Artemis Global Growth Fund I Acc
Update: 6 August 2019: Artemis Global Growth - on performance watch
Full details regarding why we have taken this decision can be found here.
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
|JPMorgan Chase & Co||1.79 %|
|Roche Holding AG Dividend Right Cert.||1.51 %|
|Allianz SE||1.47 %|
|Citizens Financial Group Inc||1.46 %|
|PJSC Lukoil ADR||1.42 %|
|Cummins Inc||1.39 %|
|Cisco Systems Inc||1.36 %|
|LVMH Moet Hennessy Louis Vuitton SE||1.36 %|
|Imperial Brands PLC||1.36 %|
|Bank of Communications Co Ltd Class H||1.35 %|
|United States||42.34 %|
|Asia - Emerging||16.75 %|
|Financial Services||27.08 %|
|Consumer Cyclical||11.41 %|
|Basic materials||5.04 %|
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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