Evli Short Corporate Bond Fund Became One of Europe’s Largest Corporate Bond Funds
The Evli Short Corporate Bond Fund has reached the 2.3 billion euro assets under management (AUM) mark. The fund is now Finland’s second-largest corporate bond fund investing in Europe, and it is among the most significant corporate bond funds in all of Europe. The fund also has Morningstar’s highest, five-star rating. Evli has attracted a total of one billion euros in new investments to its fixed income funds during the year.
The Evli Short Corporate Bond investment fund primarily invests its assets in short and medium-term bonds issued by European companies and banks. Investments are made in both higher (investment grade) and lower (high yield) credit rating bonds. The fund’s non-euro-denominated investments are hedged against currency risk.
The fund’s portfolio is broadly diversified, and its risk level is moderate. The fund also offers investors access to the Nordic markets, where it currently invests approximately 40 percent of its portfolio. The fund’s objective is to seek a high risk-adjusted return through broad diversification of assets across multiple issuers, sectors, and credit qualities, as well as through active investment policy across different fixed income markets and instruments.
Over the last 10 years, the fund has achieved a cumulative return of 19.45 percent compared to the benchmark index’s 11.50 percent.