Artemis US Extended Alpha Fund I Acc GBP

US Equities

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
Name
Artemis US Extended Alpha Fund I Acc GBP
Manager
Artemis Fund Managers Limited
Type
Open Ended Investment Company
ISIN
GB00BMMV5G59
Sector
North America
Launched
19/09/2014
OCF
0.87 %
Risk Rating
2
3 Year Sharpe
1.43
3 Year Alpha
1.72
Yield
0 %
Benchmark
S&P 500 TR EUR
The objective of the Sub-Fund is to achieve long-term capital growth. The emphasis of the Sub-Fund is investment in companies listed, quoted and/or traded in the United States of America and in companies which are headquartered or have a significant part of their activities in the USA which are quoted on a regulated market outside the USA.
Holding %
E-mini S&P 500 Dec18 9.12 %
Microsoft Corp 6.48 %
Alphabet Inc Class C 4.99 %
Berkshire Hathaway Inc B 3.77 %
UnitedHealth Group Inc 3.11 %
Xilinx Inc 2.64 %
Zoetis Inc Class A 2.60 %
United States Treasury Notes 2.75% 2.57 %
Comcast Corp Class A 2.40 %
Cintas Corp 2.39 %
Region %
United States 105.37 %
Sector %
Healthcare 23.20 %
Technology 21.90 %
Financial Services 15.34 %
Industrials 13.34 %
Consumer Cyclical 9.06 %
Name
Artemis Fund Managers Limited
Address
SW1A 1LD, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Stephen Moore
Joined 09/19/2014

Stephen has managed Artemis' US Extended Alpha and US Absolute Return Funds since launch. He holds a BComm and BA from the University of Queensland and is an associate of the Securities Institute of Australia. Stephen began his career at First State in 1997 and moved to Threadneedle's US team in 2002. He launched the Threadneedle American Extended Alpha Fund in 2007, became lead manager on the US hedge fund in 2008 and launched the Threadneedle American Absolute Alpha Fund in 2010. Stephen joined Artemis in 2014.

Data provided by Morningstar.

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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.