As there are no exchange-traded funds or indices, the Nordic corporate bond market can only be accessed via direct investments. One way of access is an investment fund.
Evli Nordic Corporate Bond is a fund that offers a great variety of sectors, local mix and structure.
Evli’s current investment in Nordic corporate bonds is EUR 3 bn. We have close to 20 years of investment experience in in the area and an expert team of five portfolio managers analysing and buying Nordic credit.
Why invest?
Access only via direct investments
Regional political institutions are strong and the political risks are low. Hence, Nordic corporate bonds have low volatility. Also, smaller and unrated Nordic issuers typically yield more with similar credit risk profile. The diverse sectors and diverse currencies - issued in five currencies, all hedged to EUR - offer more variety.
% | |
Aker Bp 2.7.2020 FRN | 2.60 |
Mercada Oy 24.10.2022 1.875% | 2.52 |
Konecranes 09.06.2022 1.75% | 2.17 |
Neste Oyj 07.06.2024 1.5% Call | 2.06 |
Aker Asa 31.01.2023 FRN Call | 1.87 |
Dvs 20.09.2024 1.75% Call | 1.82 |
Kemira 30.05.2024 1.75% Call | 1.75 |
Huhtamäki 04.10.2024 1.625% Call | 1.65 |
Fortum 27.02.2023 0.875% Call | 1.49 |
Marine Harvest 12.06.2023 FRN Call | 1.43 |
A Nordic fund management boutique established in 1989 with a prime focus is on institutional investors. 80% of the mutual fund AUM (EUR 8.1 bn 31.03.2019) comes from institutional investors.
Evli’s corporate bond knowledge originates back to the same time as the evolution of the European bond market 1999. The investment philosophy is based on capital protection and creditworthiness. Evli focuses on true credit quality, not official rating, free cash flow, leverage and debt coverage. The range covers European corporate bonds in all maturity and creditworthiness classes, including emerging market corporate bonds in western currencies. Evli is one of Europe’s leading fixed income asset managers.