Artemis US Extended Alpha Fund I Acc GBP
Rated Fund 2018-20. Can go 'long/short' to navigate choppier waters
Artemis US Extended Alpha has outperformed peers and the wider US stockmarket over one, three and five years, and since its launch in 2014. In 2018 it made its debut as a Rated Fund and was highly commended in the Best North America Fund category of Money Observer's awards.
We retain our conviction in the fund, despite a recent management departure. William Warren has co-managed the fund since inception and is now sole named manager following the departure of Stephen Moore in September last year.
The fund could prove a useful tool in investors' armouries should the investment waters get choppier. That is because the £450 million fund takes a 'long/short' approach and can profit from falling as well as rising share prices.
Rob Morgan, an investment analyst at wealth manager Charles Stanley, continues to be impressed by the relatively low volatility of the fund. He says: "This offers something a bit different from the average US fund. It could help protect capital a bit if US markets were to endure a sustained fall, though historically it has also been able to fare well relative to its peers in a rising market."
Warren builds a portfolio of 130 Ôbest ideasÕ across the long and short portfolios with the goal of outperforming the S&P 500 index across the economic and market cycle. Analysts cover 40-60 stocks each and come up with both long and short ideas. The fundÕs net market exposure remains low at 86% (compared with 100% for a fully invested long-only fund).
Narrative and ratings content all as of January 2020.See all Money Observer rated funds
|United States Treasury Bills 0%||9.45 %|
|Microsoft Corp||6.21 %|
|Amazon.com Inc||5.27 %|
|Alphabet Inc Class C||4.83 %|
|Apple Inc||4.05 %|
|Liberty Broadband Corp C||3.30 %|
|Visa Inc Class A||3.05 %|
|T-Mobile US Inc||2.47 %|
|Norfolk Southern Corp||2.28 %|
|Crown Castle International Corp||2.13 %|
|United States||97.80 %|
|Communication Services||17.21 %|
|Consumer Cyclical||11.05 %|
|Financial Services||9.71 %|
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.
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