Evli Swedish Small Cap

Equity fund that invests in small and medium-sized Swedish companies (SEK-denominated)

NAV
20.01.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
5030.456 1.10 50.49 29.65 22.10 17.75
NAV
20.01.2021
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
7910.229 1.10 50.49 29.65 22.10 17.75

Risk

6/7

Morningstar

4/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.60 % p.a.

Suitable for investors

  • who wish to invest in Swedish small caps
  • who are looking to diversify their current portfolio
  • 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 SEK or 50 €/month

Investment Policy

Evli Swedish Small Cap Fund is an equity fund that invests mainly in equities and equity related securities of publicly traded small and medium sized Swedish companies. When selecting investments the main focus is on solid, well-managed companies with an attractive fundamental valuation. The portfolio is concentrated to a smaller amount of holdings (30 - 40 equities), which means possible higher returns but with a higher risk compared to a broad Swedish equity fund.

The fund’s base currency is the Swedish krona.

Responsibility

ESG factors are integrated into the fund's investment decisions, and the fund follows Evli's broader exclusion practices. In addition to Evli’s general exclusion practices, the fund excludes companies with significant business in the following sectors: alcohol, weapons, tobacco, adult entertainment or gambling. In addition, fossil fuel extracting, mining, drilling and refining companies are excluded from the fund's investments. 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

Janne Kujala

Janne Kujala

Investment Objective and Risks

The aim is to achieve a high return which, in the long term, exceeds the return of the benchmark index.

Monthly review

31.12.2020

In December, global equity markets capped a volatile year by making new all-time highs in many markets.

Just some of the markets and indices making new highs were the US (SnP500, Nasdaq), the Nordics (OMX Stockholm, OMX Copenhagen, OMX Helsinki Capped) as well as Japan (Nikkei) and Emerging Markets (MSCI Emerging markets index). A broad bull market, then.
 
Conspicuously missing from this list is most of Europe – indeed, Stoxx600 is once again around the levels first seen at the height of the dot-com mania in 2000, and visited several times in the past two decades, but never exceeded in any sustained manner.

Swedish small caps, however, haven’t been afflicted by whatever is ailing sclerotic ol’ Europe’s public equity markets. The fund’s benchmark was up by more than 5 %, and there were some stellar performers in our portfolio helping us outperform the benchmark. Positively contributing to relative performance the most were our overweights in Renewcell (up by nearly 90 % in a vacuum of news since listing in November) and Storytel (shares up by 25 %). The two biggest drags against benchmark performance were our underweights in Husqvarna (buoyed by analyst upgrades) and Avanza (company sees growth opportunities).

In December, we exited our holding in newly listed Offentliga Hus after a bid by a competitor. We also sold our position in Arise. Boozt is new position in the fund. 

Fund facts

Type of fund Swedish smaller companies fund (UCITS)
Investment activity began 29.05.2008
Benchmark index Carnegie Small Cap Return Index Sweden
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 SEK or 50 €/month