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Mutual Fund Evli European High Yield invests in corporate bonds with an average credit rating of BB+ or lower and issued mainly by companies that have significant operations in Europe . The fund may also invest in convertible bonds and other debt and debt-related instruments.
The aim is to earn a return that, in the long term, exceeds the benchmark return. The benchmark index is the euro hedged Merrill Lynch European Currency High Yield 3% Constrained Index. The expected return and level or risk of Evli European High Yield are higher than those of a fund that invests solely in government bonds or Investment Grade corporate bonds.
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