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Evli Q1 more impacted by markets than outflow

The market turmoil in the first three months of the year has had more of an effect on Evli than outflows, though the fact that international investors have pulled out of Evli’s corporate bond fund has been felt.

Evli Bank Plc CEO Maunu Lehtimäki. | Photo: Evli PR.

During the first quarter of 2022, Finland’s Evli had an outflow of EUR 428m, most of which was caused by European investors pulling out of Evli’s corporate bond fund, says CEO Maunu Lehtimäki.

Total assets under management at the company rose to EUR 15.8bn from EUR 15bn in Q1 last year, but fell from EUR 17.5bn at the end of 2021 as a result of falling share prices and net redemptions, he adds.

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