Consistent funds according to Spanish FundsPeople

15.02.2017

One of Spain’s most read magazines by institutional clients, FundsPeople, has awarded Evli funds with a “C” for their Consistency. FundsPeople has an analysis team who tries to discriminate among 20,000 existing funds in the Spanish market. Out of these, 965 get a FundsPeople stamp.

The stamp is awarded based on one of the following criteria:

  • Favorite: 23 funds that have a minimum of 5 votes by fund selectors of two countries in the survey being done in Italy, Spain and Portugal.
  • Blockbuster: funds that have above EUR 100 million AuM in Spain as of December 31, 2016.  For international Asset Managers only assets in Spain are taken into account. For Spanish funds all the fund’s assets are taken into account. There are 523 funds in this category.
  • Consistent: All products available for sale in Spain from Morningstar Direct with at least 3 years of existence. Funds are compared based on two scorecards. The first is based on return and volatility for 1, 3 and 5 years. The second is based on return and volatility for every calendar year for the last 5 years. In both cases return weighs 65% and volatility 35%. Only the funds making it to the 1st quartile get the stamp.

In all three cases, guaranteed return, money market, very short term fixed income and target return are excluded from the analysis.


For additional information please contact:
Petter von Bonsdorff, Head of International Business Development, Evli Bank Plc, tel. +358 (0)9 47669 111