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Investment insights

Our fund managers share their views on the markets and Artemis' funds.


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27 May 2016
The Hunters' Tails
Heidegger's Heldenbuch ...
It’s bizarre at best. The yield on the Japanese 10-year government bond is -0.10%. Yet the yen is 15% above last year’s low (on 5 June.)
25 May 2016
Webcast
Global equities: Where next?
Simon Edelsten, manager of the Artemis Global Select Fund, explains how he is positioning his portfolio amid the concerns affecting markets around the world.
25 May 2016
Hunters' Bearings
Hunters’ Bearings: Ed Legget on macro, Brexit and positioning
Ed Legget, the manager of the Artemis UK Select Fund, analyses the UK’s equity market – and explains exactly what he is buying, and why.
24 May 2016
News
Changes to performance reporting for some funds
Performance reporting for some of Artemis’ funds has changed with effect from May 2016. This explanatory note guides you through the changes.
20 May 2016
The Hunters' Tails
Winston’s way …
During World War II, Churchill believed that without tea, Britain would have to surrender. So tea-plants arrived over from India ...
20 May 2016
Hunters' Talk
What Brexit means for UK equities
In this Hunters’ Talk, three of our UK fund managers – Adrian Frost, Ed Legget and Mark Niznik – discuss the EU referendum and how it is affecting their portfolios.
19 May 2016
Hunters' Talk
The Owl of Minerva: Emerging or submerging?
Sentiment towards emerging markets is improving. Simon Edelsten, manager of the Artemis Global Select Fund, analyses if this a good time to buy back in or whether valuations are still too high?
17 May 2016
In the press
Charles Stanley: Distinctly Alpha …
17 May 2016
Webcast
Global income: Adapting to extremes
Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he is positioning his portfolio amid the extreme rotations in style and sector.
13 May 2016
The Hunters' Tails
Donatists and doldrums ...
Among other things there’s Brexit; corporate earnings that are struggling to rise in the ‘secular stagnation’ of the ‘new normal’
9 May 2016
Filmclub
Global equities: Footings firm…
Better news from companies in the US and China encouraged Peter Saacke to buy over-sold stocks for the Artemis Global Growth Fund during January’s falls – and his confidence has kept on growing.
9 May 2016
Filmclub
High income: On the down, up?
The manager of the Artemis High Income Fund, Alex Ralph, used January’s panic to pick up bargains in the bond market – and is well positioned for the rally to gather momentum.
6 May 2016
Filmclub
Peter Saacke: Macro matters … how?
Peter Saacke, Artemis’ CIO, suggests what may lie ahead and explains how volatility suits stockpickers.
6 May 2016
News
US Select Fund review, year to 29 February 2015
Through this period of uncertainty, the fund outperformed, returning 6.3% in sterling terms versus a 4.0% gain in its benchmark. As ever, we generated these returns through a mixture of good stock selection and sector allocation. It was particularly encouraging that our stock selection across a wide range of sectors was positive.
6 May 2016
News
Strategic Assets Fund review, six months to 29 February 2015
Continually falling yields have resulted in stellar returns from bonds that are far in excess of their yields. For example, over the six-month reporting period the yield on 30-year Japanese government bonds (JGBs) fell by 54 basis points to 0.86%, resulting in a ‘return’ of about 14% to their holders.
6 May 2016
Filmclub
Jacob de Tusch-Lec: Better than the bears …
Improving data in the US and growth in emerging markets have surprised most investors and seen markets recover their losses. How is Jacob reflecting this in his Global Income strategies?
6 May 2016
The Hunters' Tails
In search of Sardanapalus …
Byron wrote a play about him. The last king of Assyria, Sardanapalus learned to boldly go beyond all others – in sloth and wanton self-indulgence.
6 May 2016
Filmclub
James Foster: Financials reward …
The ECB’s latest round of quantitative easing is making banks’ and insurance companies’ bonds highly attractive, says the manager of the Artemis Strategic Bond Fund.
5 May 2016
Market Matters
Artemis Accounts – Macro matters …
Another six months and, to the surprise of many, on the whole markets have ground on up. Overcoming fears real and imagined, on 9 March this year the bull market became seven years old.
29 Apr 2016
News
US Extended Alpha Fund review, year to 29 February 2016
Defence stocks were among the strongest performers in the industrials sector. Over the course of last year, it became apparent the US Department of Defense was to increase spending in 2016 for the first time since 2010. Companies also returned more capital to shareholders.
29 Apr 2016
News
US Absolute Return Fund review, year to 29 February 2016
As worries about deflation took hold, stability of earnings became particularly important. Telecoms, staples and utilities were thus the best-performing sectors of the market. We remained wary: investors have bid share prices up to high relative valuations and we found more attractive earnings streams elsewhere.
29 Apr 2016
News
US Smaller Companies Fund review, year to 29 February 2016
In the fund, we took a view that it would be appropriate to have a bias towards companies able to grow their earnings autonomously (or at least keep them stable) rather than those dependent on the wider economy.
29 Apr 2016
News
US Equity Fund review, year to 29 February 2016
Through this period of uncertainty, the fund outperformed, returning 5.4% in sterling terms versus a 4.0% gain in the benchmark. As ever, we generated these returns through a mixture of good stock selection and sector allocation.
29 Apr 2016
News
Pan-European Absolute Return Fund review, year to 29 February 2016
The fund has performed well over the last 12 months, returning 9.6% – significantly ahead of the 0.5% gain in its cash benchmark. It is some measure of how challenging the environment has been that the MSCI Europe Index fell by 6.5% in sterling terms – and by 12.9% in local currency terms .
29 Apr 2016
News
Global Emerging Markets Fund review, year to 29 February 2016
The volatility in emerging market equities does not worry us unduly. As investors who focus on the facts (as in the financial characteristics of companies), we rather think that higher volatility increases the potential to add value by being more rigorous and less emotional.
29 Apr 2016
The Hunters' Tails
The signs of cymbals ...
The Fed’s eagle is, it seems, Janine; but for now, the hawk is back(ward) and the dove is looking forward.
22 Apr 2016
The Hunters' Tails
Do, dare, dedi, data ...
Amid the data, some constants stand. Conjugating do, or even sto, and the datives of their gerunds. A queen thrives.
14 Apr 2016
Hunters' Talk
Europe: Trendspotting
Paul Casson, manager of the Artemis Pan-European Absolute Return Fund, explains why he likes Irish housebuilders but is shorting banks – and how one Spanish TV company is going against media trends.
7 Apr 2016
News
Artemis High Income Fund review, six months to 7 February 2016
During volatility we looked to pick up yield at a discount. The fundamentals underlying credit markets in Europe are still favourable. Leverage is steady and companies are concentrating on generating cashflow.
31 Mar 2016
News
Artemis Global Energy Fund review, six months to 31 January 2016
In general, share prices across the oil sector tracked the price of crude throughout the period. They rose briefly in response to positive comments from OPEC and the Energy Information Agency (‘EIA’) but generally fell through to the end of January.
31 Mar 2016
News
Artemis Global Income Fund review, six months to 31 January 2016
After five years of strong returns – and a strong start to 2015 – the last six months have been more challenging.
29 Mar 2016
Filmclub
William Littlewood: Bells and bears …
The manager of the Artemis Strategic Assets Fund explains why he is holding onto his (expensive) bond shorts and unusually is keen to buy equities.
24 Mar 2016
Filmclub
Philip Wolstencroft: Why we like …
The manager of the Artemis Capital Fund is using the weaker pound to add companies with overseas earnings to his portfolio – alongside the steady growers and established brands.
24 Mar 2016
Filmclub
Richard Hulf: Whither oil?
What has delayed the recovery in the price of crude? Has it bottomed at last? And when will it be ‘safe’ for investors to go back into oil & gas? The manager of the Artemis Global Energy Fund gives his views.
23 Mar 2016
Filmclub
US equities: That flag still flying …
Head of Artemis’ US team Cormac Weldon discusses the threat of recession, what the US Federal Reserve might do next – and his portfolios.
23 Mar 2016
Filmclub
James Foster: Thank you, Mr Draghi …
As Europe’s QE goes further than expected, the manager of the Artemis Strategic Bond Fund has upgraded his outlook – from “quite” to “very” positive.
21 Mar 2016
Filmclub
Artemis European Growth Fund: “Cheap and churning out growth”
Macroeconomic matters are less significant for stockpickers, says fund manager Philip Wolstencroft. The companies in his portfolio are growing reliably – and stand at a 20% discount to the market.
18 Mar 2016
The Hunters' Tails
Strange wonders are many ...
Said Sophocles; but none are more wonderful than man’s ...
15 Mar 2016
Webcast
US equities: managing the volatility
Join Stephen Moore as he discusses his views on US equity markets and where he is finding opportunities.
11 Mar 2016
The Hunters' Tails
Through that looking-glass ...
Alice might be no more than a figment of the Red King's imagination. Macro matters these days seem to us no less surreal ...
4 Mar 2016
The Hunters' Tails
Swerve of shore to bend of bay...
Unless to the very gifted or insane, James Joyce’s novel Finnegans Wake is baffling at best.
1 Mar 2016
Filmclub
Edelsten: Travelling’s attraction …
The number of tourists goes on rising steadily. That makes the industry a good long-term investment – says Simon Edelsten, manager of the Artemis Global Select Fund.
1 Mar 2016
Filmclub
Artemis US equities: situation and outlook …
Cormac Weldon, head of Artemis’ US team, talks politics (the presidential election) and economics (what the Fed will do next), and how these are affecting his portfolios.
29 Feb 2016
News
Mid Wynd International Investment Trust review, six months to 31 December 2015
Despite the MSCI All Country World Index only rising by 1.5 per cent over the last six months, the net asset value of the Company increased by 5.1 per cent. Most of this outperformance can be attributed to solid underlying growth from the companies which make up the core of the portfolio.
29 Feb 2016
News
Monthly Distribution Fund review, year to 31 December 2015
The fund performed well, returning7.8% for the year. This was significantly ahead of its composite benchmark (which was up 1.9%) and the average for the funds in its sector (up 1.3%).
29 Feb 2016
News
UK Growth Fund review, year to 31 December 2015
Vindicating our decision to maintain our strategy in the face of volatility, 2015 was a good year for the fund’s unitholders. The fund returned 12.2% vs 1.0% for the benchmark (the FTSE All-Share Index) and 4.6% for the sector average.
29 Feb 2016
News
UK Special Situations Fund review, year to 31 December 2015
This year’s selection of stumbling blocks – Greece, the UK’s general election, China, a collapse in commodity prices, terrorism and central bankers – make the prospect of a Tough Mudder seem appealing.
29 Feb 2016
News
UK Smaller Companies Fund review, year to 31 December 2015
This was a good year for the fund. It significantly outperformed the Numis Smaller Companies (ex Investment Trust) Index – a benchmark which, in turn, outperformed the broader UK market.
26 Feb 2016
The Hunters' Tails
Prettanike’s germanium …
The waters of the Severn are on the same line of longitude as the Firth of Forth. Big Boris believes this is a compelling cause for ‘Brexit’.
22 Feb 2016
Filmclub
Global equities: Wide blue yonder …
The final stages of a sell-off can be the most interesting, says Simon Edelsten, manager of the Global Select Fund. It is not a matter of calling the ‘bottom’. Instead, investors should focus on selected stocks’ prospects over the longer term.
22 Feb 2016
Filmclub
Global equities: Starting from here …
Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
22 Feb 2016
Filmclub
Europe: Sell, sell, sell … or buy?
The companies held in the Artemis European Opportunities Fund are resilient and still growing. Mark Page finds little to worry stockpickers who focus on the fundamentals.
22 Feb 2016
Filmclub
UK Select: Meeting Mr Legget…
A month after taking over the Artemis UK Select Fund, Ed Legget explains a (subtle) change in style; and gives his outlook for 2016.
22 Feb 2016
Filmclub
US equities: In a (relatively) good position …
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
19 Feb 2016
The Hunters' Tails
From Ponzi to Plutarch ...
Told before meeting him that Olaf Palme, was “an anti-communist”, Ronald Reagan replied: “I don’t care what kind of communist he is.” Light against darkness.
15 Feb 2016
Hunters' Talk
Jacob de Tusch-Lec: On dividends, deflation and life after QE …
In his latest Hunter’s Talk, the manager of the Artemis Global Income Fund explains how these extraordinary times are affecting the make-up of his fund.
12 Feb 2016
The Hunters' Tails
The cast of a leglen’s girth …
Where do you start? There’s the uncertain state of China and worries that growth in the US is faltering ...
10 Feb 2016
In the press
Jacob de Tusch-Lec: Choosing growing dividends over cash cows
5 Feb 2016
The Hunters' Tails
Of dexsuo and dheas ...
Gaulish, like many things, isn’t what it used to be. Gaulish has been extinct since around 500 (AD).
1 Feb 2016
In the press
Mid Wynd: Performance reassures …
1 Feb 2016
In the press
What Investment: Edelsten finds value in the UK … at last
29 Jan 2016
The Hunters' Tails
Of heads and hearts …
Japan has just adopted negative interest rates. Asian shares have jumped, oil’s up 8% this week and markets are rising and reviving as we write.
27 Jan 2016
In the press
Adrian Frost: Avoiding “dividend stalwarts”
25 Jan 2016
In the press
Investors Chronicle: Distinctive approach still finds (global) dividends
22 Jan 2016
The Hunters' Tails
In ursine climes ...
Ah, the comforts of history … On Wednesday alone the FTSE 100 fell 3.5% to 5,673 – where it was a decade ago.
20 Jan 2016
News
Artemis UK Growth Fund changes name
Following Tim Steer’s retirement as manager of the Artemis UK Growth Fund and the appointment of Ed Legget as manager, the name of the fund is changing to the Artemis UK Select Fund.
15 Jan 2016
The Hunters' Tails
Of Khans and Kants ...
What’s going on? The numbers can be numbing. Globally, the consumption of oil rose by 1.7 million barrels a day last year ...
6 Jan 2016
News
Artemis Income Fund review, six months to 31 October 2015
The six months under review have been a difficult period for equity markets, with the benchmark falling by 5.7%. The reasons for this were many and varied. Some would say that the primary cause was the increased evidence of a slowing Chinese economy.
6 Jan 2016
News
Artemis Global Select Fund review, six months to 31 October 2015
Over the last six months the MSCI AC World Index declined by 5.2% in sterling terms, while the fund fell by 0.4%. We have always positioned the portfolio with a view to protecting capital in difficult conditions.
6 Jan 2016
News
European Opportunities Fund review, six months to 31 October 2015
Over the six months under review, the fund fell by 2.6% versus a decline of 5.7% in the benchmark. The challenge for stock pickers like us was to navigate through the volatility caused largely by macro events. In June, the focus was on Greece.
5 Jan 2016
Hunters' Talk
A US revolution: Investing in creative destruction
The theme of ‘creative destruction’, or the impact of new technology, gathered pace in 2015. But which companies make an attractive investment? Stephen Moore, manager of the Artemis US Extended Alpha Fund, reviews.
5 Jan 2016
Hunters' Talk
Outlook for 2016
Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis' managers share their views.
31 Dec 2015
News
Alpha Trust plc review, six months to 31 October 2015
As global stock markets weakened, the portfolio benefited from its strong bias to the UK economy.
24 Dec 2015
Filmclub
Global equities: ’15, going on ’16 …
After an “interesting” year, Peter Saacke separates the so-what stories (the Swiss franc, Grexit) from the ones with lasting impact on global equities.
24 Dec 2015
Filmclub
High income: Crunches vs wobbles …
Alex Ralph, manager of the Artemis High Income Fund, talks about high-yield bonds in the US and Europe – and why she favours the latter.
24 Dec 2015
Filmclub
Europe: Self-starters and free wheelers …
Picking stocks with strong balance sheets has helped Mark Page find growth – and avoid carmakers – for the Artemis European Opportunities Fund.
24 Dec 2015
Filmclub
Mark Niznik: Bear foot running …
The Artemis UK Smaller Companies Fund has delivered good returns through the bull market. But its cautious style is better suited to the trickier times which could be coming, says manager Mark Niznik.
23 Dec 2015
In the press
FT Adviser: Artemis’ Page backs healthcare despite ‘wobbles’
23 Dec 2015
Filmclub
Adrian Frost: On economics, politics – and his philosophy…
The manager of the Artemis Income Fund talks about where – and how – he has found his “two or three” good ideas in 2015, and gives his outlook for dividends in the future.
23 Dec 2015
Filmclub
Europe: Nursery slopes …
After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.
22 Dec 2015
Filmclub
James Foster: ”Quite excited” – for a bond manager
After a year of correctly anticipating bund yields (negative) and defaults (Abengoa), James Foster looks forward to a rise in interest rates in 2016.
22 Dec 2015
Filmclub
UK equities: Positively surprising …
Housebuilders and media companies have done well for the Artemis Capital Fund this year. Manager Philip Wolstencroft explains why he is holding on to them in 2016.
22 Dec 2015
Filmclub
Global markets: opportunities for stock-pickers
With volatility set to continue, Peter Saacke, manager of the Artemis Global Growth Fund, thinks stock-specific opportunities are on the rise.
18 Dec 2015
The Hunters' Tails
Aubades of madrigals ...
In this medium at least, that’s it until Friday 15 January - when we will resume tugging our own tails. Thank you for your support through a[nother] year of Sturm und Drang.
11 Dec 2015
The Hunters' Tails
The purports of progress…
So six successive days down for the FTSE and, as we write, falling for a seventh. But like its cousin regress, purported progress is also perennial.
7 Dec 2015
News
Global Growth Fund review, six months to 7 October 2015
The fund outperformed over the period. The MSCI AC World Index fell by 8.9% while the fund declined by 6.4%. Its performance over the longer term is materially stronger.
7 Dec 2015
News
Artemis Capital Fund review, six months to 7 October 2015
The fund outperformed over the period – in relative terms. Clearly it would be nicer to be in a situation where we avoid the decreases and ride the increases.
4 Dec 2015
The Hunters' Tails
Baby’s shoes, never worn …
It’s a funny old world. Having talked and talked, the ECB’s ‘super Mario’, that scion of the great squid, didn’t walk yesterday.
4 Dec 2015
News
Artemis VCT plc review, year to 30 September 2015
After a quiet first six months, in which the Company’s net asset value returned 2.7 per cent, we expressed in the interim report our confidence in the outlook for the portfolio.
3 Dec 2015
News
Strategic Bond Fund review, six months to 30 September 2015
Over the period in question, several challenges confronted bond markets. The most important was the potential rise in US interest rates.
3 Dec 2015
Filmclub
Global equities: Resolution for a new year?
After a volatile 2015, Peter Saacke considers the prospects for a (smooth) recovery in 2016.
2 Dec 2015
In the press
Mid-Wynd: After the rally …
2 Dec 2015
News
European Growth Fund review, six months to 30 September 2015
Although the fund fell by 9.1% over the period, its performance was better in relative terms: the benchmark fell by 10.2%.
2 Dec 2015
Filmclub
US Smaller Companies: Economy supportive – of the strong
In 2016, Cormac Weldon expects the economy in the US to favour selected smaller companies in housing, airlines and technology.
2 Dec 2015
Filmclub
Simon Edelsten: Running with the best …
The fastest growers in the Artemis Global Select Fund this year were also the largest companies, Amazon and Nike. Simon is looking to buy more like them in 2016.
2 Dec 2015
Filmclub
European equities: good going – up and down
Paul Casson, the manager of the Artemis Pan-European Absolute Return Fund, expects to benefit from a (patchy) recovery in Europe and more profit warnings in 2016.
2 Dec 2015
Filmclub
Mark Tyndall: Looks at the ball of the crystal …
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
1 Dec 2015
Hunters' Talk
The Owl of Minerva: When inflation returns ...
Might the return of inflation take investors by surprise? Simon Edelsten explains why the Artemis Global Select Fund should continue to prosper even as prices rise.
30 Nov 2015
In the press
FT Adviser: ‘Timely’ shift to US banks pays off for Saacke
27 Nov 2015
Filmclub
Cormac Weldon: Earnings will start growing in the US next year
The head of Artemis’ US team explains why he is holding cyclical stocks (like semi-conductors) while also investing in growth (videogame producers, Amazon).
27 Nov 2015
The Hunters' Tails
Those far pavilions …
So search us. An even stronger dollar could set back the recovering US economy. That would increase the odds of ‘one-and-done’ this year and ‘none-and-done’ next ...
24 Nov 2015
Webcast
US Absolute Return and US Extended Alpha - year one
In this webcast on 24 November, Stephen Moore explains his investment process, focusing on higher-growth stocks while carefully managing risk.
20 Nov 2015
The Hunters' Tails
Nous conduirons…
Some fans of football now know that conduis is the imperative of the irregular verb conduire. Though their critics call them immoral, we think of markets as amoral.
13 Nov 2015
Hunters' Talk
US equities: the long and short of it
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin.
13 Nov 2015
The Hunters' Tails
In the case of coelacanths…
Ah, the march of human progress … It has been 708 years since Philip did for the Templars and, possibly, gave the world paraskevidekatriaphobia ...
6 Nov 2015
In the press
Mark Page: the stocks to own as China slows...
6 Nov 2015
The Hunters' Tails
Inflation’s Hinkley Point…
So September’s sell-off was a trick by the bears. With the S&P 500 up 12% since 28 September, it turned into a treat for the bulls in October ...
30 Oct 2015
News
US Select Fund review, six months to 31 August 2015
The fund fell over the six-month review period although the performance relative to its benchmark was strong. Driven almost exclusively by stock-picking, the fund outperformed the S&P 500 Index by a significant margin.
30 Oct 2015
News
US Smaller Companies Fund review, six months to 31 August 2015
The fund held up much better than the US smaller companies market over the period, falling by 0.4% in sterling terms while its benchmark dropped by 4.5%.
30 Oct 2015
News
US Equity Fund review, six months to 31 August 2015
The fund produced a negative return over the period but held up better than the S&P 500 Index. This outperformance was due principally to strong stock selection, offset slightly by less successful industry allocation.
30 Oct 2015
News
US Extended Alpha Fund review, six months to 31 August 2015
Over the past six months, the fund has generated alpha (an excess return relative to its benchmark) in both rising and falling markets. This was achieved through careful management of risk – the excess returns were significantly greater than its tracking error.
30 Oct 2015
News
US Absolute Return Fund review, six months to 31 August 2015
Over the past six months, the fund has generated alpha (an excess return relative to its benchmark) in both rising and falling markets. This was achieved in parallel with careful management of risk – the excess returns were greater than its tracking error.
30 Oct 2015
News
Global Emerging Markets Fund review, launch to 31 August 2015
Since its launch on 8 April 2015, the fund has fallen in absolute terms, although it has outperformed the market.
30 Oct 2015
News
Pan-European Absolute Return Fund review, six months to 31 August 2015
Your fund performed well over the period. The net asset value rose by 9.0% in a weak market assailed by macro and political concerns. Over the same period, our peers in the IA Targeted Absolute Return Sector achieved an average of 0.9%, while the MSCI Europe Index (GBP) fell by 5.1%.
30 Oct 2015
The Hunters' Tails
Tollymolly’s lolly …
Our point? That often in life, people do know what they’re doing – even if at the time that’s far from clear to most.
29 Oct 2015
News
Strategic Assets Fund review, year to 31 August 2015
Over the year, the fund fell by 2.6%, while the FTSE All-Share Index fell by 2.3%. Our equities made a positive return of 2.5% while currencies added 0.7%.
28 Oct 2015
In the press
Edelsten: why I am buying China …
28 Oct 2015
Hunters' Talk
Europe: in favour of fluctuation
Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund.
26 Oct 2015
Filmclub
Cormac Weldon: a focus on growth, quality and sustainability in the US
Reacting to the Fed’s decision to hold interest rates, Cormac Weldon, Artemis’ head of US equities, talks to Portfolio Adviser about why he believes any short-term concern over the Fed’s decision should not be overdone.
23 Oct 2015
The Hunters' Tails
The state of indecision?
In 2015, do we have the 51st at last? Some are even forecasting the 10-year Treasury at 1.5% by the end of 2016. Id est, rates staying down - as they ...
20 Oct 2015
Market Matters
Artemis Accounts – Of fear and cheer...
It has been, to put it mildly, a frustrating six months for investors. As the graph below shows, equity markets fell over the period. In the six months to the end of September 2015, on a total return basis and in sterling, the FTSE 100 was down by 8.7%, the S&P 500 by 8.1% and the MSCI AC World by 10.9%.
15 Oct 2015
In the press
US equities: balancing stability and growth
9 Oct 2015
Filmclub
Oil prices: entering a period of recovery
Artemis Global Energy Fund manager Richard Hulf dismisses forecasts that oil could fall to $20 a barrel. As we enter a supply-driven market, Richard tells Fundweb what he thinks will happen next.
9 Oct 2015
Filmclub
Cormac Weldon: will US rates ever rise?
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
9 Oct 2015
The Hunters' Tails
Cassandran cares …
The curse of Cassandra, daughter of Priam: she was doomed by Apollo always to speak the truth, but to have no-one ever believe her...
7 Oct 2015
Filmclub
Mid Wynd: cautiously cheerful …
Manager Simon Edelsten sold China at the right time - so has cash to spend on opportunities created by the turmoil.
7 Oct 2015
Filmclub
James Foster: long-term opportunities in bonds…
The sell-off in bonds has been indiscriminate. James Foster intends to make the most of all that entails.
7 Oct 2015
Filmclub
Mark Niznik: smaller companies outperform
The manager of the Artemis UK Smaller Companies Fund explains how his stock-picks have beaten a benchmark which is holding up better than most.
5 Oct 2015
Filmclub
Global Select: buying (some of) the dips …
The managers of the Artemis Global Select Fund are buying back some of the equities they took profits in at the start of the year.
5 Oct 2015
Filmclub
Monthly distribution: flexible investing for income
With a portfolio of bonds and equities, income is more resilient in an otherwise uncertain world.
5 Oct 2015
Filmclub
Higher oil price: not whether, but when …
Largely obscured by ‘noise’, the facts suggest that the price of oil will rise by the end of this year, according to Richard Hulf.
5 Oct 2015
Filmclub
Artemis Income Fund: companies that can…
Manager Adrian Gosden explains how a strong balance sheet means companies can survive volatility – even in the aftermath of a debacle like VW’s.
5 Oct 2015
Filmclub
Bond markets: preferring Europe …
Strong underlying businesses and lower exposure to the energy sector make European high-yield bonds attractive – says Alex Ralph.
5 Oct 2015
Filmclub
US equities: stock-picking for growth
Artemis US equity manager Cormac Weldon finds US companies he thinks will thrive, even in challenging markets.
2 Oct 2015
The Hunters' Tails
Perpending Pangloss …
Mozambique is clear of landmines – 100 years earlier than expected. Kenya has launched the world’s first Treasury bond ...
2 Oct 2015
News
High Income Fund review, year to 7 August 2015
We are pleased that the fund has returned 4.6% over the year and the distribution has increased by 6.1%. While the fund’s performance lagged its formal benchmark (the Markit iBoxx sterling non-gilts Index), that is not really comparing like with like.
1 Oct 2015
Filmclub
Global income: sustaining yield
Jacob de Tusch-Lec explains why he favours bond proxies in Europe (and China).
30 Sep 2015
News
Global Energy Fund review, year to 31 July 2015
This was a painful year to invest in the energy sector: oil prices worldwide halved and the fund fell by 41.6%. Given the fund’s bias to exploration and production (E&P) companies, things might have been even worse.
30 Sep 2015
News
Global Income Fund review, year to 31 July 2015
Over the period, the fund produced a return broadly in line with the rise in the global market. At the same time, however, it significantly outperformed the majority of its peer group, where the average return was just 6.6%.
29 Sep 2015
In the press
Get global dividends but avoid the dips
25 Sep 2015
The Hunters' Tails
Aidos and Aida …
In Verdi’s opera of 1871, Aida hides herself in a vault in order to die with Radamès (Radamès and Aida ...
23 Sep 2015
Webcast
Webcast: delivering income in volatile markets
The Artemis Monthly Distribution Fund’s managers discuss their outlook for bonds and global equities and how they are preparing for a rise in interest rates.
22 Sep 2015
Filmclub
Generating yield in volatile markets
Interviewed by Investors Chronicle, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how equity income shares are holding up amid current volatility and where he is finding investment opportunities.
22 Sep 2015
Filmclub
William Littlewood: what the Chinese authorities do next is crucial
Fears over the Chinese economy have caused equity markets around the world to fall. William explains why China may suffer further and how the situation may evolve.
21 Sep 2015
Hunters' Talk
Artemis US funds: year one – the advantages of being active
Cormac Weldon reviews the first year of Artemis’ initial three US funds, and where he sees things going from here.
18 Sep 2015
The Hunters' Tails
A villanelle’s quatrain …
Beyond such diurnalities, collectively and as democracy’s denizens, perhaps the world wants to stay in Nevereverland.
14 Sep 2015
In the press
Jacob de Tusch-Lec: “Outstanding rising talent” of 2015, says Morningstar
14 Sep 2015
In the press
Why Edelsten is buying Amazon and Facebook despite high valuations
11 Sep 2015
The Hunters' Tails
Pushmi-pullyu’s palindrome...
Forwards – backwards? Only the high-frequency traders,aka algorithms, can be enjoying this.
7 Sep 2015
In the press
Risky versus safe income: finding the balance
4 Sep 2015
The Hunters' Tails
In incidence of empire …
“If I listen to too much Wagner,” said Woody Allen, “I start getting the urge to invade Poland.” On 1 September 76 years ago, Hitler did just that.
27 Aug 2015
News
UK Special Situations Fund review, six months to 30 June 2015
The fund returned 4.9% versus 3.0% from its benchmark. Our winners are a typically eclectic mix.
27 Aug 2015
News
UK Growth Fund review, six months to 30 June 2015
The fund returns 9.6% versus 3.0% for the benchmark. We have refined our focus to look for future dividend-payers.
27 Aug 2015
News
Monthly Distribution Fund review, six months to 30 June 2015
The fund returns 5.0% versus 0.3% from its benchmark. We retain our enthusiasm for high-yield, hybrid and financial bonds.
27 Aug 2015
News
UK Smaller Companies Fund review, six months to 30 June 2015
The fund performed in line with its benchmark over the period. It returned 11.6% versus 11.8% for the Numis Smaller Companies (ex Investment Trust) Index.
27 Aug 2015
News
Mid Wynd International Investment Trust review, year to 30 June 2015
Despite the significant differences in composition between the fund and the benchmark, they performed in a broadly similar fashion over the reporting period. The FTSE All-Share Index returned 3.0% while the fund returned 3.4%.
25 Aug 2015
In the press
“Oil could drop below $20 a barrel in the next six months”
25 Aug 2015
Hunters' Talk
The Owl of Minerva: if you can keep your head…
As investors takes fright at events in China, Simon Edelsten, manager of the Artemis Global Select Fund, recommends an opportunity for attractive growth in the developed world that does not depend on emerging markets.
12 Aug 2015
Hunters' Talk
Cormac Weldon: what do the latest US company results mean for investors?
This quarter’s results season in the US has been even more closely observed than usual. It could be the last before a rise in interest rates. Cormac Weldon, head of Artemis’ US equity team, talks through the latest figures, how his investment approach has benefited, and where he is finding opportunities.
10 Aug 2015
Hunters' Bearings
Eurozone earnings momentum turning positive
Paul Casson, manager of the Artemis Pan-European Absolute Return Fund, discusses the outlook for earnings in Europe and highlights a particular stock that he thinks has great promise.
6 Aug 2015
Filmclub
Edelsten: restructuring Mid Wynd around long-term growth themes
A year after Artemis took over management of Mid Wynd International Investment Trust, Simon Edelsten tells Citywire Wealth Manager why he has increased the portfolio’s allocation to healthcare and the US.
6 Aug 2015
In the press
Mid Wynd marks its first full year at Artemis
6 Aug 2015
In the press
The longest US bull market in history?
3 Aug 2015
Hunters' Talk
The times they are a-changin’
After joining Artemis last year, Cormac Weldon launched the Artemis US Equity, US Select and US Smaller Companies Funds. A lot has happened in the US economy since – including a period of unexpectedly weak growth in the first quarter of this year. US stocks, however, have produced positive returns and all three funds are comfortably ahead of their benchmarks. Cormac looks back on the changes and explains why the funds are changing too.
20 Jul 2015
Hunters' Talk
Global income: preparing for a rate rise…
In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers*. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend on the classic income payers.
17 Jul 2015
News
Alpha Trust review, year to 30 April 2015
Over the year under review, the Company’s net asset value fell by 0.9 per cent on a total return basis compared with a rise of 7.5 per cent in the FTSE All-Share Index.
17 Jul 2015
News
Artemis VCT plc review, six months to 31 March 2015
The last six months has seen the Company’s net asset value grow by 2.7 per cent on a total return basis. We are broadly satisfied.
13 Jul 2015
Hunters' Talk
Greece: the sideshow continues
Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and US.
7 Jul 2015
Hunters' Bearings
US wage inflation on the increase
Cormac Weldon, Artemis US equity manager, looks at opportunities in the banking sector arising from US wage inflation.
6 Jul 2015
News
Income Fund review, year to 30 April 2015
Having returned only 1.8% at the interim stage, the fund finished its year strongly. It rose by 10.0% (class I) over the year under review – 2.5% better than the return achieved by the FTSE All-Share Index.
6 Jul 2015
News
Global Select Fund review, year to 30 April 2015
The fund returned 22.6% over the period, versus 18.1% from the benchmark and an average of 16.4% from its peer group. Since launch in 2011, it has returned 54.6%, outperforming its peers by 10.3%.
6 Jul 2015
News
European Opportunities Fund review, year to 30 April 2015
The fund performed well over the year, returning 9.8% versus 7.0% from the FTSE World Europe (ex-UK) Index and a 6.6% average by its peers. Since launch in October 2011, it has returned 62.3%* versus the 49.2% produced by the benchmark.
29 Jun 2015
In the press
“How Lionel Messi helped the Artemis US Equity Fund to outperform”
18 Jun 2015
Filmclub
Derek Stuart: where to find value in the UK?
Derek discusses a number of ‘self-help’ stories as examples of where he is finding good opportunities in the UK.
17 Jun 2015
Filmclub
Mid Wynd: our repositioning is rewarded
Manager Simon Edelsten marks the first anniversary of the Trust at Artemis by reflecting on his most successful investment themes – and on safeguarding returns as volatility increases.
17 Jun 2015
Filmclub
Rayner Spencer Mills: Why we rate the Artemis US Select Fund
Ken Rayner and Graham O’Neill from RSM, explain why they rate the fund, its investment process and how it can be used in a portfolio.
17 Jun 2015
Filmclub
Rayner Spencer Mills: Why we rate the Artemis Global Growth Fund
Ken Rayner and Graham O’Neill from RSM, explain why they rate the fund, its investment process and how it can be used in a portfolio.
17 Jun 2015
Filmclub
The Adviser Centre: ‘Why we recommend the Artemis Monthly Distribution Fund’
Gill Hutchison, Head of Investment Research at The Adviser Centre, explains what investors can expect from the fund and why it is a ‘Recommended’ fund.
15 Jun 2015
Filmclub
Where next for the price of oil?
Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view.
12 Jun 2015
Filmclub
Global energy: positioning for a recovery in the oil price …
Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities.
12 Jun 2015
The Hunters' Tails
Holding to Heraclitus …
Britain’s oldest pub, Ye Olde Fighting Cocks in St Albans, has been in business since the 8th century. Now it is being urged, by the animal rights group Peta, to change its ...
10 Jun 2015
Hunters' Talk
European equities and QE: the trillion-euro question
In this ‘Hunters’ Talk’, Mark Page, manager of the Artemis European Opportunities Fund, considers the valuations of European equities, asks what effect quantitative easing (QE) is really having and explains how – and where – he is investing.
5 Jun 2015
News
Global Growth Fund review, year to 7 April 2015
The fund enjoyed a good year, returning 28.3% and outperforming the MSCI AC World Index by almost 8%. Annualised returns since the end of 2003, when we began managing this fund using SmartGARP, Artemis’ proprietary stock screening tool, stand at 11.2% (after fees).
5 Jun 2015
News
Capital Fund review, year to 7 April 2015
With value stocks out of fashion, the fund was up 3.9% versus the FTSE All-Share Index, which rose 9.1%. However, the fund’s longer-term record remains sound.
2 Jun 2015
News
Strategic Bond Fund review, year to 31 March 2015
The fund returned 4.8% for the year. Our peer group averaged 6.6% and the Markit iBoxx Sterling non-gilts Index returned 13.1%. Long bonds did well in the year under review. Our more cautious strategy of avoiding this area did not pay off this year - though it did last year.
2 Jun 2015
News
European Growth Fund review, year to 31 March 2015
We launched this fund 14 years ago. Over that period the people and processes involved in managing the fund are largely unchanged. Since inception the fund has returned 171.9% whilst the market has returned 108.9%.
18 May 2015
Filmclub
Is it time to sell US equities?
In the wake of US Federal Reserve chief Janet Yellen saying that US equities look fully valued, Artemis US equity manager Cormac speaks to Morningstar’s Emma Wall about whether it’s time to sell US equities.
18 May 2015
Hunters' Talk
Global equities: all change?
Something is happening in global markets. Fashionable sectors have fallen out of favour. Cheap and unloved stocks are suddenly attractive. German bund yields have jumped higher. European equities have sold off. Trend-following strategies have struggled. All this suggests instability. Artemis Global Income manager Jacob de Tusch-Lec discusses what is causing it and how investors should respond.
6 May 2015
Filmclub
State of the markets: global growth
In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he’s positioning his fund.
5 May 2015
Filmclub
Artemis Global Income: favouring Europe over the US
With a 10% return* from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the USA.
5 May 2015
Filmclub
State of the markets: UK equity income
Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias.
5 May 2015
Filmclub
William Littlewood “betting that QE won’t work”
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU.
5 May 2015
News
US Smaller Companies Fund review, launch to 28 February 2015
Given the predominant influence on the US stockmarket of accommodative monetary policy and other macro-economic factors, the period has not been a naturally fertile one for active stock-pickers such as we are.
5 May 2015
News
US Select Fund review, launch to 28 February 2015
We regard the fund’s return over the period as satisfactory. Given the predominant influence on the US stockmarket of accommodative monetary policy and other macroeconomic factors, the period has not been a naturally fertile one for active stock-pickers such as we are. As we explain in the outlook section below, we expect this situation to change through 2015 and beyond.
5 May 2015
News
Pan-European Absolute Return Fund review, launch to 28 February 2015
The fund’s net asset value rose by 1.0% from its launch on 14 July 2014 to the end of February 2015. While this was a fairly pedestrian outcome against the peer group, the headline figure masks two quite different periods of performance.
5 May 2015
News
US Extended Alpha Fund review, launch to 28 February 2015
The fund performed in line with our expectations, outperforming the index. As economic growth around the world slowed, fundamentals in energy and energy-related stocks deteriorated. The fund beneftted from that deterioration. At the same time, however, pricing concerns hurt some of our pharmaceutical stocks
5 May 2015
News
US Equity Fund review, launch to 28 February 2015
We regard the fund’s return over the period as satisfactory. Given the predominant influence on the US stockmarket of accommodative monetary policy and other macro­economic factors, the period has not been a naturally fertile one for active stock-pickers such as we are. We expect this situation to change through 2015 and beyond.
5 May 2015
News
Strategic Assets Fund review, six months to 28 February 2015
The fund fell by 0.1% over the six months under review. This compares to a rise of 4.1% for the FTSE All-Share Index and a negligible return from cash.
5 May 2015
News
US Absolute Return Fund review, launch to 28 February 2015
The fund generated a positive absolute return over the period, outperforming its LIBOR 3 month benchmark. As economic growth around the world slowed, fundamentals in energy and capital goods stocks deteriorated. The fund benefited from that deterioration
30 Apr 2015
Filmclub
Artemis Monthly Distribution Fund: positioning and outlook
Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets.
30 Apr 2015
Filmclub
Sticking to valuation discipline when investing in China
Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke.
29 Apr 2015
In the press
Artemis’ Ralph airs caution on high yield
28 Apr 2015
Webcast
Finding European opportunities
After the ECB-inspired rally, is there still value in Europe? Which stocks are attractive? And should investors hedge their exposure to the euro?
27 Apr 2015
Market Matters
Cockie Hoogterp’s coffin…
This edition of our investment review, ‘Artemis Accounts’, reviews the markets and Artemis’ funds over the last six months.
20 Apr 2015
Hunters' Talk
The Owl of Minerva – Monetary policy and the unknown unknowns
Higher US rates will result in trickier market conditions, says fund manager Simon Edelsten of Artemis Global Select. But there are ways to protect capital and still make worthwhile investments. Simon calls it the Donald Rumsfeld defence.
15 Apr 2015
Filmclub
European equities and Chinese value stocks reward the hunt for growth
The Artemis Global Growth Fund has sailed through a first quarter full of ‘shocks’.
13 Apr 2015
Hunters' Talk
Liquidity in the bond market
Recent events have highlighted the risk of illiquidity in the bond market. James Foster explains the potential impact and the strategy he is employing to mitigate the risk.
10 Apr 2015
Filmclub
Global Emerging Markets Fund launches: where are the opportunities?
Peter Saacke discusses current themes and positioning for his new fund.
9 Apr 2015
Filmclub
The strong dollar buys long-term growth, if you know where to look
US exporters may be suffering from the strong dollar but companies who buy overseas and sell in the domestic market are thriving, says Cormac Weldon.
1 Apr 2015
News
High Income Fund Review, six months to 7 February 2015
The fund returned 2.3% over the six months to 7 February 2015. This was modest compared to the double-digit returns produced by longer-dated government bonds and by some other funds in the sector. The managers remain cautiously optimistic.
27 Mar 2015
News
Global Income Fund review, six months to 31 January 2015
The fund returned 10.4% versus 9.9% for the benchmark and 7.0% for the sector average. The negatives were more than offset by a number of good decisions. We sold our oil holdings at the right time and hedged the fund’s currency exposure.
27 Mar 2015
News
Global Energy Fund review, six months to 31 January 2015
In general, the news from the fund’s holdings was good: there were no shocks, and reserves have increased. But the fund’s performance over the period was correlated closely with the unexpected and savage fall in the price of oil.
25 Mar 2015
In the press
Derek Stuart: “I tend to have more faith in company management teams than I do in central bankers and politicians.”
9 Mar 2015
In the press
Artemis US Select Fund awarded Morningstar Bronze rating
6 Mar 2015
Filmclub
Increased Japanese dividends benefiting Artemis Global Select
Simon Edelsten looks at the positive impact of Japan and the spending power of older people on the Artemis Global Select Fund.
6 Mar 2015
Filmclub
The UK companies that SmartGARP is finding
Philip Wolstencroft, Artemis Capital Fund manager, comments on the UK stocks and sectors the SmartGARP system is highlighting at present. He also comments on the attractiveness of oil stocks in the UK.
5 Mar 2015
Filmclub
Global opportunities: the US, oil stocks and increasing opportunities in Europe
Peter Saacke, manager of the Artemis Global Growth Fund, reports on the progress of his fund in 2015 and why he sees Europe as an area of particular opportunity.
5 Mar 2015
Filmclub
Philip Wolstencroft on the prospects for European growth
Philip Wolstencroft, Artemis European Growth Fund manager, discusses Europe’s prospects and why he’s favouring technology stocks.
5 Mar 2015
Filmclub
Europe “a very interesting space” in 2015
After a flat year for European equities in 2014, Mark Page sees substantial opportunities for growth in the year ahead.
5 Mar 2015
Filmclub
Artemis US Equity Fund: the importance of stock-picking
In a strong US market, Cormac Weldon highlights the importance of active management in identifying attractive opportunities.
5 Mar 2015
Filmclub
Artemis Income: Persimmon, politics and planning providing performance
Adrian Gosden updates investors on the performance of the Artemis Income Fund to date in 2015 and looks at some of the upcoming big events likely to affect markets and dividends.
5 Mar 2015
Filmclub
Smaller airline helps Artemis US Smaller Companies take off ...
Cormac Weldon makes the case for smaller US companies and looks at some of the stocks helping the fund’s performance.
5 Mar 2015
Filmclub
Do equities still offer good value?
After three years of strong market growth, is there still value to be found by investing in equities? Four Artemis managers give their views, from a European, US and global viewpoint.
5 Mar 2015
Filmclub
Favouring fertiliser and video games for Artemis US Select
Manager Cormac Weldon explains why he is very overweight to the US technology sector, and why he also sees opportunities in a fertiliser manufacturer.
5 Mar 2015
Filmclub
Artemis High Income: favouring Europe or the US?
Alex Ralph contrasts yields being achieved from European and US high yield bonds, and looks at the prospects for future yields.
2 Mar 2015
News
Monthly Distribution Fund review, year to 31 December 2014
The fund outperformed the sector, returning 8.3% compared to a sector average of 4.3%. Over the 12 months under review, we believe we have succeeded in our task, generating an attractive monthly yield while also delivering capital growth.
27 Feb 2015
News
UK Special Situations Fund review, year to 31 December 2014
We always recognised that 2014 would be a tough year, with higher valuations, earnings downgrades and the spectre of rising interest rates. We had hoped, however, to have produced a better relative result. That said, over the past three years the fund has produced a return of 50.9% against 37.3% from our benchmark.
27 Feb 2015
News
UK Smaller Companies Fund review, year to 31 December 2014
Stock-specific issues along with overall loss of confidence in small cap results meant that the fund was down 4.9% versus a benchmark loss of 1.9%.
27 Feb 2015
News
UK Growth Fund review, year to 31 December 2014
The fund was down 0.3% vs the benchmark up 1.2% over the year. Despite this, the fund continues to outperform over the longer-term. Looking ahead, we are backing consumption-led growth.
23 Feb 2015
Hunters' Talk
Europe: an inflection point?
In his latest Hunters’ Talk, Jacob de Tusch-Lec explains why he believes European stocks may be at an inflection point and describes how – and why – he has positioned the Artemis Global Income Fund to benefit from €1 trillion of asset purchases by the ECB.
17 Feb 2015
News
Mid Wynd International Investment Trust review, six months to 31 December 2014
This was a busy but rewarding six months for the Company. Having largely completed re-structuring the portfolio by the end of June, we let the Company’s new holdings go to work in the market over the last six months of the year.
11 Feb 2015
In the press
Derek Stuart: “The single FTSE sector that still offers value”
9 Feb 2015
Filmclub
Mark Tyndall: 2015 “an excess of interesting times”
Artemis senior partner Mark Tyndall reviews the developments affecting markets in 2015 and their implications for investors.
4 Feb 2015
Filmclub
“A healthy backdrop for European equities”
Paul Casson, manager of the Artemis Pan-European Absolute Return Fund, discusses the outlook for European equities.
4 Feb 2015
Filmclub
James Foster: a positive – if volatile – outlook for bonds
Artemis’ Strategic Bond Fund manager discusses the outlook for bond markets in the year ahead.
4 Feb 2015
Filmclub
Maintaining El Dorado in UK equity income
In a world of low or negative yields, Adrian likens a 3.9%* return on the Artemis Income Fund to a form of El Dorado. The challenge is maintaining it ...
4 Feb 2015
Filmclub
Looking below the surface for special situations opportunities
Derek Stuart and Andy Gray, managers of the Artemis UK Special Situations Fund, offer their current views on the UK market and where they’re seeing investment potential.
4 Feb 2015
Filmclub
US equities: emphasis on quality will beat the index
Artemis’ head of US equities, Cormac Weldon, looks at the state of the US economy and the factors likely to drive equity markets in 2015.
4 Feb 2015
Hunters' Talk
Oil prices: our interpretation …
Why have oil prices fallen so far? And what will cause them to rise? John Dodd and Richard Hulf, managers of the Artemis Global Energy Fund, examine the issues.
28 Jan 2015
Hunters' Talk
The Owl of Minerva: anticipating the unexpected …
If the newspapers are to be believed, 100-year events now take place every few weeks. Yet commentators insist on describing economic surprises as ‘shocks’. Most are nothing of the sort.
27 Jan 2015
Hunters' Talk
The Greek election – and European equities...
As a new ‘anti-austerity’ government takes over in Greece, Mark Page, manager of the Artemis European Opportunities Fund, looks at the consequences for European equities.
27 Jan 2015
Webcast
Webcast: Artemis US long/short equities, with Stephen Moore
26 Jan 2015
In the press
‘The Big Interview’ – Mark Tyndall talks to Investment Week
23 Jan 2015
In the press
“Artemis’ de Tusch-Lec buys REITs for Europe QE protection”
23 Jan 2015
Hunters' Talk
The ECB announces QE…
Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, comment on the ECB’s expansion of its programme of asset purchases.
22 Jan 2015
News
Income fund review, six months to 31 October 2014
The fund rose by 1.4% over the six months. Given that there was plenty for markets to worry about, and that any pockets of cheer were isolated, this resilience was welcome. The FTSE All-Share Index fell by 1.6% over the same period.
21 Jan 2015
News
Global Select Fund review, six months to 31 October 2014
Although equity markets became unsettled over the six months in question, global stocks have continued to deliver attractive returns. The MSCI All Country World Index returned 8.0% in sterling terms. Despite our continued conservatism, the fund’s unit price rose by 6.8%, and placed us in the second quartile of our peers.
21 Jan 2015
News
European Opportunities Fund review, six months to 31 October 2014
Over the six months, the fund fell by 4.1%. That was in line with the benchmark, yet better than the sector average. Three years on from its launch, your fund is ahead of European indices and has performed significantly better than the average fund.
16 Jan 2015
Hunters' Talk
Swiss franc: Artemis European Opportunities positioning
Mark Page comments on the impact of the cancellation of the Swiss franc’s euro cap on the Artemis European Opportunities Fund.
9 Jan 2015
Market Matters
Outlook for 2015
Artemis managers share their outlook for equities in 2015 – UK, European, US and global – and fixed income markets.
31 Dec 2014
News
Artemis VCT plc review, year to 30 September 2014
The year under review began well but, as we had anticipated at the interim stage, the second half of the year was tougher. Despite these more difficult conditions, we managed to retain most of our earlier gains, delivering a total return for the year of 22.9 per cent.
16 Dec 2014
Filmclub
William Littlewood: still bearish, but “not all gloom and doom”
Artemis Strategic Assets Fund’s manager looks at the prospects for bonds, equities, currencies and commodities.
16 Dec 2014
Filmclub
Bond markets looking calmer...
Adrian Frost, manager of the Artemis High Income Fund, says the twin threats of interest rates and inflation appear to have receded for the time being.
15 Dec 2014
Filmclub
Why has the oil price fallen so far, so quickly?
Richard Hulf, manager of the Artemis Global Energy Fund explains why the oil price has fallen and why he thinks it’s a short-term phenomenon.
15 Dec 2014
Filmclub
Oil & geopolitics: where next?
Richard Hulf, co-manager of the Artemis Global Energy Fund, looks at the geopolitical factors affecting oil supply and pricing; and gives his thoughts on future demand.
15 Dec 2014
In the press
Artemis’ Weldon: “Oil price may represent $500 stimulus for every American”
15 Dec 2014
Filmclub
2015 outlook: Artemis managers share their views
From world fuel prices to UK politics; European QE to Japanese elections; and a US recovery to emerging markets – what might 2015 hold in store?
15 Dec 2014
Filmclub
After a ‘pause for breath’, what next for UK small caps?
Mark Niznik, manager of the Artemis UK Smaller Companies Fund, looks at the attractiveness of small caps at present and considers what could be the catalysts for growth.
15 Dec 2014
Filmclub
James Foster on the prospects for bond markets in 2015
James, manager of the Artemis Strategic Bond Fund, looks at the prospects for interest rates and bond yields amid contrasting QE policies either side of the Atlantic.
15 Dec 2014
Filmclub
“Difficult to be bearish” on Europe
Despite a patchy recovery across Europe, Paul Casson, manager of the Artemis Pan-European Absolute Return Fund, says it is difficult to be bearish with a weaker currency, supportive central bank and low interest rates.
15 Dec 2014
Filmclub
Mark Page: confidence returning to Europe
After a positive 2013 for European equities and a year of consolidation in 2014, Artemis European Opportunities Fund’s manager expects confidence to return to Europe in 2015.
11 Dec 2014
Filmclub
Favouring UK financials, pharmaceuticals and leisure for growth in 2015
Philip Wolstencroft, manager of the Artemis Capital Fund, looks to the UK sectors that he thinks will perform well in 2015.
11 Dec 2014
Filmclub
Can the US bull market run continue in 2015?
Artemis US Equity Fund’s manager, Cormac Weldon, looks at the consequences of falling oil prices for US companies and for investors; and at the wider prospects for the US market and economy.
11 Dec 2014
Filmclub
Expecting “reasonable but not spectacular returns” from European equities in 2015
Philip Wolstencroft, Artemis European Growth Fund’s manager, says that despite downbeat commentary, European stocks grew 4-5% in 2014. He expects more of the same in 2015.
11 Dec 2014
Filmclub
Artemis Global Growth: looking to a sixth consecutive year of outperformance?
With his Global Growth Fund set to record its fifth consecutive year of outperformance, Peter Saacke discusses the areas of opportunity that could bring further positive returns in 2015.
11 Dec 2014
Filmclub
Adrian Frost: “brighter spots” for consumers in 2015
With consumers under continuous pressure for the past six years, Adrian Frost, manager of the Artemis Income Fund, thinks that falling oil and commodity prices should offer some brighter spots in the year ahead.
11 Dec 2014
Filmclub
Investing in cruise liners and spectacle lens makers on the back of oil price falls
Simon Edelsten, manager of the Artemis Global Select Fund and Mid Wynd investment trust, looks at the investment themes benefiting from falling oil prices.
11 Dec 2014
Filmclub
Where should investors look for income in 2015?
Artemis Monthly Distribution Fund's manager, Jacob de Tusch-Lec, looks at the opportunities for income in equity and bond markets in 2015.
11 Dec 2014
Filmclub
Derek Stuart on 2015: politics and the pros and cons of falling oil prices
Artemis’ UK Special Situations Fund manager gives his views on the outlook for 2015.
11 Dec 2014
Filmclub
Finding ‘best ideas’ US stocks
Cormac Weldon examines three of the ‘best ideas’ stocks in his Artemis US Select Fund’s portfolio; and explains why he has confidence in their prospects.
10 Dec 2014
Filmclub
Where to find income in 2015?
As global economies desynchronise, Artemis Global Income manager Jacob de Tusch-Lec identifies how he is positioning his portfolio for 2015 in the search for income.
9 Dec 2014
Filmclub
Global market update: an “incredibly desynchronised” recovery...
Jacob de Tusch-Lec comments on the state of the global economy and equity markets, from a resurgent US to a disappointing China, and from an uncertain Japan to a worrisome Europe.
9 Dec 2014
Webcast
Webcast: US equities
After a volatile few weeks for US equities, Cormac Weldon, the head of Artemis’ seven-strong US equity team, gave his first webcast since joining Artemis from Threadneedle.
4 Dec 2014
In the press
Hargreaves Lansdown issues research update on Artemis Global Energy Fund
30 Nov 2014
News
Strategic Bond Fund review, six months to 30 September 2014
The last six months have been a little disappointing, with a return of 0.8%. That compares with 2.3% from the average of the peer group. This said, the fund’s longer term record still looks healthy.
30 Nov 2014
News
European Growth Fund review, six months to 30 September 2014
Over the six months under review, European markets fell by 2.3%. The fund, meanwhile, fell by just over 4.0%, gross return. Since we launched it in 2001, the benchmark has risen by up 90.0% while your fund has returned 147.6%.
27 Nov 2014
Filmclub
“How to profit from a falling market”
Stephen Moore, manager of the Artemis US Extended Alpha Fund, is interviewed by Morningstar as part of its 'Why should I invest with you?' series.
27 Nov 2014
Market Matters
A bull with attitude…
With crises, invasions, stock meltdowns, air disasters, sanctions and health scares, the financial markets have had a lot to consider this year…
27 Nov 2014
Hunters' Talk
CoCo caution
James Foster, manager of the Artemis Strategic Bond Fund, explains why he is cautious about contingent core Tier-1 capital bonds.
21 Nov 2014
In the press
Hargreaves Lansdown issues research update on Artemis Global Income Fund
19 Nov 2014
News
Investor warning – bogus websites and callers
Important information for investors about potential scam websites and cold-callers
17 Nov 2014
In the press
Artemis Strategic Assets: “Strong returns can be found if you go the opposite way to the crowds”
17 Nov 2014
In the press
Hargreaves Lansdown issues research update on Artemis UK Smaller Companies Fund
17 Nov 2014
In the press
Edelsten: Companies losing faith in prospects for global growth
17 Nov 2014
In the press
Hargreaves Lansdown issues research update on Artemis Strategic Assets Fund
11 Nov 2014
Hunters' Talk
The Owl of Minerva - investing in a time of deflation
Fund manager Simon Edelsten of Artemis Global Select explores the possible effects of deflation and whether this has any impact on stock selection...
6 Nov 2014
Hunters' Talk
Reasons to be cheerful ...
As we see the interim and annual reports for their funds come through, a number of Artemis’ managers are feeling positive: not perhaps on markets as a whole, but on the opportunities for stock-pickers in markets such as these. Here, four of our managers give their views on the current state of the markets.
3 Nov 2014
News
Strategic Assets Fund review, year to 31 August 2014
As bond shorts offset gains elsewhere, the fund returns 0.9%.
28 Oct 2014
Filmclub
An introduction to Artemis
Mark Tyndall and Richard Turpin, non-executive director and managing director, introduce the business of Artemis.
24 Oct 2014
Filmclub
Simon Edelsten: “we like choppy conditions”
The manager of Artemis’ Global Select and Mid Wynd funds updates investors on their positioning and says the current market volatility creates opportunities for investment.
24 Oct 2014
Filmclub
Mark Tyndall: “sit tight” amidst volatility
As Mark says, there is “plenty for investors to get worried about” at the moment. But equally, with no signs of a major crisis, his advice to investors is to wait for the markets to settle down again.
24 Oct 2014
Filmclub
Global Growth: “unemotional” stock-picking reaps rewards
Peter Saacke reports a good performance for his Global Growth Fund in spite of market volatility.
23 Oct 2014
Filmclub
Artemis European Opportunities three years on: “a good journey so far”
Manager Mark Page comments on the challenges – and opportunities – of launching a fund in the midst of the Eurozone crisis, and how it has performed three years since.
23 Oct 2014
Filmclub
James Foster: attractive fixed income opportunities still to be found
With economic forecasts turning out off-target, Artemis Strategic Bond Fund manager James Foster discusses the impact on his fund’s portfolio and where he’s looking in the bond markets for attractive opportunities.
23 Oct 2014
Filmclub
Artemis Global Income: changes to positioning in volatile markets
Manager Jacob de Tusch-Lec reports on changes he has been making in light of negative global newsflow.
23 Oct 2014
Filmclub
A “more difficult environment” for high income...
Amidst a range of economic worries, Adrian Gosden says extra work is required to understand the fundamentals of companies, but that “it doesn’t mean the opportunity set has shrunk”.
23 Oct 2014
Filmclub
Artemis Income: large-cap bias benefits performance
Amidst volatile markets, Adrian Gosden reports on “reasonable” performance for the Artemis Income Fund
23 Oct 2014
Filmclub
Hunting ‘best ideas’ stocks for the Artemis US Select Fund
Manager Cormac Weldon explains the fund’s investment approach and areas where he is currently finding opportunity.
23 Oct 2014
Filmclub
Cormac Weldon: “sanguine” on positive economic growth in the USA
Cormac discusses the areas where he is finding opportunities for his Artemis US Equity Fund, and the outlook for US equities.
16 Oct 2014
Hunters' Talk
The Owl of Minerva – Abenomics
After two years of ‘Abenomics’, the Artemis Global Select and Mid Wynd Investment Trust team reviews progress on the ground ...
16 Oct 2014
Filmclub
Volatility: views from de Tusch-Lec, Foster, Weldon and Edelsten…
As uncertainty continues, four of Artemis’ fund managers give some perspective on matters.
10 Oct 2014
News
High Income Fund review, year to 7 August 2014
Another year of strong performance saw the fund return 9.0% beating the benchmark which returned 6.4%.
9 Oct 2014
Market Matters
Markets’ metamorphosis…
This edition of our investment review, ‘Artemis Accounts’, reviews the markets and Artemis’ funds over the last six months.
1 Oct 2014
News
Global Income Fund review, year to 31 July 2014
The fund recently celebrated its fourth anniversary. We would like to thank unitholders for entrusting us with their money over the last four years. Since its launch in July 2010, the fund has rewarded that trust with a total return of 82.8%. That compares with a return of 51.8% from the sector and 48.6% from the benchmark, the MSCI All Country World NR Index.
1 Oct 2014
News
Global Energy Fund review, year to 31 July 2014
The fund returned 0.1% over the year. That compares with 3.2% from the specialist sector average and 5.5% from the benchmark, the MSCI ACWI Energy (GBP) Index. That said, many of the constituents of the benchmark are large, integrated majors which we didn’t and don’t own.
30 Sep 2014
Hunters' Talk
Why US equities remain compelling
In this Hunters’ Talk, Cormac Weldon, manager of the Artemis US Equity and US Select funds, comments on current valuations in the US and where he is finding opportunities.
29 Sep 2014
In the press
“SmartGARP bounces back to power” for Artemis Global Growth
24 Sep 2014
Market Matters
Bankers’ boons and banes…
There have been 44 bull markets since 1928. Up to the end of August, the present bull market was the fifth-longest since that year when the volcanic island of Anak Krakatau first appeared - and Leon Trotsky found himself banished to Alma-Ata.
18 Sep 2014
In the press
“Mid Wynd new manager Edelsten culls sovereign debt exposure”
18 Sep 2014
In the press
Cormac Weldon: “US markets are not overpriced”
16 Sep 2014
Filmclub
Introducing Artemis’ US fund range
Cormac Weldon, head of US equities, talks to Citywire about the North American funds he and his team are currently launching at Artemis.
15 Sep 2014
Filmclub
Is now a good time to invest in US equities?
Artemis US equity manager Cormac Weldon looks at the current macroeconomic situation in the USA and makes the case for investing in US equities at this point in time.
11 Sep 2014
In the press
“Mid Wynd’s new manager seeks quality to quell volatility”
29 Aug 2014
News
Monthly Distribution Fund review, six months to 30 June 2014
The fund, has generated a good return over the last six months, significantly outperforming its peer group. Our strategy of focusing on high-yield bonds and financials within the portfolio’s fixed-income allocation, and on high-yielding, lower-risk equities, has paid off handsomely.
29 Aug 2014
News
UK Special Situations Fund review, six months to 30 June 2014
Over the first six months of 2014, the fund fell by 1.6%. Given that our benchmark, the FTSE All-Share Index, produced a 1.6% gain in the same period, this was a poor result. So what went wrong?
29 Aug 2014
News
UK Smaller Companies Fund review, six months to 30 June 2014
Although our fund was little changed over the period as a whole, the overall pattern of its relative returns was more nuanced than the bald figures suggest. In the early part of the year, the fund struggled to keep up with the strong bull market. But it outperformed when the market began to fall, more than regaining the ground it lost at the start of the year
29 Aug 2014
Filmclub
Developments in US shale oil and gas
Richard Hulf, manager of the Artemis Global Energy Fund, reports on continuing developments in US shale oil and gas.
29 Aug 2014
News
UK Growth Fund review, six months to 30 June 2014
Over the first six months, your fund fell by 1.6% against a market that rose by 1.6%. It was a story of a good start and a poor end. The fund did well in the first three months of the year, but suffered in the second as investors switched out of UK-centric growth stocks (in which your fund has an overweight position) and into value stocks.
15 Aug 2014
In the press
Edelsten: global stocks to consider if the economic recovery fails
12 Aug 2014
In the press
Charles Stanley Direct issues research update on Artemis Strategic Assets Fund
4 Aug 2014
News
Liquidity in the bond market ...
Artemis Strategic Bond Fund manager James Foster explains the potential impact of illiquidity in the bond market and the measures he is taking to mitigate the risk.
30 Jul 2014
In the press
Charles Stanley Direct issues research update on Artemis Strategic Bond Fund
30 Jul 2014
In the press
FT Adviser reviews the Artemis Global Income Fund
15 Jul 2014
Market Matters
The bankers’ boons…
Secure in the boons of central bankers, markets have entered the summer in a state of almost Zen-like calm. The S&P 500 is now up 191% since the beginning of the bull market on 9 March 2009. That exceeds by 26% the same index’s previous record high on 7 October 2007.
14 Jul 2014
News
Alpha Trust reports 13.3% net asset value increase in its latest annual report
Over the year to 30 April 2014, the Company’s net asset value rose by 13.3% compared to a 10.5% increase in the FTSE All-Share Index. This was a significant improvement on the previous year, when the value ascribed to a number of the Company’s unquoted holdings was written down, weighing on the Company’s relative returns.
11 Jul 2014
Filmclub
Profiling the Artemis Pan-European Absolute Return Fund: what it is and how it’s run
Paul Casson talks about the launch of the new Artemis Pan-European Absolute Return Fund.
9 Jul 2014
In the press
Jacob de Tusch-Lec warning on “bond proxy” stocks
3 Jul 2014
Filmclub
Artemis Income Fund Q2 update
Adrian Gosden updates investors on progress and outlook for the Artemis Income Fund, discussing some of the negative and positive activities in the market and how the fund is positioned going forwards.
1 Jul 2014
Filmclub
Mark Niznik – can the run in small-caps continue?
Mark looks at recent research into the earnings growth potential of UK smaller companies and explains his conclusions.
1 Jul 2014
Filmclub
Artemis Global Select Fund: three year report
Manager Simon Edelsten reviews the performance of the Artemis Global Select Fund on its three year anniversary and the fund’s positioning going forward.
1 Jul 2014
Filmclub
Special situations: long term opportunities outweigh short term uncertainty
After a mixed start to 2014, Derek Stuart updates investors on where he’s finding opportunities in the special situations sector.
1 Jul 2014
Filmclub
Artemis High Income Fund: half-year report
Manager Adrian Gosden reports on progress of the Artemis High Income Fund, discussing the importance of new bond issues and the possible impact of rising interest rates.
1 Jul 2014
Filmclub
Derek Stuart on valuations, earnings, M&A and small-caps
Artemis UK Special Situations Fund manager Derek Stuart considers the state of the UK market, the attractiveness of UK equities, the volume of mergers-and-acquisitions activity and the prospects for smaller companies.
1 Jul 2014
Filmclub
Positive returns and outlook for global growth stocks
With expected market events not happening, Peter Saacke reports that for the average global investor, there have been “plenty of opportunities to lose money” over the last six months. He’s happy to report that his Global Growth Fund has bettered its peers and its benchmark.
1 Jul 2014
Filmclub
Confidence returning to the oil and gas sector
Artemis Global Energy Fund managers John Dodd and Richard Hulf discuss the current highlights and outlook for the energy sector.
1 Jul 2014
Filmclub
James Foster: fixed income in a rising rate environment
With interest rate policies in the major world markets changing, James Foster explains why he’s having to work harder to generate returns.
1 Jul 2014
Filmclub
Global positioning for the Artemis Monthly Distribution Fund
James Foster explains why a global positioning to the fund’s equities and bonds investments is paying off.
1 Jul 2014
Filmclub
Applying a “modicum of caution” to the UK smaller companies market
Mark Niznik, Artemis UK Smaller Companies Fund manager, says that investors shouldn’t expect the stellar returns provided by smaller companies over the last few years to continue.
1 Jul 2014
Filmclub
Finding stock opportunities as a result of the Crimean and Ukrainian crises
Philip Wolstencroft discusses the performance of the Artemis European Growth Fund and why he’s been investing in Russian and eastern European stocks.
1 Jul 2014
Filmclub
Capital Fund update, Q2 14
Philip Wolstencroft updates investors on the performance and positioning of the Artemis Capital Fund.
30 Jun 2014
News
European Opportunities Fund review, year to 30 April 2014
The fund lagged slightly behind this year, returning 13.6%, versus 14.8% for benchmark. However, it is still outperforming since launch. Fund managers Mark Page and Laurent Millet believe their use of derivatives detracted from performance, but remain optimistic.
30 Jun 2014
News
Global Select review, year to 30 April 2014
The fund managers’ cautious approach to long-term investment was not rewarded, and the fund returned -0.2% versus 5.4% from its benchmark. The fund has still outperformed the sector since inception, returning 26.1% compared to a sector average return of 24.0%.
27 Jun 2014
In the press
Mark Niznik on smaller companies: “small caps are only on a small premium to large caps”
27 Jun 2014
In the press
“The only cheap emerging market in the world is China”
17 Jun 2014
News
Income Fund review, year to 30 April 2014
After expenses, the fund returned 10.8% for the year, compared with a return of 10.5% from the FTSE All-Share Index. This modest degree of outperformance is disappointing relative to our aim – and to the returns produced by some of our competitors. Against that, however, the fund continued to provide a yield that is notably higher than the market, and it did so with significantly less volatility.
13 Jun 2014
Filmclub
Japan update
After visiting Japan last week, Simon Edelsten reports positively on his findings, both at macro and stock levels.
13 Jun 2014
Filmclub
European deflation concerns... and opportunities
Deflation is a big worry for equity investors at the moment. Simon Edelsten has been selling stocks exposed to downwards prices, but is also seeing opportunities in other sectors.
12 Jun 2014
Hunters' Talk
Artemis Global Income: a half-time report – stock selection trumps ‘pain trades’
So far this year, the Artemis Global Income Fund has outperformed both its benchmark and its peers rather handsomely. Interestingly, however, it has outperformed despite macro factors not playing out as many investors had expected...
9 Jun 2014
In the press
“Mid-cap underperformance to last at least a year”
7 Jun 2014
News
Capital Fund review, year to 7 April 2014
The fund had a good year, returning 29.6% compared to a benchmark return of 12.1%. Fund manager Philip Wolstencroft discusses the winners we owned, and the losers we avoided.
6 Jun 2014
News
Global Growth Fund review, year to 7 April 2014
Fund manager Philip Saacke attributes stock screening tool SmartGARP® to the fund’s success. The fund enjoyed a good year, its net asset value rising by 11.4% compared to the benchmark rise of 8.4%.
5 Jun 2014
Market Matters
The dysprosium of bonds…
With treasuries and gilts rallying, and eurozone yields plunging, what would Mrs Thatcher have made of current monetary policies?
2 Jun 2014
News
European Growth Fund review, year to 31 March 2014
The fund had a good year, returning 23.1% compared to a benchmark return of 17.3%. Philip Wolstencroft has a positive outlook for (our) European stocks.
29 May 2014
News
Artemis VCT plc review, six months to 31 March 2014
Investment manager Andy Gray reports a continuation of the positive performance enjoyed last year, with the Company’s net asset value increasing by 23.8% on a total return basis.
29 May 2014
Hunters' Talk
China – Doom and Gloom?
Artemis’ Simon Edelsten questions why investors are so despondent about China.
21 May 2014
News
James Foster reviews bond markets and performance of Strategic Bond Fund
The fund manager highlights bank bonds as the fund’s star performers and remains positive about hybrid and financial bonds going forward.
15 May 2014
In the press
Jacob de Tusch-Lec: The challenge facing equity income managers
14 May 2014
In the press
Jacob de Tusch-Lec: ‘Europe is no longer hated but no longer cheap.’
2 May 2014
Filmclub
William Littlewood on positioning of Artemis Strategic Assets Fund
William updates investors on his current positioning of equities, bonds and commodities in the Artemis Strategic Assets Fund.
30 Apr 2014
News
Strategic Assets Fund review, six months to 28 February 2014
As its short positions in government bonds proved costly, the fund fell by 1.1%.
30 Apr 2014
Market Matters
From Crete to China...
This edition of our investment review, ‘Artemis Accounts’, looks back on the last six months and finds reasons both to be fearful and cheerful.
7 Apr 2014
In the press
Profiling Jacob de Tusch-Lec
7 Apr 2014
In the press
“How defying conventional wisdom has paid off for Artemis’ Peter Saacke”
7 Apr 2014
News
High Income Fund review, six months to 7 February 2014
Although it is tempting to describe a return of 5.7% over the period as merely ‘steady’, this reflects how far expectations have been raised by the very strong returns the fund has produced in recent years. Our job is to strike the right balance between risk and reward. Given that investing in high yielding bonds is more risky than government bonds, it should receive a greater reward.
3 Apr 2014
Filmclub
Mark Tyndall: “markets taking a rational and understandable pause for breath”
Mark Tyndall explains why the UK market remains a great place to invest and discusses the significance of the recent Budget.
3 Apr 2014
Filmclub
Global Income Fund positioning update
Jacob talks about how he has positioned the fund to respond to tapering, looks at the reasons for its continued strong performance and how he views the global outlook for dividends.
3 Apr 2014
Filmclub
European Opportunities Fund review, Q1 2014
Mark Page discusses changes in his fund’s portfolio and the outlook for the next couple of years.
2 Apr 2014
Filmclub
Lower market expectations, but special situations opportunities still exist
Derek Stuart recaps a “great time” in UK markets over the past two years, but cautions against overly high expectations in the near future while economies and companies continue their recovery.
2 Apr 2014
Filmclub
Adrian Frost reviews the Artemis Income Fund
Adrian updates investors on the recent performance of the Artemis Income Fund, why he’s staying away from small- and medium-sized companies, and the outlook for dividends and the market generally.
2 Apr 2014
Filmclub
A cautious approach to bonds in 2014
Adrian Frost looks back on a “very good” six months for the Artemis High Income Fund, but explains why he believes yields will come under pressure in 2014.
2 Apr 2014
Filmclub
“Safety first” targeting a 7-8% return with Artemis Global Select
Simon Edelsten explains why he’s investing in ecommerce and healthcare and looking to unfashionable areas to provide returns for investors over the next couple of years.
31 Mar 2014
News
Global Income Fund review, six months to 31 January 2014
The fund rises 3.8% versus a fall of 2.1% in its benchmark, maintaining its longer-term record.
31 Mar 2014
News
Global Energy Fund review, six months to 31 January 2014
In their six-monthly review, the managers report that the fund fell by 11.2%. They attribute this to the adverse sentiment in the energy sector, and remain committed to carefully chosen exploration and production stocks.
28 Mar 2014
Filmclub
The impact of tapering on global equity income
With monetary policy changing in the US and Europe, Jacob de Tusch-Lec discusses the key question for investors – how will equities respond?
26 Mar 2014
Hunters' Talk
Separating the wheat from the chaff in global investing
The start of 2014 has been marked by near-constant change on a corporate, macro and geopolitical level. This daily barrage of news can seem vitally important at the time. But its impact on long-term investment returns is often limited. So how do long-term investors, like Simon Edelsten, manager of the Artemis Global Select Fund, filter the short-term noise for important new information?
25 Mar 2014
Market Matters
Reading the runes…
As the bull market goes on (more or less,) we like to pinch ourselves from time to time.
20 Mar 2014
In the press
Four UK stocks for global growth
13 Mar 2014
In the press
Mark Dampier: “Momentum seems to be with Artemis Global Energy”
13 Mar 2014
In the press
Mark Page: “A 10 per cent fall might be a ‘welcome development’ for long-term investors in the Eurozone”
5 Mar 2014
News
UK Special Situations Fund review, year to 31 December 2013
Over the year, the fund returned 28.3% compared to a 20.8% increase in the FTSE All-Share Index. On the face of it, this was a fair result. But we still feel there were too many missed opportunities.
5 Mar 2014
News
UK Smaller Companies Fund review, year to 31 December 2013
Investors in UK smaller companies enjoyed excellent returns in 2013, with the second half of the year even better than the first. Despite the very healthy 30.2% return on the fund, we were disappointed not to have made headway against the benchmark.
5 Mar 2014
News
Monthly Distribution Fund review, year to 31 December 2013
We are very pleased with the return that the fund produced over the year. The average return from the funds in our peer group was 8.8%. The Fund, however, generated a return of 17.1% – a significant degree of outperformance.
5 Mar 2014
News
UK Growth Fund review, year to 31 December 2013
As the year progressed, multiples expanded ahead of the earnings recovery. This is standard procedure for this stage in the stockmarket cycle. More importantly, it gave us a healthy backdrop against which to invest. For the fund, the result was a very pleasing 36.4% return.
24 Feb 2014
In the press
Six top Japanese stocks for 2014
20 Feb 2014
Hunters' Talk
The challenges for income-seeking investors in 2014
Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, examines some of the challenges that face income-seeking investors in 2014.
19 Feb 2014
In the press
Why Adrian Frost warmed to miners after 10-year gap
17 Feb 2014
In the press
Abenomics might not be most important driver in future, says Artemis’ Edelsten
14 Feb 2014
Hunters' Talk
Revisiting SmartGARP
Peter Saacke and Philip Wolstencroft examine the investment opportunities that Artemis’ stock-screening tool SmartGARP® is currently finding.
13 Feb 2014
Market Matters
As they say in Scotland …
Are the bears back? January, certainly, was a sobering month for investors worldwide. No-one likes to see £1.5 trillion taken off the value of the world’s equities, as happened last miserable month. But those of us who were around in 1997, when the Thai baht went into batter and contagion spread, think that the sell-off was more panic than prudence.
11 Feb 2014
In the press
Artemis Alpha Trust: “Two reasons this long-term top-performer is due a turnaround”
11 Feb 2014
Filmclub
Taking a SmartGARP view of the world
Philip Wolstencroft and Peter Saacke explain why their focus on value sets them apart.
11 Feb 2014
Filmclub
Favouring flexibility in global equity income
As the macro environment evolves and market leadership changes, income-seeking investors must be prepared to be flexible.
11 Feb 2014
Filmclub
Bonds: taking the strategic view
James Foster looks back on a good year for his fund – and asks what rising interest rates might (eventually) mean for bonds.
4 Feb 2014
Filmclub
European stocks for the long run
Mark Page looks beyond quarterly earnings to find opportunities in Europe.
4 Feb 2014
Filmclub
The power of strategic thinking
James Foster examines the reason for Artemis Strategic Bond Fund’s success in 2013 and explains why he is confident about 2014.
4 Feb 2014
Filmclub
Cautious optimism
Thanks to its focus on high quality companies, the Artemis UK Smaller Companies Fund is built to withstand tough market conditions.
3 Feb 2014
In the press
FT Adviser reviews the Artemis UK Smaller Companies Fund
13 Jan 2014
Filmclub
Edelsten: Attractive opportunities in the US and Japan
Artemis Global Select Fund manager Simon Edelsten tells Trustnet why America and Japan are the places to be in 2014.
12 Jan 2014
In the press
Mark Niznik’s small cap picks for the cautious investor
10 Jan 2014
Filmclub
Jacob de Tusch-Lec on why global equity income is vital for investors
Trustnet asks Artemis’ Global Income Fund manager why global equity income is vital for investors and whether investors rely too heavily on the UK for income.
10 Jan 2014
In the press
Derek Stuart: the income stocks I’m backing in Artemis Special Sits
10 Jan 2014
In the press
William Littlewood: I’m preparing for a sovereign debt crisis
10 Jan 2014
Market Matters
The Owl of Minerva - looking (further) ahead...
Investing in a digital future is the theme of this issue of ‘The Owl of Minerva’. Simon Edelsten looks at the digital world and the challenges of valuing internet stocks with new business models.
9 Jan 2014
In the press
James Foster: how I’m making money from bonds in a bear market
12 Dec 2013
News
Artemis VCT plc reports 24.9% net asset value return over the financial year
In his latest investment manager’s review, Andy Gray is pleased to report that patience and a long-term approach have been rewarded.
26 Nov 2013
Market Matters
Hubris and hope...
Progress – or regress? From WCs to debt, this month’s Market Matters gives thanks for companies.
29 Oct 2013
Market Matters
Artemis Accounts, six months to October 2013
The three ‘p’s of fund management, (in)famously, are ‘performance, performance and performance’. It is gratifying to be able to review a further period in which some 70% of our funds have outperformed both the market and their peers. ‘Artemis Accounts’, our six-monthly update for investors, examines what has been happening in the markets, and why; and looks to what we think the future holds.
28 Oct 2013
Market Matters
Concordat’s cornucopia…
Eminent and imminent. Stationary and stationery. Forever polymorphic, capitalism continues.
18 Sep 2013
Market Matters
An admirable anniversary...
Five years ago this month, the cabal controlling Lehman Brothers capitulated – and the rest, as they say, is history. What policy-makers and markets have achieved since then is astonishing. They have recovered from the biggest financial collapse since the Great Depression. Among other things they have overcome crisis in the eurozone, the US ‘fiscal cliff’ and tension in the Middle East.
30 Aug 2013
News
UK Special Situations Fund review, six months to 30 June 2013
Over the first six months of 2013 the fund rose by 10.1%. That compares with an 8.5% increase in the benchmark. In a volatile market, we view that as solid – if rather unspectacular – progress.
7 Aug 2013
Market Matters
A curious cornucopia …
We find some curious facts in history – as we do with the current markets. Happily, our job remains the same: selecting stocks.
10 Jul 2013
Market Matters
Lake Pskov and a Bounderby ...
Even in a land where people eat apples and it rains a lot, the central bankers’ vision of eternal oranges and sunshine shall, it seems, prevail.
18 Jun 2013
Market Matters
Of ebbs and flows …
Having boldly gone, QE has to go. Too soon, and economies collapse. Too late, and inflation soars. What should bankers do?
13 May 2013
Market Matters
Further up – or down?
To the end of April, the UK market has gone up for 11 consecutive months. This has never happened before since the FTSE’s birth in 1962. In this month’s ‘Market Matters’, we consider such predictive powers as history affords ...
30 Apr 2013
Hunters' Talk
The Artemis Global Income Fund - 4.1% yield from a globally diversified portfolio
26 Apr 2013
Market Matters
Artemis Accounts, six months to April 2013
Confounding the sceptics and underwritten by central banks, stockmarkets around the world have gone up in the past six months. ‘Artemis Accounts’, our twice-yearly review for investors, reviews what has been happening, and why, over the last six months; and looks to what we think the future holds.
26 Mar 2013
Market Matters
Market Matters: Tears and things ...
Tears remain a real mystery. From pleasure to pain and from empathy to ecstasy, they can stem from almost anything. Markets are no less mysterious ...
12 Feb 2013
In the press
Investment Adviser interviews Artemis’ co-founder, John Dodd
5 Feb 2013
Market Matters
By the grace of Gottfried...
In terms of sovereign debt, nothing has changed. In terms of sentiment, everything has. The r-word now ain’t recession, but rebound. Artemis’ monthly review of the markets...
3 Dec 2012
Market Matters
From Greeks to Gandhi ...
Our monthly review of the markets; from bail-out bounty for the Greeks to games of chicken for the Americans, capitalism continues

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