Evli Nordic 2023 Target Maturity Fund
* Yearly return, net of fees. NB this does not constitute neither a promised return nor a commitment by Evli to achieve such returns. The Fund may incur the risk of loss of capital, as well as credit risk and the risk of investing in high-yield bonds
** Investment Grade (IG) bonds typically have a lower risk and a higher credit rating (AAA-BBB), High Yield (HY) bonds typically a higher risk and a lower credit rating (BB-D). AAA is highest on the rating scale used by major rating agencies and D lowest.
When it comes to cracking the Nordic Corporate Bond market, smart investors look for fund managers backed by years of experience with a quick, perceptive grasp of local markets. All qualities that make Evli a one-of-its-kind asset manager in the Nordics.
In the world of finance, the Nordic Corporate Bond Market is unique. It offers attractive excess returns combined with lower volatility in a stable, political and economic environment – something that makes it very attractive to investors.
The size of the Nordic Corporate Bond market is almost the same size as that of the European high yield market, and comprises of almost 500 issuing companies. Around 54 per cent of issuers and 29 per cent of volumes are unrated, making the Nordics home to one of Europe’s largest markets for unrated issuers, offering a wealth of investment opportunities.
Unrated Nordic bonds are ripe pickings for investors as they offer excess returns of approximately 50-150 bps compared with officially-rated Euro corporate bonds with a similar risk level. Local Nordic institutions, who tend to be buy-and-hold investors hold a majority of these unrated bonds, leading to very low, relative volatility levels. Read more
Senior Portfolio Manager
17 years of experience in financial markets and asset management
Also manages the Evli Nordic Corporate Bond fund
AAA rated by Citywire in the sector Bonds - Euro Corporates
Head of Fixed Income, Evli Fund Management Company Ltd
Over 10 years experience in financial markets and asset management
Also manages the Evli Short Corporate Bond fund
AAA rated by Citywire in the sector Bonds - Euro Corporates Short Term
* Subscription and redemption fees are applied as a dilution fee that is charged by and paid to the Fund to protect the Fund and its unitholders from excess trading with fund units.
Read more about Nordic bonds here
Download Fund 2-pager in English, auf Deutsch, en Español
Download Prospectus, Fund Rules and KIIDs here
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for subscription details.
| Fund name | Evli Nordic 2023 Target Maturity Fund |
| Target instruments | Nordic corporate bonds |
| Target return | 3% p.a. net of fees |
| Benchmark | None, absolute return target |
| Inception date | 6.5.2019 |
| Investment strategy maturity date | By 31.12.2023 |
| Recommended investment period | Until maturity |
| Management company | Evli Fund Management Company Ltd |
| Custodian | Evli Bank Plc |
| Structure | UCITS |
| Subscriptions and redemptions | Daily at Net Asset Value (NAV) |
| Subscription cut-off | On NAV day at 15:00 CET |
| Redemption cut-off | On NAV day at 11:00 CET |
Main risk is credit risk, ie. that an individual bond issuer’s solvency may deteriorate, which could lead to price contraction or even default.
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Other risk factors are liquidity risk, derivatives risk, concentration risk and management risk.
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The investor is urged to view the Key Investor Information Document and the fund prospectus for a detailed view of the risks to which the fund is exposed.
Evli Fund Management Company Ltd is a Nordic fund management boutique established in in 1989 focusing on institutional investors. Our investment process is systematic and characterized by both quantitative methods and qualitative assessments. Rigorous discipline ensures repeatability of the investment process. Our Funds are actively managed with a long-term perspective. On average, senior portfolio managers have worked at Evli for 10 years and have 20 years’ industry experience.
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DISCLAIMER
This material is intended as general information to the recipient. Nothing contained on this page constitutes investment advice, nor is it to be relied on, in an investment
decision. The information is product-related information only, and it is not to be regarded as an investment recommendation. Evli recommends that you read the relevant
fund prospectus and brochure(s) and contact a professional advisor in order to obtain relevant and specific personal advice, before making any investment decisions. No
representation is made that the estimates, data or information herein is complete, and the information can be subject to change without notice.
Past performance is not a guarantee for future results. Investments in funds can increase as well as decrease in value because of market fluctuations, the fund’s risk profile
or costs related to subscription, redemption, management fees etc., and the investor may lose the full amount invested.
Fund rules, Key Investor Information Document, brochures and other information material are available at www.evli.com/nordic2023
Source and Copyright: Citywire. Juhamatti Pukka and Jani Kurppa are both AAA rated by Citywire for their 3 year risk adjusted performance for the period 28/2/2016-28/2/2019.
Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd (“Citywire”), may not be copied and Citywire excludes any liability arising out its use.
Morningstar Awards 2019 (c). Morningstar, Inc. All Rights Reserved. Morningstar has awarded Evli as the Best Fixed Income Manager 2019 in Spain.
From Lipper Fund Awards from Refinitiv, ©2019 Refinitiv. All rights reserved. Used under license.