Consistent funds and one blockbuster fund according to Spanish FundsPeople

26.02.2018

One of Spain’s most read magazines by institutional clients, FundsPeople, has awarded five of Evli’s funds with a “C” for their Consistency. The five awarded funds are Evli Corporate Bond, Evli European High Yield, Evli Global, Evli Nordic Corporate Bond and Evli Short Corporate Bond. Additionally, the fund Evli Short Corporate Bond was awarded with a “B” which classifies the fund as a blockbuster with more than EUR 100 million AuM from Spanish investors. FundsPeople has an analysis team which analyses the 20,000 existing funds in the Spanish market. Out of these, 967 get a FundsPeople stamp.

The stamp is awarded based on the following criteria:

  • Favorite: 26 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: best sellers, funds that have above EUR 100 million AuM in Spain as of December 31, 2017.  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 528 funds in this category.
  • Consistent: All products available for sale in Spain 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 percent and volatility 35 percent. Only the funds making it to the 1st quartile get the stamp. There are 549 funds in this category.

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:

Kim Pessala, Managing Director, Evli Fund Management Company Ltd, tel. +358 (0)9 4766 9141