Evli Finland Select

Equity fund that invests in Finnish companies

NAV
27.03.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
11.266 -26.96 -20.13 -2.32 0.97 10.53
NAV
27.03.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
31.135 -26.96 -20.13 -2.32 0.97 10.53

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

31.01.2020

The Finnish equity market kept powering ahead in January.

Investors seemed unfazed by anything that geopolitics (world war 3 briefly trended on social media in early January after a targeted US missile strike killed an Iranian general) or nature (threat of a global virus pandemic – still unresolved) could throw at it. There was a slight kink down in the indices at the end of the month (the virus scare), but overall January was a strong month with the Finnish market up over 2% and outperforming broader developed equity markets.

The fund underperformed the benchmark index. While the corona virus didn’t crash the market, there of course were unevenly distributed effects in different industries. Large negative effects to relative performance came from our overweights in mining capex exposed Outotec and Metso (both down on the back of copper prices diving on corona virus) and an overweight in Finnair, hit by route suspensions to China. Overweights in Sanoma and Terveystalo (no major news in either) aided relative performance the most.

During the month, we added to our position in bancassurance group Sampo, and reduced our holding in Fortum (utility) and UPM-Kymmene (paper & pulp).

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