Artemis UK Select Fund

The manager took over this fund at the end of 2015. Ed had an excellent track record at his previous company. Since taking on this strategy the fund has struggled to outperform the benchmark. The fund has a high active share class. An active share score of 100 indicates that the equity portion of the fund and its benchmark have no common holdings. Looking at the high-level data it seems that although the fund captures significantly on the upside, it does not protect on the downside. In 2020 at the lowest point the fund was down nearly 40% against a benchmark down just over 30%. Although the fund has recovered some of those loses it has had to work harder to catch up with the benchmark.

Taking this a step further the volatility measure over three years is 23.04% compared to the benchmark of 14.67%. This means investors are taking on more risk/volatility to get the returns, and the ride will be bumpy. The fund appears to have a bias to value stocks. This might not be value in the true sense, but it may be unloved areas of the markets. As an example, Barclays is a top-5 holding and a strong bias to areas like this will make it harder for the fund to outperform. On the flip side, if there is a recovery in these areas then this fund could do very well in a short period of time….read more

Fund Facts Morningstar

Notes

Please note...

Shininglights.co.uk is not regulated by the FCA. The information is purely a guide and it is the responsibility of the investor to carry out their own research before making any final decisions. We will ensure that the information is as accurate as possible but we cannot be held accountable for any errors or omissions. No products are sold on this site, nor do we endorse any particular product or investment.

Where there are links to third party sites this is not an endorsement of that site, and we cannot be held responsible for the accuracy of the information on that site.

Where there is reference to performance you should note that past performance is purely a guide and investments can fall as well as rise.

The information on the site belongs to shininglights.co.uk and cannot be replicated or copied without our permission.