Evli Finnish Small Cap

Equity fund that invests in Finnish small cap 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
686.003 -5.33 21.22 29.42 17.11 13.57
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
93.759 -5.30 - - - -6.24

Risk

6/7

Morningstar

5/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.60 % p.a.

Suitable for investors

  • who wish to invest in an actively managed and diversified portfolio of Finnish small cap equities
  • who are prepared to tolerate greater price fluctuations in the short term in order to earn 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 Finnish Small Cap Fund is an actively managed equity fund that invests its assets primarily in the shares of publicly listed Finnish small and mid cap companies. The aim of the fund is to exceed the total return of the benchmark index over the long term. Stock selection is the main source of outperformance, and every position is expected to contribute to fund performance. Therefore the fund has a focused portfolio of only about 25-30 individual stocks.

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. In the investment process the portfolio manager assesses the company from an ESG perspective as part of the overall investment decision. In the ESG analysis, the portfolio manager sets the most important ESG themes and risks for the company and the company’s sector. Identifying companies’ key ESG themes and risks helps the portfolio manager focus on the most important areas in the investment monitoring phase and in discussions with the companies’ management. The fund follows Evli’s general exclusion practices. The general meetings of the companies in the fund is attended on the basis of a company-specific assessment. 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 ESG indicators of the fund are 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

Janne Kujala

Janne Kujala

Investment Objective and Risks

The aim is to achieve a return which, over a period of more than four years, exceeds the return of the benchmark index.

As all of the fund’s assets are invested in the equities or equity-linked securities of small cap companies, the fund unit value can fluctuate abruptly within a short period. The fund’s overall risks are reduced by diversifying the portfolio, rather than focusing on a single issuer’s equities.

Monthly review

31.12.2021

December capped a good year for equity markets with style.

Surging numbers of covid-19 cases all over the world didn’t seem to concern investors in December. What seemed to cause cracks in bullishness was a more hawkish Fed. An intent to start tightening monetary policy earlier than previously presumed was made clear in a speech by chairman Powell, causing choppy markets in the first half of December. Equities found their composure after the Fed meeting in mid-December, despite a confirmation of an overall more hawkish message from the central bank. The S&P500 was up by more than 4 % in December and made another new-all-time high in the last week of the year. Finnish equities followed suit, with the OMX Helsinki Cap gaining +4.6 %. 

The fund and the benchmark were neck and neck in December. Relative performance was hurt the most by our overweights in Talenom and Marimekko (no major news in either). Biggest contributors to relative performance were our overweights in stock market debutante Kempower (stock up 100 % from IPO price) and Puuilo (very strong Q3 report).

In December, we sold the remainder of our holding in Consti. We participated in the IPO of Kempower, an EV charging station manufacturer.

Fund facts

Type of fund Finnish Equity fund (UCITS)
Investment activity began 04.12.1992
Current strategy since 04.10.2020
Benchmark index Carnegie Small CSX Return Finland
Profit distribution Fund contains only growth units B, on which no annual return is distributed.

Downloadable files

Invest

min. 1 000 € or 50 €/month