Artemis Global Growth Accumulation Units
HL comment
Our view on this Fund
In the current economic headwinds, Peter Saacke remains focused on companies that have fallen out of favour but are managing to deliver positive earnings surprises. With this in mind he has lowered the fund’s positioning in banks as they are likely to disappoint in the near term. He is drawn to the more resilient businesses like utilities and other companies with strong balance sheets and as little debt as possible.
12-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Artemis
Our view on this Fund Management Group as a whole
Artemis was formed in 1997 and was basically the ex Ivory and Sime UK team. Responsible then for £2 billion, they had an excellent track record in investment trusts such as the ISIS Investment Trust. Since then assets under management have grown to £16.3 billion. In 2002 Artemis took over the ABN Amro fund range and althuogh ABN Amro has a large stake in the company, executive control remains with the original founder shareholders (i.e. Mark Tyndall, John Dodd, Derek Stuart, and Lindsay Whitelaw). All the fund managers have a stake in the business, and in addition their pension funds are invested into their own funds. As their own money is tied up in their funds, success for them is success for their investors. We would suggest this is a great incentive for them to continue achieving good performance.
13-09-2007
HL sector comment: Global Growth
Our view on this sector
This sector contains a diverse mix of funds so check the investment strategy before you invest. Some funds can provide good all round exposure to world markets, allowing investors to benefit from a wide range of economies, others are more specialist. The credit crunch has affected world markets and this will be reflected in fund returns.
20-11-2008