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Evenlode Income - New rating

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Evenlode Income - New rating

Evenlode Income is the only fund of Evenlode, an investment boutique based in rural Oxfordshire. It was set up by manager Hugh Yarrow and co-manager Ben Peters in 2009.

Yarrow’s investment philosophy is “only invest in quality companies”. These are defined on a quantitative basis as companies with high and consistent profits; being asset-light with low capital expenditure and low leverage is also important. Key qualitative factors include barriers to entry, so that the profits are less likely to be hit by competition from other companies.

Only around 80 companies meet these criteria, of which Yarrow selects 30-40 for the portfolio. He looks at companies of all sizes, but in practice the bulk of these will be from the FTSE 100. Selected overseas companies are also included - the portfolio currently includes brewer AB InBev and Microsoft.

Yarrow was a relative unknown when the fund launched, but its performance has made him hard to ignore. His track record, though fairly short, now stands comparison with the best in the industry. In common with many “quality” focused funds this has a defensive performance profile, typically providing a degree of protection from falling markets and lower volatility than the UK stockmarket as a whole.

The fund has been awarded a four star rating and will feature on our top-rated funds list - our research team’s premier selection.

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This article does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers. Past performance is not a guide to future performance. Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing.