Evli Finland Select

Equity fund that invests in Finnish companies

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
14.429 -6.46 0.86 3.36 7.09 11.33
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
39.878 -6.46 0.86 3.36 7.09 11.33

Risk

5/7

Morningstar

3/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.80 % p.a.

Suitable for investors

  • who wish to invest in an actively managed and well diversified Finnish equity portfolio
  • who are prepared to tolerate higher volatility in the short term to earn a higher return in the long term.

Invest

min. 1 000 € or 50 €/month

Evli Finland Select is an actively managed equity mutual fund investing primarily in the shares of publicly listed Finnish 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.

 

The portfolio is managed by

Janne Kujala

Janne Kujala

Investment Objective and Risks

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

Monthly review

31.05.2020

This year, investors just weren’t in a “sell in May and go away” mood.

Instead global equity markets took another step higher, leaving many wondering about the seeming disconnect between the real economy and the stock market. Another age-old stock market saying, “don’t fight the Fed”, might be of help in trying to understand the diverging fortunes of Wall Street and Main Street. We’re just guessing of course. Momentum and growth styles prevailed strongly for most of May, though value and cyclicals started performing during the last week. A broadening of stock market strength likely would be a good thing for the longevity of the rally.

The fund performed inline with the benchmark index in May. Relative performance was aided the most by our overweight in Outotec (no major news) and underweight in Elisa (bond proxies not in vogue this month). Biggest detractors from relative performance were our overweights in Alma Media and Terveystalo (no major news in either).

In May we opened a new position in Qt Group, and reduced our holding in Sanoma.

Looking back to notable portfolio changes during the corona crisis, in the March-May period we entered 3 new positions and exited 3 positions. As a principle, we build our fund bottom-up in a way that should result in a resilient portfolio come what may on the macro front, and don’t base our selections on a view of the economy. Hence, our new positions (Raisio, Kesko and Qt Group) aren’t based on what we think the world will be like in the wake of the pandemic, but rather on the market providing attractive entry points to stocks we think likely are good investments.

Fund facts

Type of fund Finnish equity fund (UCITS)
Investment activity began 16.10.1989
Benchmark index

OMX Helsinki Cap GI

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