AMWatch

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.

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