The same thing was revealed on Evli’s ownership list as in other smaller Helsinki firms! 
Säästöpankki Itämeri has continued its heavy sales also in March, and it’s clear that this has capped the upside potential. Based on the fund’s comments, the issue is not a loss of faith in Evli, but rather a strategic change to move from stock-picking based on conviction to a more market-aligned approach (read: sell small caps, buy index names).
15 Likes