By MARK HINTON 10/10/2006
Adrian Frost seeks companies likely to be re-rated or where there is a catalyst for improvement whilst screening companies for sustainable free cash flow yield. Frost has managed this fund since January 2002 and focuses on his best 70-90 stock ideas using his disciplined analytical approach. The fund distinguishes itself from many other equity income mandates in this sector by utilising up to 20% in European equities, an area in which Artemis is strong.
With a clearly defined investment process and experienced management team, we believe there is a high probability that consistent out-performance can be maintained for the foreseeable future. The fund is awarded a 5 star rating.