AMWatch

Evli may consider an add-on acquisition if "suitable target" appears

Over the first half of this year, the Sweden Small Cap fund was the best performing fund at Finland’s Evli Fund Management.

Tero Tuominen, Managing Director of Evli Fund Management. | Photo: Evli Fund Management PR.

The priority of Evli Fund Management is to grow organically but add-on acquisitions are not excluded if suitable targets can be identified, says the Finnish asset manager's Managing Director Tero Tuominen.

Speaking to AMWatch, Tuominen notes there is certainly more room for consolidation in the Finnish asset management industry, where the total assets under management in mutual funds stood at EUR 117bn in June 2020.

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