Evli registers pair of funds in France

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Evli registers pair of funds in France

Finnish asset manager Evli Bank has received the green light of the French financial market watchdog AMF to distribute a couple of funds in France as from mid-March 2017, InvestmentEurope has learned.

The Evli Emerging Frontier and the Evli Equity Factor Europe funds have therefore been added to the four other strategies already distributed by the Finnish manager in France (Evli Europe, Evli Corporate Bond. Evli European High Yield and Evli Short Corporate Bond).

Since February 2015, Evli Bank is partnering with French third party marketer Compagnie Financière Jacques Coeur (CFJC) to commercialise its flagship funds towards French institutional investors.

The Evli Emerging Frontier fund invests in emerging and frontier markets funds equities and equity-linked securities. Investments are made in consumer-focused companies with growing cash flow and low market valuations.

As of 28 February 2017, assets of the fund totalled €94.42m. The Evli Emerging Frontier fund delivered annual returns of 15.56% since inception (8 October 2013) to 28 February 2017.

The Evli Equity Factor Europe invests in stocks of major European companies. The fund tracks ERI Scientific Beta’s factor index, which focuses on four academically determined factors: value, low risk, momentum and quality.

The fund, launched on 14 October 2015, is co-managed by Mattias Lagerspetz, Peter Lindahl and Antti Sivonen.

The Evli Equity Factor Europe had assets under management of €136.95m as of 28 February 2017 and delivered annual returns of 5.11% since inception.

Evli has currently over €10bn in assets under management.