The Evenlode Podcast

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 note this article makes references to certain char...

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 --- Please note, these views represent the opinion...

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 team as of 16th December 2022 and do not constitute...

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 value of investments can go down as well as up, and...

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 and do not constitute investment advice. Past perf...

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 value of investments can go down as well as up, and i...

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 fortunes, but there have been some particularly large...

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 complimentary. --- Please note, these views represent...

In this month's investment view we discuss how the portfolio has some reassuring characteristics to cope with recent difficult times. --- Please note, these views represent the opinions of the Evenlode team as of September 2022 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 m...

This month, as it is summer 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 2022. Most, but not all, are recent. I’m not sure all of these texts are obvious light-reading material for the beach, but we hope you will find something of interest! --- Please note, these views represent the opinion...

After months of mounting Zoom fatigue and Teams torment, the Evenlode team was delighted to (finally) be able to hit the road again at the end of May. Six of our analysts and fund managers met with management and investor relations teams from 48 companies on the East Coast of the US, traversing nine states in ten days. --- Please note, these views represent the opinions of the Evenlode team as of...

In this month’s investment view we summarise second quarter/first half results and provide an overview of the four new holdings we added in June. --- Please note, these views represent the opinions of the Evenlode team as of July 2022 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 inve...

In this month's investment view we discuss how, despite the ongoing issues in global political and financial environments, we are seeing a significant broadening out of the investment opportunity set. Please note this article mentions certain charts. To view these charts please visit - evenlodeinvestment.com/news/a-broadening-opportunity-set --- Please note, these views represent the opinions of t...

The Evenlode team have recently been on a research trip to the US, and we will be sharing an investment view on some of the findings in the near future. Analysing companies is where we are most comfortable, and the trip provided an update and insight across a range of industries. Given market activity in June we thought we would write a short summary of the situation and our view, before sharing s...

In this month's investment view we discuss the ongoing challenges the market is facing, but provide a positive perspective for longer-term investors. --- Please note, these views represent the opinions of the Evenlode team as of 31st May 2022 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,...

Last month we discussed the challenges that global companies are seeing in managing their cost bases in the face of input cost inflation. These and other worries have hit equity markets, with stocks declining in part due to diminished expectations of profitability. US retailers have been a particular focus, with the share prices of Target and Walmart falling sharply as they reported weaker than ex...

In this month's investment view we discuss the current macro-economic and geopolitical factors and how they have impacted the first quarter's results. --- Please note, these views represent the opinions of the Evenlode team as of 30th April 2022 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...

As market volatility continues in global equity markets, this month we summarise how Q1 2022 results have fared for the consumer goods and healthcare sectors. --- Please note, these views represent the opinions of the Evenlode team as of April 2022 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 a...

In this month’s investment view we discuss recent input cost inflation dynamics, and several fundamental factors that are helpful for companies in a more inflationary environment. --- Please note, these views represent the opinions of the Evenlode team as of March 2022 and do not constitute investment advice. Past performance is not a reliable indicator of future results. The value of investments...

The war in Ukraine continues to dominate the news agenda and has driven volatility in commodity and equity markets. Large intraday price swings have become routine as traders digest the latest developments in the conflict, the impact of sanctions in Russia, and the effects of reduced supply of energy, industrial and soft commodities. Table and charts mentioned in this episode can be found here . -...

The outbreak of war in Ukraine is unwelcome and shocking. We hope for a rapid end to hostilities. In this investment view we also examine corporate performance. Table and charts mentioned in this episode can be found here . --- Please note, these views represent the opinions of the Evenlode team as of February 2022 and do not constitute investment advice. Past performance is not a reliable indicat...

In this month’s investment view we consider the impact of the fast-moving Russia-Ukraine situation, and discuss some key themes from recent company results. --- Please note, these views represent the opinions of the Evenlode team as of February 2022 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...

Since launching the Evenlode Global Equity fund in July 2020, we have operated in remarkable economic conditions. The global pandemic increased financial market volatility, with recurrent bouts of uncertainty sparked by new virus variants and potential public health responses. In the equity markets, 2021 will be remembered for a market resurgence led by technology stocks as the global digital tran...

We will, as usual, use this January investment view to discuss the year just passed and share some thoughts on the outlook for the year ahead. During 2021, trends within the UK stock market were quite choppy but, when all was said and done, vaccination programmes progressed at a rapid rate, the world started to live with the pandemic, the global economy recovered, investor sentiment was positive,...

In my November investment view, I discussed recent developments within the Evenlode Income portfolio and our optimism on long-term prospects given the combination of quality and future return potential that we see in the fund’s underlying holdings.  In January, I will review 2021 in full and discuss the outlook for 2022. This month, with the holiday season approaching, the Evenlode investment team...