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Private Investors

Important information for your protection

By using this website you agree to the following terms and conditions. If we amend or update these terms and conditions, which we may do without needing to give you any notice, your continued use of the website indicates your continued acceptance of the amended terms and conditions. If you do not agree to accept and be bound by these terms and conditions you should not use this website and should exit it immediately.

Legal and regulatory information for private investors

Important information

The information on this website has been carefully prepared, and it is believed to be accurate when published. We do not, however, give or make any guarantee, representation, warranty or other promise or confirmation (whether express or implied) as to its accuracy or completeness. The information on the website is subject to change without prior notice. This does not affect any duties or liabilities which Artemis may have to you under the Financial Services and Markets Act 2000 or the FCA Handbook, and nothing in this website will exclude, limit or restrict such duties or liabilities.

Issuing entity

This website and these terms and conditions are issued by:

  • Artemis Investment Management LLP
    Registered office: Cassini House, 57 St James's Street, SW1A 1LD. Registered No. OC354068.
  • Artemis Fund Managers Limited
    Registered office: Cassini House, 57 St James's Street, SW1A 1LD Registered No. 1988106.

Artemis Fund Managers Limited and Artemis Investment Management LLP are authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. You can access its website at (external site, opens in a new window).

Both entities are members of the Artemis Investment Management VAT Group, the VAT No. of which is 682 9978 57.

Artemis Fund Managers Limited manages the Artemis unit trusts and is a wholly owned subsidiary of Artemis Investment Management LLP. Artemis Fund Managers Limited is a member of the Investment Management Association.

Throughout these terms and conditions, Artemis Fund Managers Limited and Artemis Investment Management LLP are known collectively as Artemis.

The information has been issued and approved by Artemis and does not in any way constitute investment, tax, legal or any other advice. Where fund or stock names are mentioned it should not be construed that these are recommendations to buy or sell funds or stocks. If you require investment advice or are in any doubt about any of the information on this website please consult your financial or other professional adviser.

Before making an investment, you should read the appropriate fund prospectus or other terms and conditions as may be appropriate.

Intended audience and use of website content

This website is targeted at, and intended for the use of, UK residents only.

The information available on this website does not constitute an offer of, or an invitation to apply for or purchase, any securities. In particular: (i) no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services or products offered in this site; and (ii) the information does not constitute an offer of, or an invitation to apply for or purchase, securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation.

Before making any investment you should read, understand and retain the relevant investment product or service documentation. If you are in any doubt about any of the information on this website, or the suitability of any investment product or service to your needs, please consult your financial or other professional adviser.

Certain products or investment services managed by Artemis are not generally considered suitable for private investors. Therefore, certain areas of the website require additional confirmation that you are an appropriately experienced or qualified investor.

Risk warnings

Please note the following risk warnings:

  • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested.
  • Stock market prices, currencies and interest rates can move irrationally and can be affected unpredictably by diverse factors, including political and economic events.
  • The past performance of an investment is not a guide to future performance
  • Any tax reliefs mentioned are those currently available and are subject to change. Their value depends on the circumstances of the individual investor.
  • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment.
  • To provide levels of income consistent with a fund’s aims, the annual management charge may be taken from capital. This will restrict the increase in the fund’s value.

Some funds will often carry greater risks in return for the potential for higher rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry greater risks than most general funds.

Unit trusts

The Artemis unit trusts are collective investment schemes authorised by the Financial Conduct Authority. Before making any investment in the unit trusts, and to ensure you understand whether a fund is suitable for you, please read the Key Investor Information Document or Prospectus which provide more information about the fund. These are all available on this website.

Investment trust

Artemis Investment Management LLP is the investment manager of the Artemis Alpha Trust plc, an investment trust listed on the London Stock Exchange which adheres to the UK Listing Authority's rules. An investment trust has an independent Board of Directors. Please note that, as the shares in an investment trust are traded on a stockmarket, the share price will fluctuate in accordance with supply and demand and may not reflect the underlying net asset value of the shares. Depending on market conditions and market sentiment, the spread between the purchase and sale price of the shares can be wide. View the Alpha Trust plc pages for more information.

Venture capital trust

Artemis Investment Management LLP is the investment manager of a venture capital trust ('VCT'). Please note that the Artemis VCT invests in AiM, OFEX and unquoted companies which by their nature involve a higher degree of risk than investment in companies traded on the main market of the London Stock Exchange. Existing tax levels and reliefs may change and the value of relief depends on individual circumstances. If a VCT loses its Inland Revenue approval, tax reliefs previously obtained may be lost. Any decision to invest in a VCT should not be made for their tax efficiency alone but always as part of your total portfolio planning. A VCT's shares, although listed, may not be easy to sell at full value. Trading in VCT shares might not be particularly active, so shares tend to be valued at a discount to their net asset value.

It is important that prospective investors read the full explanation of the risks involved, which are contained in the Prospectus. Investment in a VCT carries a higher risk than many other forms of investment and potential investors are strongly advised to seek professional advice.

Hedge funds

Investment in hedge funds is limited to certain types of investors and these funds are not generally considered suitable for private investors. You will be asked to read additional risk warnings and confirm your eligibility before being given access to further information on the hedge funds.

Protecting your data

Please read our privacy policy for information on how Artemis protects any personal data you provide to us. In addition, it provides information on measures you should take to protect your own personal data.

Intellectual property

Artemis and the Artemis Coin are the registered trade marks of Artemis Investment Management LLP. The entire contents of the website are subject to copyright with all rights reserved. Reproduction of all or part of the website (for any purpose other than described below) or copying, editing or alteration of its contents is not permitted.

You may download or print individual sections of the website for personal use and information only provided you retain all copyright and other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of Artemis. For approval please contact us at

Recording of calls

For the protection of all parties, your telephone calls to Artemis may be recorded.

Links to other websites

This website contains links that lead to other websites. These links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the materials appearing in such sites.

Transmission of viruses, etc

You must not transmit any virus, 'worm', 'Trojan horse', or other item of a destructive nature to this website and it is your responsibility to ensure that whatever you download or select for your use from the website is free from such items.


To the fullest extent permitted by law we disclaim any liability to you for any loss (including but not limited to direct, indirect and consequential loss or damage) which you might suffer as a result of using this website, no matter how such loss arises.

Privacy and data protection

For the protection of all parties, your telephone calls to Artemis may be recorded. We will store and process your personal information in accordance with the Data Protection Act 1998. For further information on what information we may collect, and how it is used by us, please read our privacy and data protection policy.


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Governing law

This website shall be governed by, and your browsing in and use of the website shall be regarded as a deemed acceptance of, English law. A condition of using the website is that, in the event of any dispute or proceeding, you irrevocably submit to the exclusive jurisdiction of the English Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

Each time you use the site, a condition of use is that you comply with the above terms.

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