Artemis Global Income Fund I Inc
Global Equity Income
Rated Fund 2014-2018. Complements UK equity income holdings
This fund won Money Observer's Best Global Equity Income Fund award in 2014 and 2015, and was highly commended in 2016.
It stands out from the competition for two main reasons. Jacob de Tusch-Lec, its manager since inception in 2010, combines a fundamental bottom-up approach to stock selection with a top-down approach to portfolio construction, and he also has little exposure to the UK (less than 4 per cent at the end of 2017).
So for income investors seeking diversification, it will complement rather than replicate existing UK equity income holdings. Its yield is 3.5 per cent and it pays income half yearly.
De Tusch-Lec's first step is to consider Artemis's views on the world economy and the outlook for various countries and regions.
At a stock level he examines the quality of companies' dividend streams, their managements and the type of business they are involved in. He does not follow any particular investment style but shifts investments between high-yielding quality, cyclical and value stocks as appropriate.
He invests in a range of businesses from big, 'boring' companies with long dividend histories to emerging market companies that have only just started paying dividends, and mid-sized companies with good growth prospects. He also has a strong sell discipline to ensure he does not hold on to stocks for too long.
Whitechurch Securities has used this fund as a core holding for clients since 2014. Ben Willis, the wealth manager's head of research, points to its rapid growth into a near £4 billion fund. 'This has not been at the compromise of Jacob's process,' he says.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Tokai Carbon Co Ltd||4.18 %|
|POSCO Chemtech Co Ltd||3.36 %|
|EI Towers SpA||3.19 %|
|Citigroup Inc||3.07 %|
|Infrastrutture Wireless Italiane SpA||2.81 %|
|General Motors Co||2.34 %|
|Zions Bancorp NA||2.31 %|
|Best Buy Co Inc||2.24 %|
|Bank Leumi Le-Israel BM||2.17 %|
|Rai Way SpA||2.14 %|
|United States||40.97 %|
|Europe - ex Euro||9.35 %|
|Middle East||8.11 %|
|Asia - Emerging||5.36 %|
|Financial Services||29.04 %|
|Basic materials||15.86 %|
|Consumer Cyclical||8.54 %|
Jacob de Tusch-Lec
Jacob has managed the Artemis Global Income Fund since launch in July 2010 and the Artemis Global Equity Income Fund since launch in June 2015. He has also managed, with James Foster, the Artemis Monthly Distribution Fund since its launch in May 2012. Having joined Artemis in 2005, he managed the Artemis Capital Fund from January 2006 until June 2010. Jacob began his career in 1998 at BankInvest, one of Scandinavia's largest independent fund managers. In 2002 he joined Merrill Lynch as vice-president of pan-European equity strategy. Jacob holds a BA and an MSc in economics from the University of Copenhagen; and an MBA from the Stern School of Business at New York University (NYU). He is a member of Artemis' executive committee.
Data provided by Morningstar.
The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.
This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.
You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.