OP-Europe Index

Balanced diversification

 

OP-Europe Index is a cost-efficient investment alternative for an active investor looking for good return in the long term. Low management fee, combined with the tax benefits attributable to funds make this an attractive way to invest in the stock market. To complement index funds, we recommend also using actively managed funds investing in growth companies and emerging markets as well as theme funds.

  • The target market is Europe, within which the largest target markets include the UK, Germany, France and Switzerland.
  • The fund invests in the stocks of listed large cap companies.

 

 
Subscription fee Annual management fee Redemption fee
0,00 % 0,39 % 0,00 %
Fund units generate OP bonuses.

In the old continent, stock exchanges usually move at a calmer pace than those in the US or Nordic countries. The largest European stock market is the UK, in which a significant part of the fund's assets are invested. The fund's assets are invested in line with its benchmark index in listed large-cap companies. At the same time, this means that investments are focused on certain industries, such as financials, oil and gas, and pharmaceuticals. However, with already a small amount, the investor gets wide diversification into several countries and industries.

OP-Europe Index is suitable for an investor seeking a balanced alternative providing diversification into European stocks. As typical with index funds, investing in this fund requires the investor's own interest in market movements and readiness to respond to them. Here the portfolio manager's role mainly consists of cost-efficient execution of the fund according to the index. On the other hand, OP-Europe Index offers an agile and low-cost way to execute one's own view of global stock market performance.

As part of an overall asset management portfolio, OP-Europe Index is naturally a good selection for anyone. Thanks to their low fees, index funds can well complement actively managed funds in the portfolio of, say, a long-term saver or pension saver. With index funds, you can also make an agreement for a systematic investment plan, which easily enables monthly investments in index funds for increasing one's assets. This fund is primarily recommended to an investor who intends to redeem his/her units after seven years at the earliest.

The portfolio manager's review is available on the fund's Finnish pages.

OP-Europe Index Fund is a passive index fund whose assets are invested in accordance with the MSCI Europe ESG Universal Screened. This means that the assets of the fund are distributed in the countries and companies constituting the benchmark index in the same proportions as in the benchmark index.

Since the fund strives to replicate the performance of the benchmark index as closely as possible, it will only maintain a small cash position to pay for redemptions. In order to reduce securities transactions resulting from redemptions and subscriptions, the fund may use derivatives instruments in its portfolio management to a limited extent.

The fund's investments may be concentrated significantly in certain sectors, such as financials, health care and oil & gas.

The Fund’s trading costs are relatively low as changes to the portfolio are basically only made in conjunction with index adjustments.

The Fund is a passive index fund. It promotes environmental and social characteristics by using an index based on environmental, social and governance (ESG) analysis while excluding certain investments. 

Negative screening: As the Fund is a passive index fund, the Fund manager cannot make individual exclusion decisions. The Fund is based on an index which excludes companies with connections to the production of controversial weapons. The index also excludes companies which have violated international standards (UN Global Compact and OECD guidelines for multinationals) and companies which have committed very severe ESG violations.

Use of ESG data in the investment analysis: The benchmark index considers companies’ ESG rating and emphasises companies with better ESG ratings.

Shareholders’ meetings: The Fund votes in shareholders’ meetings through a service provider in line with OP Fund Management Company Ltd’s shareholder engagement principles that take responsibility aspects into account.

Assessing good governance: The Fund is based on the MSCI ESG Universal Index, using both the MSCI ESG Rating and the MSCI ESG Rating Trend data and gives weight to those companies with better ratings. The level of corporate governance is included in the ESG Rating.

More details Basic data, performance and fact figures

Basic data

Fund manager
OP Asset Management Ltd
Benchmark index
MSCI Europe ESG Screened Index 
Start date
23.04.1999
ISIN
FI4000029301
fund serie
Accumulation unit
Fund size
1047 Meur
Serie value (19.06.)
203,12 EUR
Monthly review
Download
Key Information Document
Download
Rules
Download
Sustainability data
Download

Accumulated profit (19.06)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Europe Index A −0,89 % +3,36 % +10,19 % +15,33 % +8,06 % +8,56 %
Benchmark −1,13 % +3,26 % +10,12 % +15,39 % +7,91 % +8,52 %

Yearly performance

2019 2020 2021 2022 2023 YTD
OP-Europe Index A +26,00 % −4,07 % +25,57 % −10,77 % +17,38 % +10,25 %
Benchmark +26,05 % −3,94 % +25,71 % −10,81 % +17,37 % +9,70 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Europe Index A 10,32 % - -
Benchmark index - - -

As our owner-customer, saving and investing is especially worthwhile thanks to the excellent benefits you receive.

Your benefits when investing in funds or through insurance:

  • Buy and sell almost all OP mutual funds with no fees.*
  • You earn 0.35% OP bonuses from mutual fund and insurance assets.** 
  • Begin saving through insurance free of charge. 
  • Switch between investments, invest additional funds and change your payment and investment plan for OP Unit-linked Insurance and OP Savings Agreement free of charge in our digital services.  

Your benefits in equity and ETF investing:

  • Open an equity savings account or book-entry account free of charge.
  • You get a discount on equity trading and a 1% fee ceiling when trading in Finnish listed companies through a book-entry account The discounts apply in digital services.
  • Get access to free stock picks and analysis.
  • Get a discount on the service packages for savers and investors:
    Equity savings account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €9.99/month (normally €14.99/month)
    Book-entry account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €0/month (normally €5.39/month)

Other benefits:

  • Only owner-customers can invest in Profit Shares.

Remember to make use of all benefits:

*Standard fees are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity.

**OP bonuses are automatically used to pay the bank’s service charges and insurance premiums. No OP bonuses are accrued from the R2 Crystal special common fund or institutional classes of funds. The following investment products linked to insurance assets do not accrue OP bonuses: JPM Russia A, JPM Emerging Europe Equity Fund, and BlackRock GF Emerging Europe Fund A. OP bonuses are accrued from unit-linked insurance policies, excluding Individual Unit-linked Insurance and Individual Capital Redemption Contracts.  

This is an advertisement. The funds are managed by OP Fund Management Company Ltd. The portfolio manager is the portfolio management company specified in the fund prospectus for OP funds. Investments always involve risks. The value of investments can rise and fall, and the investor may lose part of or all the invested funds. Past performance is no guarantee of potential future yield. The larger the fund’s expenses, the greater the impact on the expected return on the investment. Any yield also depends on taxation, which in turn varies depending on the investor’s personal circumstances and is subject to future changes. If the fund is marketed outside Finland, OP Fund Management Company Ltd may decide to end such marketing. The information presented on this page does not fully describe all the fund’s characteristics.

Before making an investment decision, take all the characteristics or objectives of the fund into consideration, as described in the fund prospectus for OP funds and other documents related to the fund. Only make your final investment decision after reading the fund prospectus for OP funds and the key investor information document and rules of the fund. These documents can be found on the web page of the respective fund. The fund prospectus and the summary of investors’ rights in mutual funds are available at op.fi in Finnish, Swedish and English.