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Artemis Global Select 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 objective of the fund is to achieve long term capital growth primarily from a portfolio of global equities that the manager considers to demonstrate leading positions in their sectors.

Current prices and yield
(class R)

As at noon, 24 February 2017
Bid price (acc units)92.78p
Offer price (acc units)97.84p
Historic yield (acc units)0.00%

Investment information
(class R)

Minimum lump sum investment£1,000
Ongoing charge (acc units)1.68%

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 managers’ update

Equity markets started the year strongly. Our portfolios modestly lagged the rising market. Although most of the fund’s investments are not greatly affected by political change, holdings in US banks and producers of shale oil should benefit from Trump’s policies. Others may benefit from lower rates of corporate tax. In contrast, attempts to unwind Obamacare seem more problematic so we have further reduced exposure to US healthcare companies.

We believe this means the portfolio is well balanced to cope with a year of rising interest rates and to benefit from the expansionary policies being introduced in larger economies.

The results season helps to return the market’s focus to company fundamentals. Economic growth worldwide is currently quite healthy, even in Europe. Results from LVMH, Comcast and Boston Scientific have all been reassuring. Two of the smaller holdings in the portfolio, Line Corporation and DeNA, had disappointing earnings and have been sold.

We have rebalanced the portfolio in recent months to prevent the average multiple on which its holdings trade relative to underlying cashflows increasing. This inevitably involves selling holdings in fashionable parts of the market (such as consumer staples) and reinvesting in out-of-fashion sectors (such as financials). We believe this means the portfolio is well balanced to cope with a year of rising interest rates and to benefit from the expansionary policies being introduced in larger economies. That said, the portfolio’s positioning continues to prioritise the protection of capital in case of market volatility.

14 February 2017

Global equities: Looking for cyclical opportunities …

Simon Edelsten, manager of the Artemis Global Select Fund, has been looking at cyclical stocks. He talks to Artemis’ Vik Heerah about increasing the fund’s holdings in financials and in Japan.

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

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

Data from 16 June 2011. 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 December23.8%9.3%9.3%20.7%11.9%
20172016201520142013
12 months to 31 January29.4%2.4%16.2%8.3%16.0%
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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Global equities: Looking for cyclical opportunities …





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Artemis Global Select Fund

About the fund

The Artemis Global Select Fund aims to grow real wealth by investing in quality stocks worldwide: companies with strong market positions, excellent balance sheets and sustainable pricing power.

Regardless of the short-term economic environment, these companies have the financial resources and market positions to grow and prosper. 

  • Quality stocks: to identify attractive investments, the team identifies a number of long-term global growth themes. They then construct a diversified portfolio of high-quality companies that can benefit from these thematic tailwinds over the long term.
  • Value-conscious stock-picking: strong companies only represent good investments when they are bought at the right price. A disciplined approach to valuation ensures that the managers exercise patience, investing only at the right price.
  • Long-term prospects: rather than short-term trading, the managers invest for the long run. They look to build a resilient portfolio of companies that can prosper irrespective of the economic cycle.
  • Short-term protection: the managers will hold up to 20% of the portfolio’s assets in cash when unsustainable valuation levels are reached, offering capital protection should markets fall.

"There is a clear distinction between this fund and many of its peers and as such it is by no means a typical global equity strategy."

Source: Square Mile research, Artemis Global Select Fund factsheet

Owl of Minerva

Key facts


Launch date

16 June 2011

Benchmark

MSCI AC World NR GBP

Share classes and SEDOLs

R accumulation: B5QKCK2
I accumulation: B568S20

Ongoing charge

0.96% (class I); 1.71% (class R) (including the annual management charge of 0.75%/1.50%)

SRRI rating

5

 

Square Mile

 

RSM

Introducing the fund

Simon Edelsten introduces the Artemis Global Select Fund and outlines how he and his co-managers choose sectors and companies to invest in.

Fund managers


Global Select TeamSimon Edelsten (centre)
Rosanna Burcheri (left), Alex Illingworth (right).


The Artemis Global Select team manage the Artemis Global Select Fund and Mid Wynd International Investment Trust PLC.

Reasons to consider

The fund may be suitable for investors looking for:

  • exposure to leading companies around the world
  • the potential for long-term capital growth
  • protection in periods of market turbulence
  • an experienced fund management team with a good record

Performance profile

Our latest performance profile for September 2016 is now available.

Download the document here

 


US healthcare: How increases in efficiency means opportunity for investors ...

US healthcare Source: US Census Bureau 2008

Rayner Spencer Mills reviews the Artemis Global Select Fund

Earlier this year, the Artemis Global Select Fund became a ‘rated’ fund by Rayner Spencer Mills. Below we have highlighted a few of the key points, or you can read the full analysis.

  • Highly experienced and pragmatic fund management team.

  • They aim to provide a posititve absolute return to clients with a simple and sensible investment approach.

  • More sectors and themes are covered than many other thematic managers.

  • In contrast to some growth funds, it aims for a lower than average level of volatility.

  • Over its history the fund has shown good downside protection to investors.

  • Its thematic, value orientated approach is different from many portfolios looking to invest in secular growth themes.

  • The fund would make an interesting satellite addition to investor portfolios with its lower risk approach being suitable for more cautious investors.

For more information, read the full report:

 

Source: All commentary and data from RSMR as at May 2016. Third party endorsements are not a recommendation to buy. Rayner Spencer Mills is a third party and not affiliated to Artemis.


Risk warnings

THIS INFORMATION IS FOR PROFESSIONAL ADVISERS ONLY and should not be relied upon by retail investors.
The fund may have a concentrated portfolio of investments. 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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