Evli Global X

An active equity fund that excludes companies operating in certain sectors

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
131.092 -4.46 18.38 15.79 - 11.40
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
148.199 -4.46 18.38 15.79 - 11.40
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
151.473 -4.42 19.10 16.49 - 12.07

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 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
  • 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 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.

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 focuses on the ESG risks 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 wider exclusion practices. In addition to Evli’s general exclusion practices, the fund excludes companies with significant business in the following sectors: alcohol, weapons, tobacco, gambling, fossil fuel mining, extraction, drilling and refining, nuclear power, adult entertainment or GMOs. The fund may additionally exclude individual companies on the basis of international business standards. The companies invested in by the fund are 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 fund’s ESG indicators are reported in a fund-specific ESG report which is 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

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

31.12.2021

The Fund’s return was 5.64% in December, while the return of the benchmark index was 4.42%. The Fund’s return since 31.5.2018 (when the Fund was launched) was 13.01% p.a., while the benchmark return was 15.75% p.a.

The positive return differential was due to stock selection, which was beneficial especially in consumer discretionary and information technology, and geographically, in the US. By stock, the most positive attribution effects came from our investment in Forward Air and from the fact that Amazon and Nvidia were not in the portfolio. The most negative attribution effects came from Apple not being in the portfolio and from our investments in Trend Micro and Target.

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