Finland’s Evli Bank launches its first green bond fund

By Rebecca Melvin

New York, Aug. 17 – Evli Bank plc has launched its first fund focused on investing in green corporate bonds, according to a release.

The fund is managed by Juhamatti Pukka, head of fixed income at Evli and manager of the Evli short corporate bond fund. And Noora Lakkonen, an analyst with Evli’s responsible investment team, will also work with the fund.

“This new fund responds to the growing investor demand for a larger allocation to green bonds, but also to the need to act against the unsustainable use of resources and global warming,” Pukka stated in the release.

The fund focuses on corporate bonds, which distinguishes it from other European green bond funds, which generally focus on sovereign and corporate green bonds. It will invest in the European investment grade and high yield segments (fund minimum average rating: BBB-) and in unrated bonds up to a maximum of 20% in order to include Nordic corporate bonds as a continuation of Evli's flexible, crossover investment strategy.

Evli is a financial services firm based in Finland.

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