Fund’s return since 1.11.2012 (when present management took over) was 15.23% p.a., while the benchmark return was 13.50% p.a.

The return differential was improved by the Fund’s underweight in financials and even more so by its overweight in consumer discretionary, whereas stock selection in the latter sector had a negative impact. Geographically, stock selection had beneficial effects on the relative return in all other countries except Finland, and country weights also helped. By stock, the most positive attribution effects came from the fact that EQT and Vestas Wind Systems were not in the portfolio and from our investment in Europris. The most negative attribution effects came from Evolution missing from the portfolio, from our investment in Dustin Group, and from the fact that Atlas Copco 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 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