Overview
Latest factsheetThe Evenlode UK Select Fund aims to deliver for clients, over rolling periods of five years, attractive annualised capital returns. The Evenlode investment team aim to achieve this by investing in the shares of companies with market-leading positions, cash generative economics and attractive long-term growth potential. The fund will always be at least 80% invested in the shares of high-quality UK-based companies, but with revenues generated from a well-diversified range of geographies.
The Evenlode UK Select Fund follows the Evenlode Investment Philosophy and Process, which is common to all of our funds, but is designed for investors who wish to prioritise capital growth.
Key details
Fund attributes
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Emphasis on sustainable real capital growth
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Focus on companies with high returns on capital and strong free cash-flow
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Low portfolio turnover, long-term holding periods
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Minimum of 80% in UK shares and up to 20% in overseas shares and/or cash
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Invests across the market-cap spectrum
Latest factsheet commentary
Latest investment views
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Field notes from the portfolio
After the war-related sell-off in March, global stock markets recovered in the second quarter on the back of more positive political and economic news. This month we begin with a portfolio update, covering recent news from two holdings, Howden Joinery and Experian. We then share observations on the adoption of generative AI across the corporate sector, drawing on recent conversations with management teams.
Evenlode UK Select
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Newsletter - July 2026
Volatility returned to the equity markets in June, as investors began to reassess stretched expectations in AI-related growth and duration-sensitive assets. The dichotomy of technology groups appears unsustainable, and indeed we have seen the market begin to rationalise in July with some early signs of recovery in many of the more traditional quality sectors.
Evenlode UK Select
Evenlode Global Dividend Fund
Evenlode Global Opportunities Fund
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Newsletter - June 2026
May was a more constructive month for equity markets, with broader sentiment continuing to recover against a still uncertain macroeconomic backdrop. Fears of stickier inflation remain, and the path towards a more accommodative environment seems to be drifting further on the horizon. Meanwhile, any second-guessing of the dominant AI capex narrative could see a sharp rotation in global stocks.
Evenlode UK Select
Evenlode Global Dividend Fund
Evenlode Global Opportunities Fund