Kaksi liehuvaa Euroopan Unionin lippua.

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, subscription and redemption fees, 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
0,15 % 0,39 % 0,15 %
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 Net Index. 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.

Changes are made in the portfolio of the fund primarily only in connection with the annual index revisions, which is why the trading expenses of the fund are relatively low.

Read more about fund’s responsibility on the fund’s Finnish pages.                                                                  

More details Basic data, performance and fact figures

Basic data

Fund manager
OP Asset Management Ltd
Benchmark index
MSCI Europe ESG Universal Index
Start date
fund serie
Accumulation unit
Fund size
1003 Meur
Serie value (16.04.)
155,91 EUR
Monthly review

Accumulated profit (15.04)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP- Europe Index A +4,19 % +8,01 % +20,64 % +35,60 % +6,68 % +7,08 %
Benchmark +4,16 % +7,99 % +20,73 % +35,82 % +6,78 % +7,32 %

Yearly performance

2016 2017 2018 2019 2020 YTD
OP- Europe Index A +2,01 % +9,74 % −10,69 % +26,00 % −4,07 % +11,30 %
Benchmark +2,58 % +10,24 % −10,57 % +26,05 % −3,94 % +10,27 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP- Europe Index A 18,12 % 1,99 -
Benchmark index - - -

Owner-customer benefits as of 1 January 2021

  • Book-entry account and custody €0: Custody of Finnish and foreign shares and ETFs without monthly charges. 
  • Buy and sell fund units €0: Buy, sell and switch nearly all of our funds without costs and earn OP bonuses by investing in mutual funds.*
  • Discount on share trading: Brokerage fee 0.17% (at least €7), maximum trading fee for Finnish shares and ETF products 1% until August 2021.
  • New benefit: Equity analyses €0: Free equity and market analysis.
  • Benefits of saving through insurance: Take out an insurance policy, switch between investment instruments and transfer funds free of charge. Earn OP bonuses from unit-linked insurance assets.

*No OP bonuses will accrue from the R2 Crystal Fund nor from institutional series of funds.

OP bonuses

In addition to OP bonuses earned through saving and investment, owner-customer earn bonuses from

  • loans
  • funds in accounts
  • purchases you have paid with the OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

OP bonuses are used for the bank’s service charges and insurance premiums.