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Advisers and wealth managers

Artemis Capital Fund

All data as at 31 January 2017 except where specified
  • Summary
  • About the fund
  • Performance (class R)
  • Performance (class I)
  • Composition
  • Key facts
  • Investment insights
  • Literature
  • Contact us


The fund’s aims

The fund aims to provide investors with a balanced spread of investments for long-term capital appreciation by seeking well-managed companies, primarily in the UK, where we believe there is superior potential for earnings growth.

Current prices and yield
(class R)

As at noon, 24 February 2017
Bid price (acc units)1436.24p
Offer price (acc units)1516.51p
Historic yield (acc units)1.47%

Investment information
(class R)

Minimum lump sum investment£1,000
Ongoing charge (acc units)1.67%

The initial charge is currently waived. The ongoing charge includes the annual management charge of 1.5% and is shown as at the date of the Key Investor Information Document (KIID), where a full explanation of the fund's charges can be found.

Fund manager’s update

With our metal and mining stocks benefiting from firmer metal prices and lower costs, the fund enjoyed a strong start to the year. The share prices of companies such as Anglo American have moved up sharply. At the same time, however, analysts have raised their forecasts for earnings by over 12% since the start of the year - so the price-to-earnings multiples on which these stocks trade have barely shifted. With valuations still low and profits heading up, we are happy to retain our overweight position in the mining sector. The same can be said of the housebuilders, where trading updates continue to confirm a strong backdrop for these companies.

The share prices of companies such as Anglo American have moved up sharply.

That we have very little invested in telecom companies and food producers is proving to be helpful. Updates from the likes of BT and Unilever are confirming that trading conditions in these sectors are poor. With many companies beginning to report their annual profits, we are about to get a clearer insight into whether our positioning is correct.

21 December 2016

Update on Artemis Capital Fund

 

Value of £1,000 invested at launch to 31 January 2017

Value of £1,000 invested at launch to 31 January 2017

Data from 9 September 2002, when Artemis took over management of the fund. Source Lipper Limited, accumulation units, bid to bid in sterling to 31 January 2017. All figures show total returns with dividends reinvested.

Asset allocation

Asset allocation

Source: Artemis as at 31 January 2017. Please note figures may not add up to 100% due to rounding.

Percentage growth (class R)

20162015201420132012
12 months to 31 December8.1%11.0%-0.6%34.8%20.0%
20172016201520142013
12 months to 31 January17.7%1.9%2.5%24.7%25.3%
Please remember that past performance is not a guide to the future. Source: Lipper Limited, accumulation units, bid to bid in sterling. All figures show total returns with dividends reinvested.

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Update on Artemis Capital Fund





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About the fund

The Artemis Capital Fund seeks long-term capital growth by investing in attractively valued companies, mainly in the UK. It draws on SmartGARP®, Artemis’ proprietary stock-screening tool that identifies potential winners and promotes timely and objective decision making.

  • Rigorous stock screening: SmartGARP combats ‘information overload’ by focusing the fund manager’s attention on the stocks with the most attractive financial characteristics.
  • UK-focused: the fund invests predominately in larger companies, many of which are members of the FTSE 100 index. But it also has some exposure to smaller and medium-sized companies along with the flexibility to invest up to 20% overseas.
  • Objective clarity: SmartGARP provides an objective framework for comparing the relative attractions of stocks. It also promotes timely – and frequently contrarian – decision-making.
  • Subjective insight: before investing, the managers carry out due diligence to ensure that the investment story behind an attractive SmartGARP score is real.
  • Best ideas: in parallel with assessing potential new holdings, SmartGARP subjects the fund’s existing holdings to constant scrutiny.  By sending a clear signal when a holding’s financial characteristics are deteriorating, it ensures only the very best ideas remain in the fund, leading to a concentrated portfolio of around 70 to 80 stocks.

Introducing the fund

Philip Wolstencroft introduces the Artemis Capital Fund and outlines his investment approach.

Reasons to consider

The Artemis Capital Fund may be suitable for investors seeking:

  • long-term capital growth
  • exposure to the growth potential of  UK-listed companies
  • an objective, systematic approach to investment
  • an experienced fund manager with a proven performance record

The fund’s current SRRI rating is 5.

Risk warnings

THIS INFORMATION IS FOR PROFESSIONAL ADVISERS ONLY and should not be relied upon by retail investors.
FTSE International Limited (“FTSE”) © FTSE 2016. “FTSE®” is a trademark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE data is permitted without FTSE’s express written consent.
Any research and analysis in this communication has been obtained by Artemis for its own use. Although this communication is based on sources of information that Artemis believes to be reliable, no guarantee is given as to its accuracy or completeness.
Any forward-looking statements are based on Artemis’ current expectations and projections and are subject to change without notice.
Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority.

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The information contained in these pages should not be used or relied upon by private investors.