Artemis Global Growth Fund I Acc

Global Growth

Rated Fund 2014-20. Seeks growth at a reasonable price  

Artemis Global Growth was highly commended in the Larger Global Growth Fund category in the Money Observer 2017 fund awards. Its recent performance has been uninspiring mainly due to its focus on value and a significant position in emerging markets. Its bias to out-of-favour value stocks is near an all-time high and it has 24% in emerging markets, which pretty much trod water during 2019. Adrian Lowcock, head of personal investing at Willis Owen, an investment platform, considers it “complementary to core global growth funds because of its value bias”.

The fund’s positioning makes this one of the higher-risk options for global equity exposure, so we moved it into our adventurous selection in 2019. Later that year, Morningstar downgraded it from silver to bronze on the basis of reduced conviction in the process. Analyst Jonathan Miller nevertheless recognises that investors have been compensated for the higher level of risk over the long term.

Peter Saacke, the fund’s manager since 2004, is a Garp (growth at a reasonable price) investor, looking for companies that he thinks are attractively valued, but that have the potential to grow. He uses Artemis’s in-house quantitative screening tool, SmartGARP, to screen a firm’s finances to help spot winners and keep decision-making objective. He then carries out his own stock-specific due diligence to make sure there is a real investment story behind any good SmartGARP score. The system also alerts him to problems with existing holdings.

Narrative and ratings content all as of 01 January 2020.

See all Money Observer rated funds
Name
Artemis Global Growth Fund I Acc
Manager
Artemis Fund Managers Limited
Type
Unit Trust
ISIN
GB00B2PLJP95
Sector
Global
Launched
07/03/2008
OCF
0.87 %
Risk Rating
5
3 Year Sharpe
0.31
3 Year Alpha
-2.55
Yield
2.2 %
Benchmark
MSCI ACWI NR GBP
The fund aims to achieve long-term capital growth from a diversified portfolio investing in any economic sector in any part of the world. The Manager actively manages the portfolio in order to achieve the objective and will not be restricted in respect of choice of investments either by company size or industry, or in terms of the geographical split of the portfolio.
Holding %
Apple Inc 2.76 %
JPMorgan Chase & Co 2.34 %
Alphabet Inc A 2.21 %
Roche Holding AG Dividend Right Cert. 2.01 %
Citizens Financial Group Inc 1.72 %
Microsoft Corp 1.53 %
Allianz SE 1.50 %
ITOCHU Corp 1.44 %
Intel Corp 1.42 %
PJSC Lukoil ADR 1.38 %
Region %
United States 41.01 %
Eurozone 20.62 %
Asia - Emerging 16.60 %
Sector %
Financial Services 25.79 %
Industrials 15.27 %
Consumer Cyclical 12.91 %
Healthcare 11.82 %
Technology 10.00 %
Communication Services 5.98 %
Basic materials 5.01 %
Name
Artemis Fund Managers Limited
Address
SW1A 1LD, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Peter Saacke
Joined 01/01/2004

Peter has managed the Artemis Global Growth Fund and Artemis Institutional Global Capital Fund since January 2004 and co-managed the Artemis Global Emerging Markets Fund since its launch in April 2015. He joined Artemis in December 2002 from Merrill Lynch, where he worked as an equity strategist from 1999. Peter holds a BA in mathematics & philosophy from the University of Oxford, an MA in economics from Freiburg University and a PhD in economics from Hamburg University. He is a CFA charterholder, a partner in Artemis, chief investment officer and a member of the executive committee

Data provided by Morningstar.

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