Factsheet: Artemis Global Income 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
Name
Artemis Global Income I Inc
Manager
Artemis Fund Managers Limited
Type
Unit Trust
ISIN
GB00B5N99561
Sector
Global Equity Income
Launched
19/07/2010
OCF
0.8 %
Risk Rating
4
3 Year Sharpe
0.83
3 Year Alpha
1.70
Yield
3.6 %
Benchmark
MSCI ACWI NR GBP
The fund aims to achieve a rising income combined with capital growth from a wide range of investments. The fund will mainly invest in global equities but may have exposures to fixed interest securities. We will not be restricted in our choice of investments, regardless of size of the company, the industry it trades in or the geographical split of the portfolio.
Holding %
Citigroup Inc 3.73 %
Storebrand ASA 3.38 %
Infrastrutture Wireless Italiane SpA 3.02 %
Synchrony Financial 2.83 %
General Motors Co 2.80 %
Zions Bancorp 2.72 %
Bank of America Corporation 2.57 %
EI Towers SpA 2.42 %
Tokai Carbon Co Ltd 2.32 %
Rai Way SpA 2.32 %
Region %
United States 38.07 %
Eurozone 20.19 %
Europe - ex Euro 10.01 %
Japan 6.98 %
Asia - Emerging 6.97 %
Middle East 6.55 %
Sector %
Financial Services 40.44 %
Industrials 13.24 %
Basic materials 12.12 %
Consumer Cyclical 10.98 %
Technology 8.77 %
Energy 5.57 %
Communication Services 5.36 %
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.

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