Evenlode confirms global fund launch for Peters and Elliott

Ben Peters 700

Evenlode Investment has confirmed plans to launch a global counterpart to its successful UK equity income fund.

The Evenlode Global Income fund will launch on 6 November.

Managed by Evenlode co-founder Ben Peters and co-manager Chris Elliott, the fund will apply the same process as the flagship Income fund, focussing on asset-light business models, high barriers to entry and companies where customer purchase decisions are not primarily driven by price.

Elliott joined Chipping Norton-based Evenlode in 2015 as an investment analyst.

The boutique fund manager confirmed in February that it was mulling a global fund launch, noting that the strengthening of their analyst, infrastructure and client service teams was supportive of a potential future mandate.

“While there has been extensive discussion about valuations in global equities, we believe that a disciplined approach can counter much of the risk associated with this,” says Peters.

“Although overall yields may not be particularly high in historic terms, investors can achieve a regular and growing income by investing selectively in companies with quality business models, attractive starting yields and good prospects for long-term dividend growth.”

Peters says the launch follows strong demand from clients.

“The Global Income fund is an opportunity for our clients to access the Evenlode investment process applied to a broader range of investment opportunities. The portfolio will be different to but have the same flavour as our original fund,” Peters says.

The existing Evenlode Income fund was launched in 2009 with assets today totalling £1.5bn.