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Artemis Global Select Fund

All data as at 28 February 2017 except where specified
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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 I)

As at noon, 30 March 2017
Bid price (acc units)98.61p
Offer price (acc units)99.80p
Historic yield (acc units)0.49%

Investment information
(class I)

Minimum lump sum investment£250,000
Ongoing charge (acc units)0.93%

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

In dollar terms, the global equity market rose by 3.5% between Trump’s election and the end of 2016. It then rose 2.4% in January and by another 2.9% in February. Economies seem to be growing well, inflation is subdued and the results season fell only modestly short of expectations. What could possibly go wrong?

After a year of very attractive returns in sterling terms, our main priority is preserving these gains were markets to fall.

Our fund has lagged this soaring market. After a year of very attractive returns in sterling terms, our main priority is preserving these gains were markets to fall. Paradoxically, were the world economy to now see a boom, this might unsettle bond markets - they would worry about rising inflationary pressures - and that could cause equity markets to fall back. Another threat is that most of the announcements made by President Trump have been well received by Wall Street, but as time goes on, some may not have the desired effect on the real economy. The next month should see more detail on reforms of corporate tax, personal tax breaks and changes to tax on imports. This could challenge the bulls.

The fund’s best performing holdings were - again - US banks. Japanese holdings were the worst performers. During the month we have taken further profits in our Chinese investments, reducing our exposure to any US-China conflict over trade. We believe our fund is well balanced to cope with a range of developments in the market.

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 28 February 2017

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

Data from 16 June 2011. Source Lipper Limited, accumulation units, bid to bid in sterling to 28 February 2017. All figures show total returns with dividends reinvested.

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 I)

20162015201420132012
12 months to 31 December24.7%10.2%10.1%21.6%12.7%
20172016201520142013
12 months to 28 February28.8%3.4%17.6%8.5%15.3%
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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Global equities: Looking for cyclical opportunities …





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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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