Artemis Global Income Fund I Inc

Global Equity Income

Update: 6 August 2019: Artemis Global Income - on performance watch
Full details regarding why we have taken this decision can be found here.

Rated Fund 2014-19. Complements UK equity income holdings

Artemis Global Income’s value style has been out of favour in recent years, but it remains a good core holding to complement exposure to UK income stocks, given that it has little exposure to stocks listed here (less than 2% at the end of 2018). This means that, for income investors seeking diversification, it won’t replicate existing UK equity income holdings.

The fund won Money Observer’s Best Global Equity Income Fund award in 2014 and 2015, and was highly commended in 2016. Since its launch in 2010, it ranks as the top-performing fund in its sector. It yields 3.4% and pays income half-yearly.

Morningstar points to its “distinctive character” making it an “appealing offering”. The fund has several uncommon features versus peers.

While most equity income funds heavily rely on bottom-up stockpicking, macro analysis also plays an important role at this fund. Jacob de Tusch-Lec, its manager since inception, first considers Artemis’ views on the world economy and the outlook for various countries and regions.

The fund further differentiates itself by looking outside the traditional universe of dividend stocks commonly found in the portfolios of peers, which leads to a greater weighting in mid-sized and small companies. Its contrarian style gives it a value tilt, but the prevailing economic background can steer the fund to other segments of the market as well.

It invests in a range of businesses from big, ‘boring’ companies with long dividend histories to emerging markets companies that have only just started paying dividends.

The fund’s rapid growth in size to almost £4 billion has not been achieved by compromising the manager’s process.

Narrative and ratings content all as of 01 January 2019.

See all Money Observer rated funds
Name
Artemis Global Income Fund I Inc
Manager
Artemis Fund Managers Limited
Type
Unit Trust
ISIN
GB00B5N99561
Sector
Global Equity Income
Launched
19/07/2010
OCF
0.83 %
Risk Rating
5
3 Year Sharpe
0.49
3 Year Alpha
-4.49
Yield
3.3 %
Benchmark
MSCI ACWI NR GBP
The objective of the Fund is to achieve a rising income combined with capital growth primarily from a portfolio of equities selected on a global basis.
Holding %
Infrastrutture Wireless Italiane SpA 3.88 %
Rai Way SpA 3.48 %
Citigroup Inc 2.86 %
General Motors Co 2.70 %
POSCO Chemical Co Ltd 2.54 %
Bank Leumi Le-Israel BM 2.35 %
Rheinmetall AG 2.19 %
Broadcom Inc 2.17 %
Verizon Communications Inc 2.08 %
The GEO Group Inc 2.02 %
Region %
United States 40.36 %
Eurozone 21.04 %
Middle East 8.38 %
Asia - Emerging 7.39 %
Europe - ex Euro 5.45 %
Sector %
Financial Services 21.14 %
Industrials 17.61 %
Basic materials 12.65 %
Energy 10.61 %
Consumer Cyclical 10.58 %
Technology 8.53 %
Communication Services 6.82 %
Real Estate 5.12 %
Name
Artemis Fund Managers Limited
Address
SW1A 1LD, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Jacob de Tusch-Lec
Joined 07/19/2010

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.