EVLI BANK PLC PRESS RELEASE APRIL 25, 2018 AT 1.00 PM
Evli Fund Management Company expands its offering of alternative investment products by establishing Evli Rental Yield, a fund which focuses on stable return. The fund's operations have started on April 24, 2018.
The operations of the fund were started together with two anchor investors. The fund has already acquired its first real estate assets and has entered into letters of intent for future acquisitions. The Fund is open for new investments both from private individuals and institutional investors four times a year and for redemptions twice a year. The Fund seeks an annual return of 7-10 percent. The Fund will distribute at least 75 percent of its annual result to its unitholders.
"Real estate investments complement equity and fixed income investments and should be part of every well-diversified investment portfolio. Evli Rental Yield gives investors the opportunity to invest in a high quality and diverse real estate fund with a reasonable fee structure. The fund invests in modern real estate assets which have long contracts and strong anchor tenants," comments Tero Tuominen Director of Evli's Alternative Investment Funds.
Evli Rental Yield is the third real estate fund for Evli Fund Management Company and, in addition to the previous real estate and healthcare funds, completes Evli's offering of alternative investment products. Since the start of 2018, Evli has raised over EUR 120 million in new equity in real estate funds.
For more information, please contact:
Tero Tuominen, Director, Alternative Investment Funds, Evli Fund Management Company Ltd, tel. +358 50 439 2867, tero.tuominen@evli.com
Evli Fund Management Company Ltd is a wholly-owned subsidiary of Evli Bank.
Evli Bank Plc
Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, investment research, administration of incentive programs and Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is the highest ranked and most used institutional asset manager in Finland*.
Evli has a total of EUR 11.4 billion in client assets under management (net 3/2018). The Evli Group's equity capital totals EUR 65.9 million and its BIS capital adequacy ratio is 15.4 percent (March 31, 2018). The company has more than 200 employees. Evli Bank Plc's B shares are listed on Nasdaq Helsinki Ltd.
*TNS Sifo Prospera External Asset Management Finland 2017, SFR Scandinavian Financial Research Institutional Investment Services, Finland 2017 (shared first place).
Distribution: key media, www.evli.com