020 7189 9999

ARTEMIS GLOBAL INCOME I

ARTEMIS GLOBAL INCOME I - Overview

Overview of ARTEMIS GLOBAL INCOME I Buy in ISA Buy in Investment Account

The fund aims to achieve a rising income combined with capital growth by investing primarily in global equities. It invests in companies of all sizes, but has a higher weighting to mid-caps compared to its peer group. The manager combines the top-down view with bottom-up stock selection. The portfolio is diversified and will include core, growth and special situations stocks. This approach allows the manager to achieve a balance of income, dividend growth and the potential for capital appreciation.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Global Equity Income
Structure UNIT TRUST
Launched July, 2010
Size £3,446m
Yield 3.2%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.83%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

The manager Jacob de Tusch-Lec is assisted by a dedicated analyst and benefits from highly experienced colleagues on other desks. The fund has now accumulated a five year track record and has outperformed its benchmark since inception as well as during each one of the discrete one-year periods. It benefits from higher weighting to mid-cap stocks than its peer group, and has a dynamic investment approach meaning the manager is able to adjust the portfolio to suit all market conditions. The fund is relatively more aggressive compared to the peer group and typically displays higher volatility.

Portfolio

Allocation Proportion(%)
Equity 99
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 1
Allocation Proportion(%)
UK 5
Europe 32
North America 37
Japan 6
Pacific 5
Emerging Markets 15
Allocation Proportion(%)
Large Caps 54
Mid Caps 34
Small Caps 12
View all performance data for this fund

Investment process

The investment universe is comprised of around 8,000 companies with a market capitalisation in excess of $1 billion. Ideas are generated primarily from running a number of quantitative screens based on more than 30 filters. Stock ideas also come from top-down analysis and formation of global themes as well as interaction with other fund managers within Artemis and a list of selected brokers. The top-down macro is combined with bottom-up stock selection, as the manager believes stock selection alone will fail to take into account important global trends. The manager has the freedom to invest in both large and mid-sized companies and will select from three main buckets: core companies (quality/value plays) with higher yield, lower dividend growth and lower risk; growth stocks (quality/cyclical) with relatively low yield, high dividend growth, and moderate risk; risk/special situations (value/cyclicals) - typically higher yielding companies with moderate dividend growth and higher risk. Allocation to each of the three buckets will range between 40-60%, 20-40% and 10-30% respectively. Stock turnover is high.

Live feed

Bid price(inc) 99.08p
Accum units 137.43p
Fund commentary 07/04/15
Fund data updated on 22/07/19

Asset allocation

Allocation Proportion(%)
Equity 99
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 1

Equity Geographic

Allocation Proportion(%)
UK 5
Europe 32
North America 37
Japan 6
Pacific 5
Emerging Markets 15

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 54
Mid Caps 34
Small Caps 12

Top 10 holdings

As at: 31/05/2019
3.8886%Infrastrutture Wireless Italia Spa
3.0188%Rai Way Spa
2.7087%Posco Chemical Co Ltd
2.2431%Bank Leumi Le-Israel B.m.
2.2267%Tokai Carbon Co
2.1357%Citigroup Inc
2.1284%General Motors Co
2.0994%Geo Group Inc(The)
2.0263%Rheinmetall Ag
1.934%Broadcom Inc
Source: Trustnet

Sector breakdown

Banks 14%
Materials 12%
Energy 11%
Telecommunications Utilities 10%
Capital Goods 10%
Financials 6%
Real Estate 5%
Semi Conductors 4%
Money Market 4%
Automotive 3%

Portfolio details

80-100 stocks. The manager may hedge currency where there is an overweight to any given geography.

Constraints

Max absolute holding in any company is 5%. +/20% regional allocation, +/-15% sector allocation.
There are some limits placed on the portfolio but these could result in significant divergences from the benchmark from time to time.

Average monthly relative returns Bestinvest MRI
14/15 15/16 16/17 17/18 18/19   3 years 5 years Career 3 years 5 years Career
-0.63%   -0.69%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jacob de Tusch-Lec

Manager. After graduating from the University of Copenhagen with a BA and MSc in Economics, de Tusch-Lec worked in Copenhagen as a financial journalist/editor at a publisher. He began his investment career in 1998 as a Junior Portfolio Manager at BankInvest, before gaining an MBA from the Stern School of Business at NYU in 2002. During his time at NYU he was a teaching assistant under the internationally acclaimed economist, Professor Nouriel Roubini. He then joined Merrill Lynch, where he worked as a Pan European Equity Strategist before moving to Artemis in November 2005.

Track record

The track record of Jacob de Tusch-Lec in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance
Absolute -17% (April 2010 - June 2010)
Relative -10% (May 2009 - February 2010)

Other funds managed

  Start Date
ARTEMIS GLOBAL INCOME RJul 2010

Sector record since May 2009 (1 yr)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Your Session will expire soonclose overlay

As you have been inactive for nearly 15 minutes you will soon be logged out of the secure area of our website. Click OK to remain logged in.