Evli Fund Management Company Ltd has decided to amend the rules of the Evli Global Multi Manager 40 and Evli Global Multi Manager 75 funds. After the amendments, the funds’ investment strategies will increase their bias towards fixed income instruments and the management fees will be lowered. The funds’ names and benchmark indexes will also be changed to represent the new allocation of equity and fixed income investments:
|Current name||New Name||New benchmark index||New fee|
|Evli Global Multi Manager 40||Evli Global Multi Manager 30||3-month Euribor index (70%)
MSCI Europe TR Net (30%)
|Evli Global Multi Manager 75||Evli Global Multi Manager 50||3-month Euribor index (50%)
MSCI Europe TR Net (50%)
The neutral equity weighting of the Evli Global Multi Manager 40 fund will decline 10 percentage units to 30%, with a range of 10 - 50%. The neutral equity weighting of the Evli Global Multi Manager 75 fund will decline 25 percentage units to 50%, with a range of 30 - 70%. The reduction of the equity weightings will lower the funds’ expected volatility, or sensitivity to price movement resulting from changes in the equity markets. Based on the fund management company’s estimate, the Evli Global Multi Manager 30 fund’s current risk category of 4 will fall to 3 and the Evli Global Multi Manager 50 fund’s current risk category of 5 will fall to 4 (scale of 1 - 7).
The funds’ investment strategies are in line with Evli’s general market view, which considers asset class weightings and considerable diversification of investments. When selecting investment instruments, the aim is to achieve good risk-adjusted return.
The amended rules confirmed by the Financial Supervisory Authority will enter into force on August 31, 2017. Clients will not need to carry out any separate actions in relation to this.
Our Investor Service will gladly provide additional information by e-mail at firstname.lastname@example.org, or by telephone on +358 (0)9 4766 9701, from Monday to Friday from 9.30 am to 4.30 pm (Finnish time).
EVLI FUND MANAGEMENT COMPANY LTD