Evli North America

Equity fund that invests in North American 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
178.611 11.04 24.77 12.61 12.66 7.64
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
360.217 11.04 24.77 12.61 12.66 7.64

Risk

6/7

Morningstar

3/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.60 % p.a.

Suitable for investors

  • who want to invest in the US 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 North America Fund is an equity fund that invests its assets primarily in North American companies. The Fund’s investment strategy emphasizes underpriced companies that generate cash flow and have strong debt coverage. The Fund does not have any index, sector or country restrictions within North America.

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

Hans-Kristian Sjoholm

Hans-Kristian Sjöholm

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 2.4% in January, while the return of the benchmark index was -0.2%. The Fund’s return since 30.9.2011 (when present management took over) was 13.2% p.a., while the benchmark return was 16.1% p.a.

By sector, stock selection improved the return differential in the aggregate, especially in consumer discretionary and industrials. Sector weights weakened the relative return somewhat mainly due to an overweight in industrials. By stock, the top attributors were Sleep Number, Hibbett Sports, and Gibraltar Industries. The most negative attribution effects came from the fact that Microsoft and Tesla were missing from the portfolio and from our investment in Anika Therapeutics.

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 Equity fund investing in North America (UCITS)
Investment activity began 06.10.2003
Benchmark index

MSCI North America 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