Yarrow enjoys independence on newly launched Evenlode Income

Wise Investment's new equity income fund will provide Yarrow with independence

This month saw Wise Investment unveil a high-conviction UK equity income fund run by former Rathbones manager Hugh Yarrow. The Evenlode Income will be a portfolio of 20-30 undervalued stocks, with no sector or market-cap constraints. Sitting in the IMA UK Equity Income sector, it will invest 80% in British stocks and 20% in overseas holdings or cash and target an initial yield of 4.3% benchmarked against the FTSE All-Share Index. The fund launched on Friday, following the initial offer period, and has a minimum investment of £10,000. Yarrow was previously co-manager of Rathbone Hig...