Artemis US Extended Alpha Fund I Acc GBP
Rated Fund 2018-19. Navigates choppier waters
Artemis US Extended Alpha has outperformed peers and the wider US stockmarket over the past year and remains a leader of the pack over three years and since it launched in 2014.
Having made its debut as a Rated Fund last year, it was later highly commended in the Best North America fund category of Money Observer’s 2018 awards.
This fund could prove a useful tool in investors’ armoury should investment waters get choppier. That is because the £1.4 billion fund can profit from falling as well as rising share prices.
Stephen Moore, its manager since inception, combines a traditional portfolio of ‘long’ US stocks (where the manager expects a company’s share price to rise) with a portfolio of ‘short’ positions (where he aims to make money from an anticipated share price fall).
He builds a portfolio of 130 ‘best ideas’ across its long and short portfolios with the goal of outperforming the S&P 500 index across the economic and market cycle. The team takes a sector-based approach, with analysts covering 40 to 60 stocks each and coming up with both long and short ideas for Moore. On the long side, they seek to make twice as much money as they could lose. On the short side, the reverse is true.
A flexible approach to stock-picking – adapting the fund’s investment style as Moore sees fit – is combined with analysis of long-term trends shaping the US economy. Moore seeks to identify areas benefiting from supportive trends, as well as those for whom conditions are less favourable. At the end of 2018, the fund’s largest net sector exposures were healthcare and information technology.
Narrative and ratings content all as of January 2019.See all Money Observer rated funds
|Microsoft Corp||7.12 %|
|United States Treasury Bills 0%||5.45 %|
|Visa Inc Class A||3.75 %|
|Alphabet Inc Class C||3.68 %|
|Comcast Corp Class A||3.37 %|
|Berkshire Hathaway Inc B||3.32 %|
|Boeing Co||3.21 %|
|Amazon.com Inc||2.85 %|
|Zoetis Inc Class A||2.76 %|
|Anthem Inc||2.58 %|
|United States||100.88 %|
|Financial Services||19.09 %|
|Consumer Cyclical||12.52 %|
|Communication Services||7.56 %|
|Basic materials||6.42 %|
William joined Artemis in 2014 from Columbia Threadneedle, where he had worked since 2008 as deputy manager of the Threadneedle US Extended Alpha and US Absolute Alpha funds. William began his career in New York as an analyst at JP Morgan in 1997. He joined the research department at Lehman Brothers in 2000 as an associate where he covered the software industry for three years before moving to the proprietary trading group where he was a Senior Vice President and portfolio manager until 2008.
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.