The custodian of the mutual funds and alternative investment funds managed by Evli Fund Management Company Ltd will change from Evli Bank Plc to Skandinaviska Enskilda Banken AB (publ) Helsinki Branch on October 1, 2020. Furthermore, the Board of Directors of Evli Fund Management Company Ltd has decided to amend the rules of the mutual funds and non-UCITS funds managed by the company.
The rule amendments affecting Evli funds are as follows:
- The custodian will change from Evli Bank Plc to Skandinaviska Enskilda Banken AB (publ) Helsinki Branch in the rules of the mutual funds and non-UCITS funds.
- The payment schedule for subscriptions and redemptions has been specified in the rules of mutual funds and non-UCITS funds. The specification has no practical impacts on the funds' current payment schedule. The payment schedule specified in the fund rules was taken into use on June 15, 2020. Payments for subscriptions and redemptions will be transferred to or from the account two banking days after the trade date (T+2, “Payment Date”), with the exception of the Evli Euro Liquidity fund, in which payments will be transferred to or from the account one banking day after the trade date (T+1, “Payment Date”).
- The common rules of the mutual funds will permit the establishment of yield unit series in mutual funds that pay the annual return confirmed by the Annual General meeting of Evli Fund Management company Ltd in more than one installment.
- The execution of orders in Evli GEM, Evli Japan, Evli Global and Evli Global X mutual funds has been harmonized in cases where orders are received on days that are not banking days or when the fund is not open for trading.
- The responsible investment principles complied with by the funds have been added to the Evli Global Multi Manager 30, Evli Global Multi Manager 50 and Evli Wealth Manager funds. The above-mentioned mutual funds comply with the Evli Group's general principles for responsible investment in their investment operations.
The Financial Supervisory Authority confirmed the amendments to the rules of the mutual funds on July 2, 2020. The amended fund rules and change of custodian will enter into force on October 1, 2020 and will apply to all unit holders. No actions are required from a unit holder to approve the amended fund rules and the change of custodian. If a unit holder does not approve of the rule amendments, the fund units can be redeemed or switched to another Evli mutual fund.
The rules of Evli’s funds will be available on September 1, 2020 and the key investor information documents of the funds and the updated fund prospectus by October 1, 2020 at the address www.evli.com/funds or from our Investor Service.
Our Investor Service will gladly answer any questions you may have regarding the amended rules and change of custodian by telephone, +358 (0)9 4766 9701, or by e-mail at info@evli.com from 9.30 am to 4.30 pm on weekdays (Finnish time, CET+1).
EVLI FUND MANAGEMENT COMPANY LTD
