Evli Bank Plc does not conduct business in Russia. Evli Group also does not own, directly or indirectly, any companies that conduct business in Russia.
The Evli GEM emerging markets fund's combined holdings in Russian companies amounted to approximately 3.1% of the fund's assets.
The Evli Emerging Markets Credit fund had approximately 3.3% of its assets invested in Russian corporate bonds.
No other investment or alternative investment funds managed by Evli have holdings or claims on Russian companies.
In the mandate portfolios fully managed by Evli, Russian companies accounted for, on average, around 0.3% of the portfolio assets and were, at the highest, less than 1%.
On February 25, 2022, Evli’s management team decided that no new investments in Russia will be made by funds managed by Evli or by Evli's asset management. Existing investments are currently not being traded. As the market is closed, it is currently not possible to exit from investments in Russia.
The European Union has imposed extensive sanctions on Russia. Evli Group complies with all the sanctions provisions that are applicable to its operations.
Additional information:
Kim Pessala, Director, Institutional Asset Management, Tel. +358 40 523 3797, kim.pessala@evli.com
