Artemis US Smaller Companies Fund I Acc GBP
Rated Fund 2015-2018. Looks to discover potential before others do
This is a relatively new fund, having been launched in 2014. But its manager since then, Cormac Weldon, is an old hand with a good track record, so we are expecting good long-term results from this fund. Whitechurch Securities started using this fund for clients in early 2017 and points to Weldon's 'excellent long-term track record of delivering performance throughout different market cycles'.With this fund, he invests in small companies of up to �10 billion in size, typically holding around 50 to 70 stocks selected from an investment universe of more than 2,000. His aim is to give investors exposure to the best of America's innovative, entrepreneurial and fast-growing small companies. Because smaller companies receive less attention from analysts than their larger peers, there is scope for experienced investors such as Weldon to discover their potential before others do.He and his team start by looking at the overall US economy to identify areas of the market that are benefiting from thematic trends, such as the policies of the Trump administration, as well as those where conditions may not be favourable. They also utilise external research and their own analysis and attend company meetings.Once a stock has been identified as worthy of closer inspection, in-depth, bottom-up analysis and financial modelling are used to develop and test the investment case. While the collective research efforts of the Artemis US equity team support the fund, its final composition is Weldon's responsibility.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Spirit AeroSystems Holdings Inc||3.25 %|
|Booz Allen Hamilton Holding Corp||2.94 %|
|Churchill Downs Inc||2.74 %|
|Planet Fitness Inc A||2.71 %|
|Santander Consumer USA Holdings Inc||2.61 %|
|Pool Corp||2.55 %|
|Teladoc Health Inc||2.23 %|
|Transocean Ltd||2.22 %|
|Bright Horizons Family Solutions Inc||2.17 %|
|Voya Financial Inc||2.00 %|
|United States||94.88 %|
|Consumer Cyclical||20.90 %|
|Financial Services||12.71 %|
|Consumer Defensive||8.08 %|
Cormac is head of the US team and has managed the Artemis US Equity, US Select and US Smaller Companies Funds since launch. He studied accounting and finance at Dublin City University, graduating in 1987 and joining KPMG. After moving to Provident Mutual where he was a US equity analyst, Cormac spent two years as a fund manager for the British Gas Pension Fund. He joined Threadneedle in 1997, later becoming head of the North America team and the lead manager of three of its US funds. He moved to Artemis in 2014.
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