In this month's investment view, we provide a further update on the Q1 reporting season in light of recent political headlines, and how this has influenced our analysis of investment opportunities. --- Please note, these views represent the opinions of the Evenlode team as of 27th May 2025 and do not constitute investment advice. Past performance i…

In this month's investment view, we provide a further update on the Q1 reporting season in light of recent political headlines, and how this has influenced our analysis of investment opportunities. --- Please note, these views represent the opinions of the Evenlode team as of 27th May 2025 and do not constitute investment advice. Past performance i…

We are now in the final stages of the reporting season for the first quarter of 2025 for companies with 31 December year ends. We usually find the regular rhythm of corporate earnings a useful cue for stock-taking. --- Please note, these views represent the opinions of the Evenlode team as of 21st May 2025 and do not constitute investment advice. P…

We are now in the final stages of the reporting season for the first quarter of 2025 for companies with 31 December year ends. We usually find the regular rhythm of corporate earnings a useful cue for stock-taking. --- Please note, these views represent the opinions of the Evenlode team as of 21st May 2025 and do not constitute investment advice. P…

In this month's investment view, following the aftermath of the changes in US tariff policies, we provide a brief overview of recent company results and portfolio performance, together with a detailed overview of a new holding that was previously held by the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 9…

An overview of the performance of the Evenlode Global Opportunities Fund for Q1 2025. --- Please note, these views represent the opinions of the Evenlode team as of 14th April 2025 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments can go down as well as up, and investor…

The Evenlode Global Equity fund returned -0.7% in the first quarter of 2025, ahead of its comparator benchmark, the MSCI World Index, which returned -4.7%. The fund benefited from a general rotation away from the islands of relative strength in 2024 towards a broader palette of ex-US and ex-tech companies. Fundamental results for our companies rema…

In this month's investment view, we explain how we approach the delivery of our dividend growth and how managing valuation risk and opportunity in the market is prudent over time. --- Please note, these views represent the opinions of the Evenlode team as of 28th March 2025 and do not constitute investment advice. Past performance is not a reliable…

In this month's investment view, we explain how we approach the delivery of our dividend growth and how managing valuation risk and opportunity in the market is prudent over time. --- Please note, these views represent the opinions of the Evenlode team as of 28th March 2025 and do not constitute investment advice. Past performance is not a reliable…

In this month's investment view, we offer a portfolio update following the podcast we released earlier this week, which addresses the ongoing market turbulence. --- Please note, these views represent the opinions of the Evenlode team as of 11th April 2025 and do not constitute investment advice. Past performance is not a reliable indicator of futur…

In this month's investment view, we offer a portfolio update following the podcast we released earlier this week, which addresses the ongoing market turbulence. --- Please note, these views represent the opinions of the Evenlode team as of 11th April 2025 and do not constitute investment advice. Past performance is not a reliable indicator of futur…

In this month's investment view, we provide an overview of the recent effects of the Liberation Day tariff announcements on global stock markets and our portfolio holdings. --- Please note, these views represent the opinions of the Evenlode team as of 4th April 2025 and do not constitute investment advice. Past performance is not a reliable indicat…

In this month's investment view, as we assess the recent full-year results, we focus on providing an overview of our largest seven holdings. --- Please note, these views represent the opinions of the Evenlode team as of 10th March 2025 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value…

In this month's investment view, with two-thirds of the reporting season behind us, we offer a business-level analysis of selected holdings amidst ongoing global uncertainty. --- Please note, these views represent the opinions of the Evenlode team as of 25th February 2025 and do not constitute investment advice. Past performance is not a reliable i…

In this month's investment view, with two-thirds of the reporting season behind us, we offer a business-level analysis of selected holdings amidst ongoing global uncertainty. --- Please note, these views represent the opinions of the Evenlode team as of 25th February 2025 and do not constitute investment advice. Past performance is not a reliable i…

An overview of the performance of the Evenlode Global Equity Fund in 2024. --- Please note, these views represent the opinions of the Evenlode team as of 30th January 2025 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments can go down as well as up, and investors may not…

An overview of the performance of the Evenlode Global Opportunities Fund in 2024. --- Please note, these views represent the opinions of the Evenlode team as of 30th January 2025 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments can go down as well as up, and investors …

In this month's investment view, we will discuss the year just finished, and share some thoughts on the current outlook. --- Please note, these views represent the opinions of the Evenlode team as of 28th January 2025 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments ca…

In this month's investment view, as we are in a period of much change and market noise, we thought it would be a good time to take stock of the current equity market and the portfolio’s performance within it. --- Please note, these views represent the opinions of the Evenlode team as of 28th January 2025 and do not constitute investment advice. Pas…

In this month's investment view, as we are in a period of much change and market noise, we thought it would be a good time to take stock of the current equity market and the portfolio’s performance within it. --- Please note, these views represent the opinions of the Evenlode team as of 28th January 2025 and do not constitute investment advice. Pas…

In this month's investment view, with the holiday season approaching, the Evenlode investment team have compiled a list of books that we have read over the second half of 2024. Some of these texts are not obvious light-reading for Boxing Day, but we hope you will find something engaging on the list! --- Please note, these views represent the opinio…

In this month's investment view, we review the performance of the global market in 2024 and how our investment process has guided our investment decisions. --- Please note, these views represent the opinions of the Evenlode team as of 19th December 2024 and do not constitute investment advice. Past performance is not a reliable indicator of future …

In this month's investment view, following on from the third quarter results season, we discuss several portfolio holdings to highlight themes we are seeing across the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 11th December 2024 and do not constitute investment advice. Past performance is not a reliab…

In this month's investment view, following the outcome of the US election, we summarise the rhetoric of the campaign and its aftermath on the markets, and what the implied tariff picture means for the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 25th November 2024 and do not constitute investment advice.…

In this month’s investment view, we focus on the US election result and its potential implications for the portfolio and the wider global economy. --- Please note, these views represent the opinions of the Evenlode team as of 30th October 2024 and do not constitute investment advice. Past performance is not a reliable indicator of future results. T…

In this month's investment view, we provide an overview of the consumer goods sector focusing on luxury goods, a much-discussed area as even the affluent feel the pinch. --- Please note, these views represent the opinions of the Evenlode team as of 30th October 2024 and do not constitute investment advice. Past performance is not a reliable indicat…

In this month's investment view, we provide a quarterly update of the Evenlode Global Equity Fund. --- Please note, these views represent the opinions of the Evenlode team as of 23rd October 2024 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments can go down as well as u…

In this month's investment view, we provide an update on three companies that highlight some key themes within the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 1st October 2024 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investment…

In this month's investment view, inspired by the Olympics and Paralympics, we share our thoughts on sporting goods, an area of consumer goods that has had to balance on the narrow bar between performance and fashion. --- Please note, these views represent the opinions of the Evenlode team as of 27th September 2024 and do not constitute investment a…

In this month's investment view, as it is holiday season, members of the Evenlode investment team have compiled a selection of books that we have read and found interesting over the first half of 2024. Not all of these texts are obvious light-reading material for the beach, but we hope you find the list of interest! --- Please note, these views rep…

In this month's investment view, with recent market volatility hitting the headlines, we report on the half year trading results for some of the fund's holdings which have, in the main, been solid and free from the drama reported elsewhere. --- Please note, these views represent the opinions of the Evenlode team as of 14th August 2024 and do not co…

In this month's investment view, with the interim results season in full swing and over 85% of the portfolio's companies having reported, we provide an overview of a number of the underlying holdings. --- Please note, these views represent the opinions of the Evenlode team as of 31st July 2024 and do not constitute investment advice. Past performan…

In this month's investment view, we examine the broad shape of share price moves in recent times and, in comparison, the air of calm that prevails in the Evenlode Global Income portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 29th July 2024 and do not constitute investment advice. Past performance is not a r…

In this month's investment view, with investor focus more on electoral issues than corporate developments, and company news flows generally quiet, we focus on four portfolio companies that have released updates in recent weeks. --- Please note, these views represent the opinions of the Evenlode team as of 8th July 2024 and do not constitute investm…

In this month's investment view, we provide an update to the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 8th July 2024 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments can go down as well as up, and investors may not get ba…

In this month's investment view, as we continue to watch the high wire spectacle of the US stock market, we expand on our discussion from last month and take a closer look at the real-world drivers that support dividend growth – revenues and cash flow. --- Please note, these views represent the opinions of the Evenlode team as of 28th June 2024 and…

In this month's investment view, we comment on the recent takeover approach of Hargreaves Lansdown, and follow with a brief tour of a variety of portfolio holdings to give a sense of recent results and the quality compounding opportunities on offer. --- Please note, these views represent the opinions of the Evenlode team as of 7th June 2024 and do …

In this month's investment view, we provide an overview of recent market and fund performance and recap what we are trying to achieve with the fund - investing in companies that can grow their cash flows through time, reinvest in themselves to generate further returns and pay a growing dividend to shareholders. --- Please note, these views represen…

In this month's investment view, we discuss the portfolio's performance in the context of the 'risk on' rally in the wider market, and provide further company insights following the conclusion of the Q1 reporting season. --- Please note, these views represent the opinions of the Evenlode team as of 3rd May 2024 and do not constitute investment advi…

In this month's investment view, following the end of the Q1 reporting season, we detail some of our holdings and, outlining our valuation model, explain their positioning in the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 29th April 2024 and do not constitute investment advice. Past performance is not …

Equity markets began 2024 with a continuation of the strong up-trend which kicked off in late October 2023 when US economic data and policymakers began signaling that US rates had probably plateaued, setting up a cutting cycle in 2024. --- Please note, these views represent the opinions of the Evenlode team as of 22nd April 2024 and do not constitu…

In this month's investment view, we review the recent quarterly performance of the portfolio and discuss four companies that have recently reported to give some more colour on operational trends. --- Please note, these views represent the opinions of the Evenlode team as of 4th April 2024 and do not constitute investment advice. Past performance is…

In this month's investment view, following on from some strong returns on the global stock markets, we discuss some of the holdings we have in the portfolio which have benefitted from these strong returns, and others where returns have been more muted. --- Please note, these views represent the opinions of the Evenlode team as of 28th March 2024 an…

In this month's investment view, we discuss some key themes emerging from the recent Q4 results season, and more generally from the current investment environment. --- Please note, these views represent the opinions of the Evenlode team as of 8th March 2024 and do not constitute investment advice. Past performance is not a reliable indicator of fut…

In this month's investment view, with just over half of the portfolio having reported results for 2023, Ben provides an overview of the recent results season, while Rob examines the disparity of results across different areas of the global economy and emerging economic themes. --- Please note, these views represent the opinions of the Evenlode team…

In this month's investment view, Rob Strachan, Investment Analyst on the Global Income team, highlights some of the discussions that he had with brokers and researchers in the most recent conference season in December. --- Please note, these views represent the opinions of the Evenlode team as of 23rd January 2024 and do not constitute investment a…

In this month's investment view, we will discuss the year just passed, and share some thoughts on the outlook for the year ahead. Economic and geopolitical risks were never far from the headlines in 2023, but most global stock markets ended up posting positive returns for the year, helped by a strong rally in the last two months. --- Please note, t…

This month, with the holiday season approaching, the Evenlode Investment team have compiled a list of books that we have read over the second half of 2023, most, but not all, of which have been published in the last couple of years. Some of these texts are not obvious light-reading for Boxing Day, but we hope you will find something engaging on the…

We end the year with a little activity in the Evenlode Global Income portfolio, having sold out of two positions and buying two others in their place through November and the early part of December. As we’ll see these are not like-for-like swaps in terms of industry, but in the context of overall portfolio positioning they add some diversification …

In this month's investment view, as we move towards the holiday season, we provide a little colour on several themes and businesses from across the portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 8th December 2023 and do not constitute investment advice. Past performance is not a reliable indicator of futur…