A tale of two markets as Evli's Finnish, Swedish small cap portfolios waver in July

Jonathan Boyd
clock • 2 min read

Being overweight one stock and underweight another hurt the Evli Finnish Small Cap portfolio in July, in addition to the small cap sector overall underperforming the broader local amrket, according to the latest monthly note from manager Janne Kujala. While the total return from the Finnish equity market was -1.2% (OMX Helsinki Cap GI) through the month, the fund's benchmark Carnegie Small CSX Return Finland index did -4.8%, while the fund did -5%. The subdued Finnish equity market performance came despite US equities again hitting an all-time high at the time, but as Kujala notes "Fi...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.