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Advisers and wealth managers

Artemis Global Growth Fund

All data as at 28 February 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 capital growth from a diversified portfolio investing in any economic sector in any part of the world.

Current prices and yield
(class R)

As at noon, 22 March 2017
Bid price (acc units)236.76p
Offer price (acc units)249.86p
Historic yield (acc units)0.83%

Investment information
(class R)

Minimum lump sum investment£1,000
Ongoing charge (acc units)1.59%

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

As improving expectations for earnings continued to support the rally in global equities, the MSCI All Country World Index reached a new all-time high in February. The advance was led by the US and the more cyclical regions of the world, including Asia Pacific ex-Japan and emerging markets. European and Japanese equities also rose during the month but by less than the global average.

The best performing sectors during the month were IT hardware, healthcare and consumer staples, while energy and materials lagged.

Technology and defensive sectors led the advance. The best performing sectors during the month were IT hardware, healthcare and consumer staples, while energy and materials lagged. Having risen significantly in the preceding six months, banks matched the index’s performance.

Most global companies reported their fourth quarter results in February. As usual, this triggered sales of a number of positions where the news contradicted our case for investing. We thus sold our holdings in Kandenko (Japan), Valmet (Finland), Cooper Standard (US) and BNP Paribas (France). The capital freed up in stocks including ABN Amro (a Dutch bank), Endesa (a Spanish utility), AmerisourceBergen (distributor of drugs) and Randstad (temporary staffing).

In spite of these changes the fund’s principal exposures remain unchanged. It is materially overweight Europe and emerging markets at the expense of North America. And at the sector level, we still prefer basic resources and banks to healthcare and food & beverages. The fund also continues to trade on a substantial valuation discount to the market. At the end of February, its average price-to-earnings ratio was 11.0x versus 15.6x for the market, which is to say 30% cheaper.

04 November 2016

Update on the Artemis Global Growth Fund

 

Value of £1,000 invested at launch to 28 February 2017

Value of £1,000 invested at launch to 28 February 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 28 February 2017. All figures show total returns with dividends reinvested. As at 1 January 2011 the benchmark for the Artemis Global Growth Fund changed to MSCI AC World NR GBP. Returns up to 1 January 2011 reflect those of the MSCI World Index.

Asset allocation

Asset allocation

Source: Artemis as at 28 February 2017. Please note figures may not add up to 100% due to rounding.

Percentage growth (class R)

20162015201420132012
12 months to 31 December22.9%6.9%17.1%23.7%16.7%
20172016201520142013
12 months to 28 February32.9%-1.7%24.2%8.5%20.6%
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 the Artemis Global Growth Fund





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About the fund

The Artemis Global Growth Fund seeks long-term capital growth by investing in attractively-valued growth companies around the world.

It draws on SmartGARP®, Artemis’ proprietary 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 companies with the most attractive financial characteristics.
  • Global opportunity: the fund invests worldwide, covering a broad spread of countries and market sectors.
  • Objective clarity: SmartGARP provides an objective framework for comparing the relative attractions of stocks in different markets and sectors around the world. It also promotes timely – and frequently contrarian – decision-making.
  • Subjective insight: before investing, the manager carries out detailed research to ensure that the investment story behind an attractive SmartGARP score is real.

Introducing the fund

Peter Saacke introduces the Artemis Global Growth Fund and outlines how he makes investment decisions.

Reasons to consider

The fund may be suitable for investors looking for:

  • long-term capital growth
  • exposure to the growth potential of companies worldwide
  • 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.
The fund may invest in emerging markets.
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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