Evenlode has confirmed it is considering launching a global income fund that would replicate the process on its existing UK All Companies fund.
The existing Evenlode Income fund is managed by Hugh Yarrow and Ben Peters and focuses on investing in asset-light businesses with the ability to grow free cash flow and dividends over time.
The £1.2bn fund has delivered 3.5 per cent yield over the last 12 months. Over one year it has returned 17.1 per cent compared to 10.8 per cent in the sector.
The possible fund launch is in early stages and details about who would run the fund or a timeline for when it might be launched are not yet known.
Peters, who is also chief executive at Evenlode Investment, says applying the process to a wider global mandate would be a “natural evolution” for the firm.
“Following the consistent application and long-term success of the Evenlode Income strategy, we are considering the potential launch of a complementary income-focused strategy for UK investors that would seek to replicate the Evenlode process on a global remit.”
Peters adds: “In recent years, we have honed our investment process and strengthened our analyst, infrastructure and client service teams, all of which would be supportive of a potential future mandate.
“As always, if any potential developments do come to fruition, we will discuss them in detail with our client base.”