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Advisers and wealth managers

Artemis Global Growth 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 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, 24 February 2017
Bid price (acc units)235.26p
Offer price (acc units)248.28p
Historic yield (acc units)0.84%

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

2017 began in broadly the same way that 2016 finished. Equities rose modestly, led by cyclical sectors and regions. Emerging markets and developed markets in Asia-ex-Japan climbed by mid-single digits while the rest of the world delivered marginally positive returns. Similarly, cyclical sectors such as basic resources, tech and media outperformed while consumer staples, utilities and telecoms lagged.

We are materially overweight Europe and emerging markets at the expense of North America.

Our fund, meanwhile, made a quiet start to the year. At the margin we increased our exposure to cheap UK and European names at the expense of US stocks. Examples include new investments in G4S, Britvic, Barratt Developments and Norway’s DNB. These were funded by sales of the likes of Johnson & Johnson and State Street in response to deteriorating corporate newsflow. We took some profits in CSX (US transportation) and Brembo (Italian maker of disk brakes). We also topped up our holdings in US technology holdings such as Microsoft, Corning and Western Digital.

In spite of these changes our principal exposures remain unchanged. We are materially overweight Europe and emerging markets at the expense of North America. And at the sector level we still prefer basic resources and autos to healthcare, food & beverages and technology. Last, but not least, the fund continues to trade on a very substantial valuation discount to the market. At the end of January its average price-to-earnings ratio was 11.2x versus 15.5x for the market, which is to say 28% cheaper.

04 November 2016

Update on the Artemis Global Growth 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. 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 31 January 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 31 January32.2%-2.4%25.8%10.0%20.7%
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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