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Artemis Strategic Assets Accumulation *

Sell : 59.87p | Buy : 63.37p | down 0.14p
Last valuation as at 16-03-2010

HL comment

Our view on this Fund

Does this situation sound familiar? You have made your mind up to take a position in a share, bond or currency. Having thought about it for a period of time, at the final hurdle the price goes up. This puts you in a quandary. Do you go ahead or not? How many times has it deterred you, resulting in a missed profit? Similarly, many investors lament taking profits early or not selling a losing investment that has disappointed further.

Imagine if you had the foresight to move seamlessly between different types of investment. You could have held Japanese Yen in 2008, making over 70% in Sterling terms, and sailed through the worst financial crisis in living memory. You could have then put your money in the FTSE 100 at the beginning of 2009, and enjoyed a 22% increase by the end of the year. This is why we believe many investors should consider a new breed of fund that allows fund managers complete freedom to move between a comprehensive range of assets in search of the best performance. Funds of this nature can provide positive returns no matter what is happening in the economy or the market.

This approach is entirely reliant on the skill of the fund manager, as if they make the wrong decisions, the fund could lose money, even in a rising market. It is therefore vital to have a wise head at the helm. William Littlewood, manager of the Artemis Strategic Assets Fund is a seasoned investor with a history of making successful calls on the stock market and the economy. For example whilst running the successful Jupiter Income Fund in the 1990s, he correctly predicted the falling inflation of that decade and made money buying gilts when they were out of favour.

The fund comes equipped with a complete toolbox. This includes the capacity to 'short' and the ability to hold cash, currencies and bonds. In fact the entire armoury a fund manager might need to make money - and to shelter investors from falling asset prices too. William Littlewood will also not be afraid to run big cash positions should he consider it necessary. He is a manager with the experience and talent to adapt quickly to the economic landscape as it changes. However, nobody makes the correct calls all the time, and past performance is no guide to the future.

In buying this fund you not only have a truly gifted fund manager choosing the stocks, but also the asset classes which he believes will offer the highest potential returns. We believe it is perfectly suited to today's markets. On the strength of William Littlewood's ability, track record and the nature of the fund I suggest you consider taking a closer look.

23-02-2010

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 £9.7 billion. In 2002 Artemis took over the ABN Amro fund range and in 2008 Fortis Bank became the sole owners of Artemis Management Ltd. The entire Artemis executive and fund management team, led by Mark Tyndall as chief executive, remains committed to the business. There have been no changes to the board composition, and they remain operationally independent from Fortis in all material respects. As the fund managers' 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 striving for good performance.

06-05-2009

HL sector comment: Active Managed

Our view on this sector

These funds blend a range of different investments to create a core holding for a portfolio. Active Managed funds tend to be the highest risk, with Cautious Managed funds for more risk-averse investors. Balanced Managed funds sit between the two. Balanced and Cautious Managed funds will usually invest in a mixture of shares and bonds, whereas Active Managed funds tend to focus more on shares. However, each fund will employ its own strategy and invest differently. Investors should look carefully at any fund they wish to buy to ensure that its risks, mix of assets and investment approach suit their needs.

09-11-2009



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