skip to content.

Institutions and charities

Artemis European Growth Fund

All data as at 31 March 2017 except where specified
  • Summary
  • Performance
  • Composition
  • Key facts
  • Investment insights
  • Literature
  • Contact us


The fund’s aims

The fund aims to provide long-term capital growth through investment principally in companies in Europe (excluding the UK).

Current prices and yield
(class I)

As at noon, 21 April 2017
Bid price (acc units)326.04p
Offer price (acc units)330.16p
Historic yield (acc units)1.64%

Investment information
(class I)

Minimum lump sum investment£250,000
Ongoing charge (acc units)0.89%

The initial charge is currently waived. The ongoing charge includes the annual management charge of 0.75% 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

Companies such as KGHM, Lenzing, Bekaert and Iren all reported good results and we are happy to carry on holding them.

After a strong run higher, shares in mining companies and other cyclical stocks took a breather during March. This hampered the fund’s performance. With the money supply still expanding, inflation remaining low and economic data continuing to be positive, we suspect that this is a temporary ‘blip’ in leadership among sectors rather than an outright reversal. In the meantime, the fourth-quarter results season came to a close. Analysts tended to raise their forecasts for earnings in response to the news it contained - particularly for the stocks we own. Companies such as KGHM, Lenzing, Bekaert and Iren all reported good results and we are happy to carry on holding them. We took profits in Deutsche Post, Thales and Merck. Their shares had performed well but the rate at which their profits are growing appeared to be slowing a little. We reinvested the proceeds in stocks including Vinci, Covestro, Bouygues and Randstad.

21 December 2016

Artemis European Growth Fund: Where to find value …

Many attractive growth stocks have been overlooked as investors have focused on bond proxies. They are trading at very attractive valuations, says Philip Wolstencroft, manager of the Artemis European Growth Fund.

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

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

Data from 7 March 2001. Source: Lipper Limited, data from 7 March 2001 to 7 March 2008 reflects class R accumulation units, and from 7 March 2008 to 29 April 2016 reflects class I accumulation units, bid to bid in sterling. All figures show total returns with dividends reinvested.

Asset allocation

Asset allocation

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

Percentage growth (class I)

20172016201520142013
12 months to 31 March25.8%-1.9%4.8%23.5%25.1%
20172016201520142013
12 months to 31 March25.8%-1.9%4.8%23.5%25.1%
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.

Email this article:

Artemis European Growth Fund: Where to find value …





CAPTCHA Image
Refresh
Security Code

Risk warnings

THIS INFORMATION IS FOR PROFESSIONAL ADVISERS ONLY and should not be relied upon by retail investors.
FTSE International Limited (“FTSE”) © FTSE 2017. “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.

UK institutional investors and consultants

I confirm that I am a UK institutional investor or consultant and that I agree to and will comply with the terms and conditions of use of this website.

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