October 17, 2006
Evli launches a fixed income fund investing in the emerging markets
Evli Fund Management Company will launch Evli Emerging Markets Debt, a new long-term fixed income fund. The fund will invest globally in the fixed income markets of emerging economies. The fund will seek significantly greater returns than traditional fixed income funds, as the fund's target markets are expected to undergo strong growth in the long term.
The volatility of emerging market investments is higher than average. This risk will be reduced by diversifying the assets by continent and country among the interest-bearing papers of different issuers. The fund's typical target countries include Russia, Brazil, Turkey and Mexico. The fund's benchmark index is the JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Hedged (EUR).
Evli Emerging Markets Debt is suitable for investors who seek higher returns than those offered by traditional bond investments. The fund is particularly well-suited as a supplement to other fixed-income investments such as those made in the euro zone. The recommended investment horizon is at least 3-4 years.
The funds portfolio manager is Sydbank from Denmark. The bank is the fourth-largest in Denmark, and specializes in the emerging markets. Sydbank manages over EUR 3 billion in assets invested in the emerging markets.
For further information
Janne Lassila, Director, Evli Bank
Tel. +358 9 4766 9142
Kim Pessala, Chief Investment Officer, Evli Investment Management
Tel. +358 9 4766 9141
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