Evli Announces New Exclusion Principles for Global X Fund
Funding | Dec 19, 2024 | Evli Fund Management Co Ltd
Evli Fund Management Company Ltd has announced changes to the exclusion principles of its Evli Global X Fund, which will come into effect on December 31, 2024. Previously, the fund excluded investments in several industries, such as alcohol, tobacco, weapons, gambling, fossil fuels, nuclear power, and genetically modified organisms, as part of its responsible investment framework. The updated policy will permit investments in nuclear power and defensive arms industries. The changes apply universally to all unit holders and require no action on their part. Comprehensive details of these updates will be accessible by December 19, 2024. Evli remains committed to aligning its investments with its overarching responsibility and climate principles while selectively allowing for industries previously barred from inclusion.
Sectors
- Financial Services
- Energy
- Defense
- Sustainability
Geography
- Finland – Evli Fund Management Company Ltd is based in Finland.
Industry
- Financial Services – The article discusses changes in investment principles by Evli Fund Management, a financial services company specializing in fund management.
- Energy – The investment guidelines adjustment allows participation in nuclear power, an integral part of the energy sector.
- Defense – Includes the allowance of investments in the defensive arms industry.
- Sustainability – The article centers around responsible and sustainable investment practices by excluding certain industries.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evli Fund Management Company Ltd | Fund Manager | Company | Evli is a financial services company managing the Evli Global X Fund, setting responsible investment principles. |
| Evli Global X Fund | Target Fund | Company | The investment fund affected by the new principles allowing certain industries previously excluded. |