Artemis European Growth Fund Accumulation Units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.59% |
| Launch date | 07-03-2001 |
| Launch price | £1.00 |
| Sector | Europe Excluding UK |
| Fund size | £1,374 million |
| Number of holdings | 100 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Although the fund has been through a difficult patch this year Philip Wolstencroft is relatively upbeat about the fund’s long term prospects. He believes the companies held in the portfolio offer strong profit growth despite a slowing European economy. The fund’s underperformance this year is attributed to its bias in European banks which have been volatile, but we believe a long term outlook would be wise.
Full research
About the Fund Manager
Philip Wolstencroft
Located in: London
Philip joined Artemis in February 2001 from Merrill Lynch where he was Head of Pan European Equity Strategy. For the previous seven years he was consistently ranked at the top of investor surveys for European Equity Strategy. Prior to this Philip worked for two years as a Fund Manager and global strategist at NatWest Investment Management, and for three years as a Fund Manager with WorldInvest. He holds a BA and MA in Economics. Philip created SmartGARP, the investment process which Artemis uses to help choose stocks.
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Income details
| Historic yield | 0.80% |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 April 2008 |
|---|---|
| Payment date ³ | 31 May 2008 |
Top 10 holdings
| K+S AG | 5.35% |
|---|---|
| Banco Santander S.A. | 4.40% |
| Technip S.A. | 3.89% |
| Erste Bank der Oesterreichischen Sparkassen AG | 2.48% |
| StatoilHydro ASA | 2.21% |
| OMV AG | 2.09% |
| Total S.A. | 2.08% |
| Adidas | 1.98% |
| SUEZ | 1.90% |
| Alpha Bank S.A. | 1.83% |
Top 10 sectors
| Banks | 18.66% |
|---|---|
| Chemicals | 15.25% |
| Oil and Gas Producers | 9.52% |
| Industrial Engineering | 7.32% |
| Construction and Materials | 4.61% |
| Pharmaceuticals and Biotechnology | 4.46% |
| Oil Equipment, Services and Distribution | 3.89% |
| Industrial Metals and Mining | 3.30% |
| Food Producers | 3.24% |
| Cash and Equiv. | 2.94% |
Top 10 countries
| Germany | 21.92% |
|---|---|
| France | 16.18% |
| Spain | 8.72% |
| Netherlands | 7.28% |
| Finland | 6.52% |
| Austria | 6.51% |
| Switzerland | 6.39% |
| Norway | 5.03% |
| Greece | 4.15% |
| Sweden | 3.88% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-08-2008. Data accurate as at 30/06/2008.
