Artemis US Extended Alpha Fund I Acc GBP

US Equities

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
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
0.77
3 Year Alpha
-2.97
Yield
0 %
Benchmark
S&P 500 TR Hdg GBP
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 %
Microsoft Corp 6.39 %
United States Treasury Bills 0% 6.04 %
Apple Inc 6.02 %
Alphabet Inc Class C 3.94 %
Liberty Broadband Corp C 3.10 %
Anthem Inc 3.06 %
Amazon.com Inc 2.83 %
JPMorgan Chase & Co 2.59 %
Berkshire Hathaway Inc B 2.56 %
ConocoPhillips 2.53 %
Region %
United States 98.80 %
Sector %
Technology 21.70 %
Financial Services 17.87 %
Communication Services 13.55 %
Healthcare 13.40 %
Consumer Cyclical 12.29 %
Industrials 5.59 %
Name
Artemis Fund Managers Limited
Address
SW1A 1LD, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

William Warren
Joined 09/19/2014

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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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.