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Private investors

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
  • How to invest


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 quality companies around the world with the potential to grow.

It draws on SmartGARP®, Artemis’ in-house software tool that screens companies finances to identify 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 a fact-based framework for comparing the relative attractions of stocks in different markets and sectors around the world. It also promotes timely – and often against-the-trend – decision-making.
  • Human insight: before investing, the manager carries out detailed research to ensure that the investment story behind a SmartGARP recommendation is real.

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

Introducing the fund

Peter Saacke introduces the Artemis Global Growth Fund and outlines how he makes investment decisions.

Risk considerations

Before making an investment, investors should consider the level of risk they’re comfortable taking with their money.

  • This fund invests mostly in larger companies, primarily substantial stable businesses. The manager carefully scrutinises companies before investing, looking for those that will deliver good returns over the longer term.
  • Investors should be aware, though, that the usual risks of investing in stocks and shares apply – companies and stockmarkets can go through periods of turbulence and the value of your investment can fall.
  • In addition, a proportion of the fund’s investments may be in emerging markets, which can be more volatile than mature markets.
  • This fund’s ‘SRRI’ risk rating, a measure of how volatile the fund’s performance has been over time, is currently 6, in a range of 1 (lower risk) to 7 (higher risk).

More detailed information on fund risks is included in the ‘risk warnings’ section below.

Risk warnings

To ensure you understand whether this fund is suitable for you, please read the Key Investor Information Document, which is available, along with the fund’s Prospectus, from artemis.co.uk.

The value of any investment, and any income from it, can rise and fall with movements in stockmarkets, currencies and interest rates. These can move irrationally and can be affected unpredictably by diverse factors, including political and economic events. This could mean that you won’t get back the amount you originally invested.

The fund’s past performance should not be considered a guide to future returns.

The fund may invest in emerging markets, which can involve greater risk than investing in developed markets. In particular, more volatility (sharper rises and falls in unit prices) can be expected.

The historic yield reflects distribution payments declared by the fund over the previous year as a percentage of its mid-market unit price. It does not include any preliminary charge. Investors may be subject to tax on the distribution payments that they receive.

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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