Evenlode Global Income fund disposes of Disney in favour of 2020 valuation opportunities

Structural issues compel managers to dump brand

James Baxter-Derrington
clock
Ben Peters of Evenlode
Image:

Ben Peters of Evenlode

A combination of short- and long-term factors has led Evenlode Global Income to drop the world’s second largest media conglomerate, Disney, from its portfolio, along with Hugo Boss, Informa and Sabre.

Talking to Investment Week, the £822m fund's manager Ben Peters explained that the decision factored in the short-term damage caused by the closure of its parks and resorts business, "which made up 45%...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read
The bank has pushed back against claims it may offload its asset management arm

State Street disavows claims of asset management sale - reports

Sparked by Invesco rumours

James Baxter-Derrington
clock 22 October 2021 • 1 min read
St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read