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, 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…

In this month's investment view, we continue on the theme of third quarter results and discuss what’s going on right now and in the near future for the companies we invest in, and what people are guessing at for the longer term for these businesses. --- Please note, these views represent the opinions of the Evenlode team as of 21st November 2023 an…

In this month's investment view, we will delve into a selection of the third quarter results and explore the wider trends that have driven the fund's robust performance. --- Please note, these views represent the opinions of the Evenlode team as of 20th November 2023 and do not constitute investment advice. Past performance is not a reliable indica…

In this month's investment view we discuss two portfolio companies that we mentioned briefly last month. They give a flavour of the valuation and compounding opportunities we see in self-funding, market-leading businesses across a variety of sectors. --- Please note, these views represent the opinions of the Evenlode team as of 1st November 2023 an…

In this month's investment view we provide an initial thematic update as companies start to report on latest revenue figures. --- Please note, these views represent the opinions of the Evenlode team as of 25th October 2023 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investmen…

In this month's investment view we discuss how inflation and interest rates are affecting the global economy and the Evenlode Income portfolio. --- Please note, these views represent the opinions of the Evenlode team as of 3rd October 2023 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The v…

In this month's investment view, we discuss why a relatively new holding, Diageo, exemplifies both the uncertainties and opportunities that we see developing in the markets. --- Please note, these views represent the opinions of the Evenlode team as of 29th September 2023 and do not constitute investment advice. Past performance is not a reliable i…

In this month's investment view, following on from our 2023 scene setting earlier in the year, we review some themes from the half-year corporate results season and the fund's performance. --- Please note, these views represent the opinions of the Evenlode team as of 30th August 2023 and do not constitute investment advice. Past performance is not …

This month, as it is summer holiday season, members of the Evenlode investment team have compiled a selection of books that we have found interesting. We hope you will also find something of interest. --- Please note, these views represent the opinions of the Evenlode team as of 1st August 2023 and do not constitute investment advice. Past performa…

In this month's investment view with the second quarter results season in full swing, we provide an update on Howden Joinery and how they are faring with the ongoing economic and market challenges. --- Please note, these views represent the opinions of the Evenlode team as of 1st August 2023 and do not constitute investment advice. Past performance…

In this month's investment view, following on from the recent 3-year anniversary of the Evenlode Global Equity strategy, we discuss the differences between it and the Evenlode Global Income strategy, and discuss the health care sector in detail. --- Please note, these views represent the opinions of the Evenlode team as of 27th July 2023 and do not…

In this month's investment view we give an update on two quite different themes that have come up regularly in recent conversations with company management teams. The first is generative AI, the second is supply chains. --- Please note, these views represent the opinions of the Evenlode team as of 1st July 2023 and do not constitute investment advi…

Insights and Observations from the C-suite and implications for the Evenlode Global Equity Fund The summer conference season has begun. During the next few months, management teams will take to the road to share their strategy and explain current performance. We recently attended the Bernstein Strategic Decisions Conference I New York, which hosted…

We are halfway through 2023 and some of the economic questions that arose in 2022 are still being grappled with. Inflation, monetary response in the form of rising interest rates, and the effects on demand continue to be discussed at length, with some businesses also still seeing the effects of demand distortions from the covid pandemic. --- Please…

In this month's investment view we discuss the art of compounding a business citing the steady growth of publicly-listed Halma over a 50-year period to its position in the FTSE 100 today. --- Please note, these views represent the opinions of the Evenlode team as of 1st June 2023 and do not constitute investment advice. Past performance is not a re…

In this month's investment view we discuss what the 'investment environment' means. It's a big topic, one that will mean different things to different people. --- Please note, these views represent the opinions of the Evenlode team as of 26th May 2023 and do not constitute investment advice. Past performance is not a reliable indicator of future re…

Trailer for a new podcat BRAND conversations by Amy Pearson from Mother/other.By Amy Pearson

In this month's investment view we provide an overview of the first quarter results season and ongoing supply chain dynamics. --- Please note, these views represent the opinions of the Evenlode team as of 2nd May 2023 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 we have selected three businesses from the portfolio where we see positive long-term prospects, but where there are current challenges. --- Please note, these views represent the opinions of the Evenlode team as of 24th April 2023 and do not constitute investment advice. Past performance is not a reliable indicator o…

In this month's investment view we focus on the full year results season and provide detail from companies within several of the portfolio's key sectors. --- Please note, these views represent the opinions of the Evenlode team as of 31st March 2023 and do not constitute investment advice. Past performance is not a reliable indicator of future resul…

When we penned our review of 2022, we noted that much of the significant market action had been in sectors that we don’t have direct exposure to. The energy sector was the clear standout performer of the year, benefiting from high prices following Russia’s invasion of Ukraine. The finance sector also rose as interest rates increased from nothing to…

Regular readers will no doubt be surprised to see us weighing in on the banking crisis, given Evenlode’s exclusive focus on companies with high and persistent unlevered return on investment capital. This has always precluded bank ownership by our strategies, but given the materiality of the situation, we felt it important that we help our clients u…

In this month's investment view we provide an overview of the latest reporting results for the portfolio and three examples of Evenlode companies that have been quietly investing through the recent period of uncertainty. --- Please note, these views represent the opinions of the Evenlode team as of 28th February 2023 and do not constitute investmen…

In this month's investment view we provide an overview of the latest company updates and hear where businesses are putting their investment focus. --- Please note, these views represent the opinions of the Evenlode team as of 22nd February 2023 and do not constitute investment advice. Past performance is not a reliable indicator of future results. …

In this month's investment view, we give careful consideration to the economic factors of the global equity market downturn of last year and the real-world concerns of inflation, economic growth and business model sustainability. --- Please note, these views represent the opinions of the Evenlode team as of 19th January 2023 and do not constitute i…

In this month's investment view we will discuss the year just passed, and share some thoughts on the outlook for the year ahead. --- Please note, these views represent the opinions of the Evenlode team as of 17th January 2023 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of invest…

After an upbeat 2021 in equity markets, few could have foreseen what was to follow in 2022. The invasion of Ukraine, rampant inflation, and rates controversy drove headlines and increased market volatility. In this investment view we look back at Evenlode Global Equity’s highlights and consider what lessons we can learn from the past year. Please n…

In this month's investment view, as Evenlode Global Income reaches its five-year anniversary, we provide a critical assessment of the portfolio's performance and pick out some of the high- and low-lights. Please note this article makes references to certain charts and tables. To view these charts and tables please visit evenlodeinvestment.com/news …

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 2022. These texts are not obvious light-reading material for Boxing Day, but we hope you will find something engaging on the list! --- Please note, these views represent the opinions of the Evenlode t…

In this month's investment view we discuss four Evenlode Income holdings, all of which released full-year or interim results during November. --- Please note, these views represent the opinions of the Evenlode team as of 1st December 2022 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The va…

As of the time of writing, 90% of the Global Income portfolio has reported in the latest round, and the average revenue growth has been 7% year-on-year. Results season gives us a snapshot of the global economy from the perspective of its engine, companies. --- Please note, these views represent the opinions of the Evenlode team as of November 2022 …

In this month's investment view we discuss recent results from the portfolio, and our thoughts on the current economic and stock market backdrop. --- Please note, these views represent the opinions of the Evenlode team as of October 2022 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The val…

These are increasingly challenging economic times and companies must continue to work hard to navigate the various economic and operational tides that sometimes act in opposing directions. The volatility in the equity market this year reflects the uncertainties created; equities naturally bounce around in value in response to changing corporate for…

Caitlin and I discuss the mess & muck of postpartum, what planning your postpartum looks like (spoiler: it’s different for everyone), The Pillars of Postpartum, ways you can support a loved one, the changes in our identity, how important the process of planning can be, and how Motherhood really outlines the illusion of control we have in our lives.…

The year so far has been remarkable in many ways. As sterling-based investors it feels particularly so, as the pound has tumbled in recent days following the new Chancellor’s ‘fiscal statement’ on 23 September. The announcement encouraged financial markets from bonds to currencies to equities to make a statement in return which was not entirely com…