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Private investors

Artemis Global Select Fund

All data as at 28 February 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 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, 30 March 2017
Bid price (acc units)94.44p
Offer price (acc units)99.59p
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

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 R)

20162015201420132012
12 months to 31 December22.7%9.3%9.3%20.7%12.8%
20172016201520142013
12 months to 28 February22.7%2.6%16.7%7.7%12.8%
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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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 finances and the ability to maintain profitable product prices over time.

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 themes 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, with the aim of offering capital protection should markets fall.

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
  • the prospect of capital protection in periods of market turbulence
  • an experienced fund management team with a good record

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.

Risk considerations

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

  • This fund invests in a relatively small number of high-quality companies around the world, primarily substantial stable businesses. The managers carefully scrutinise companies before investing, looking for those that will deliver good returns from long-term growth trends
  • 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 go up and down.
  • In addition, a proportion of the fund’s investments may be in emerging markets, which can be more volatile than mature markets.
  • In more difficult times, the managers will seek to protect capital by selling some investments and holding cash instead.
  • This fund’s ‘SRRI’ risk rating, a measure of how volatile the fund’s performance has been over time, is currently 5, 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 have a concentrated portfolio of investments. This can be more risky than spreading investments over a larger number of companies.

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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