Evli Global X

An active equity fund that excludes companies operating in certain sectors

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
96.572 -8.60 2.96 - - 2.27
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
104.798 -8.60 2.96 - - 2.27
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
106.119 -8.32 3.58 - - 2.88

Risk

5/7

Morningstar

0/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.60 % p.a.

Suitable for investors

  • who want to invest in an actively managed and globally diversified international equity portfolio
  • who want to benefit from the return opportunities of global equity markets in the long term but accept the price volatility typically associated with equity investment that may be significant in the short term
  • whose investment principles include negative screening and exclusion of companies.

Invest

min. 1 000 € or 50 €/month

Evli Global X Fund is an equity fund that invests globally in equities. The fund’s investment strategy is active. The fund invests primarily in developed economy equities in Europe, North America, Japan and Australia. The fund focuses on underpriced companies that generate cash flow and have strong debt coverage.

The Fund's investment policy complies with Evli Fund Management Company's policies for responsible investment, in addition to which the Fund excludes from its investments companies with substantial business in the following areas: alcohol, weapons and firearms, tobacco, gambling, fossil fuels, nuclear power, adult entertainment or GMOs. In addition, the Fund may exclude individual companies based on international business standards.

 

The portfolio is managed by

Wilhelm Bruun

Wilhelm Bruun

Marjaana Haataja

Marjaana Haataja

Investment Objective and Risks

The aim is to earn a return which is similar to Evli Global Fund, taking company exclusion into consideration.

Look at Evli Global

Monthly review

31.05.2020

The Fund’s return was 4.7% in May, while the return of the benchmark index was 3.3%. The Fund’s return since 31.5.2018 (when the Fund was launched) was 1.5% p.a., while the benchmark return was 5.8% p.a.

By sector, both sector weights and stock selection improved the return differential. Positive effects came e.g. from selection in consumer discretionary, from an underweight in financials, and from an overweight in industrials. Geographically, the positive return differential was mainly due to stock selection in the US and Japan. By stock, the top attributors were Nexon, JCU, and Polaris. The bottom attributors were NTT Docomo, Cognizant, and Compass.

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 14 positions and entered into 13 new positions, while 52 positions remained the same. Our stock selection did not result in significant changes in sector, country, or currency weights. However, the portfolio weight in large caps increased, while the small cap weight diminished.

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. The Fund does not invest in companies that have substantial business in the following areas: alcohol, weapons and firearms, tobacco, gambling, fossil fuels, nuclear power, adult entertainment and GMOs.

Fund facts

Type of fund International equity fund (UCITS)
Investment activity began 31.05.2018
Benchmark index

MSCI World 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