One step forward, two steps back for Finnish manager’s overseas business

Evli’s corporate bond funds have seen redemptions from international investors in both quarters this year, but CEO Evli Maunu Lehtimäki believes that the flagship vehicles in its global expansion will see inflows return.

Photo: PR/Evli

International clients continued to pull out from Finnish asset manager Evli’s funds, reducing positions and the company’s total fund capital during this year’s second quarter, the firm writes in recently published interim report.

International customers, who pulled out EUR 302m in total from Evli’s funds in Q1, continued on the same path as in late June, with redemptions for the first six months of the year hitting nearly EUR 700m.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Wide range of AUM declines among Nordic asset managers in Q2

Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch