Evenlode Investment plans to launch a global equity income fund to sit alongside its top-performing TB Evenlode Income fund. 
The Evenlode Global Income fund, which launches on 6 November 2017, will be managed by Evenlode co-founder Ben Peters and Chris Elliott, supported by an established team of investment professionals.
It will aim to deliver an attractive yield today as well as securing sustainable real dividend growth over time. The portfolio will be diversified and built around companies that draw their cash flows from differing sources across the globe.
The approach will be the same as that used on the £1.4bn TB Evenlode Income fund, which has FE Alpha Manager Hugh Yarrow at its helm with Peters as deputy. The process emphasises the quality of investable businesses, looking for those with asset-light business models, high barriers to entry and where customer purchase decisions are not primarily driven by price.
Performance of fund vs sector and index since launch
Source: FE Analytics
Peters said: “Following strong feedback from our clients, we have developed the Evenlode Global Income fund as a natural evolution of the investment proposition offered by the Evenlode Income fund.
“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. We are excited to continue serving our investors for the long run with this launch.”
Since launch in October 2009, the five FE Crown-rated TB Evenlode Income has delivered a top-quartile total return of 173.36 per cent compared with a 103.52 per cent return from the average fund in the IA UK All Companies sector.
It has also outperformed the 106.9 per cent gain in the average IA UK Equity Income fund (TB Evenlode Income used to reside in this peer group before being moved for failing to meet its yield requirement) and a 95.08 per cent rise in the FTSE All Share index.