Artemis Capital Fund Accumulation Units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 4.75% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.68% |
| Launch date | 23-12-1986 |
| Launch price | £0.50 |
| Sector | UK All Companies |
| Fund size | £454 million |
| Number of holdings | 78 |
| 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
We have decided to remove three Artemis funds from the Wealth 150, our list of favourite funds in each sector. The funds are Capital, European Growth and Global Growth.All three funds have performed poorly during a period when the credit crunch has had a negative impact on stock markets across the world. A key part of their investment process is a proprietary quantitative system called SmartGARP, which is designed to highlight promising shares. With such upheaval in stock markets the system has not been successful over the last year or so, and changes implemented by Artemis earlier in the year are not yet showing signs of working. As such we have decided to remove the funds from the Wealth 150.
We stress that we believe existing investors in the fund should continue to hold. Artemis is a strong investment house and in our opinion the managers of all three funds are highly capable. Indeed we may decide to re-admit the funds to the Wealth 150 at some point in the future. However, we feel we cannot suggest the funds for new investment at a time when the quantitative system they use is clearly continuing to struggle to highlight outperforming shares.
We will monitor all the funds closely and keep investors updated with any change in our views.
Full research
About the Fund Manager
Jacob de Tusch-Lec
Located in: London
Jacob joined Artemis in November 2005 from Merrill Lynch, where he worked as Pan European Equity Strategist within the Global Strategy and Economics Team since 2002. After graduating from the University of Copenhagen with a BA and MSc in Economics, Jacob worked as a financial journalist/editor at a Copenhagen-based publisher of CEE focused business newsletters and economic research with corporate government subscribers in 15 countries. Jacob has also previously held a position of Junior Portfolio Manager at Copenhagen-based BankInvest where he helped manage the CEE/Russia Equity Unit Trust, before graduating with an MBA from the Stern School of Business at New York University in 2002.
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Income details
| Historic yield | 2.30% |
|---|---|
| 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 | 08 April 2009 |
|---|---|
| Payment date ³ | 07 June 2009 |
Top 10 holdings
| Royal Dutch Shell B | 8.20% |
|---|---|
| BP | 7.92% |
| Astrazeneca | 5.45% |
| BAE Systems | 3.63% |
| Scottish & Southern Energy | 3.41% |
| RWE AG | 3.26% |
| HSBC Holdings PLC (UK Reg) | 2.94% |
| RSA Insurance Group | 2.69% |
| Pfizer | 2.59% |
| Reckitt Benckiser Group | 2.25% |
Top 10 sectors
| Oil & Gas Producers | 18.73% |
|---|---|
| Pharmaceuticals & Biotechnology | 9.95% |
| Financial Services | 8.37% |
| Banks | 7.21% |
| Gas, Water & Multiutilities | 6.93% |
| Aerospace & Defence | 6.14% |
| Cash and Equiv. | 4.17% |
| Electricity | 3.80% |
| Mining | 3.71% |
| Media | 3.71% |
Top 10 countries
| United Kingdom | 83.85% |
|---|---|
| Germany | 4.90% |
| Cash and Equiv. | 4.17% |
| United States | 3.27% |
| France | 1.54% |
| Italy | 0.69% |
| Ireland | 0.65% |
| Switzerland | 0.60% |
| Denmark | 0.32% |
| Non-Classified | 0.02% |
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 07-01-2009. Data accurate as at 30/11/2008.
