Artemis Global Growth Fund I Acc

Global Growth

Rated Fund 2014-19. 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 at decade highs, while it is 13% overweight in emerging markets, which had a difficult 2018. Almost a quarter of the fund is invested here.

The fund’s positioning makes it one of the higher-risk options for global equity exposure, so we have moved it into our adventurous selection. Investors have been compensated for the higher level of risk over the long term.

Peter Saacke, the fund’s manager since 2004, is a ‘growth at a reasonable price’ (Garp) investor. He looks for companies he thinks are attractively valued but have potential to grow.

He uses Artemis’ in-house quantitative screening tool, SmartGarp to screen firms’ finances to help spot winners and keep decision-making objective. The aim is to draw a manager’s attention to important financial information but avoid information overload.

He then carries out his own stock-specific due diligence to make sure there is a real investment story behind any good SmartGarp score.

Many fund managers aim for concentrated portfolios nowadays, but Saacke opts for a relatively large and well-diversified portfolio – its biggest holding at the end of 2018, JPMorgan Chase, accounts for just 2.6% of the portfolio.

Narrative and ratings content all as of 01 January 2019.

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
4
3 Year Sharpe
1.12
3 Year Alpha
-0.69
Yield
1.6 %
Benchmark
MSCI ACWI NR GBP
The objective of the Fund is 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 %
JPMorgan Chase & Co 2.42 %
Cummins Inc 1.74 %
Microsoft Corp 1.56 %
Verizon Communications Inc 1.55 %
Roche Holding AG Dividend Right Cert. 1.53 %
Mitsubishi Corp 1.41 %
Bank of Communications Co Ltd H 1.38 %
Allianz SE 1.35 %
Caterpillar Inc 1.29 %
Endesa SA 1.26 %
Region %
United States 39.29 %
Asia - Emerging 17.94 %
Eurozone 16.55 %
Europe - ex Euro 5.61 %
Sector %
Financial Services 23.71 %
Industrials 17.72 %
Healthcare 9.92 %
Technology 9.25 %
Utilities 8.04 %
Basic materials 7.63 %
Energy 7.15 %
Consumer Cyclical 6.89 %
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

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