Evenlode Global Income fund disposes of Disney in favour of 2020 valuation opportunities
Structural issues compel managers to dump brand
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%...
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